Euro-zone finance ministers agreed that if heavily indebted Greece were to get a bailout, it could receive as much as €30 billion in loans this year at about 5% interest from fellow euro nations.
Subscriber Content Read Preview
Greece is likely to meet its big debt repayments this month and next—either by scraping up enough cash from capital markets or by taking an international bailout. What has many investors worried is what happens after that.
Subscriber Content Read Preview
Fitch cut its rating for Greece by two notches to the lowest investment-grade rating and said the outlook remained negative, adding to the woes facing the country.
Subscriber Content Read Preview
Concern over a potential liquidity shortage at Greece's private-sector banks fueled a sharp selloff in Greek debt and equity markets.
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Peer pressure and best practice didn't work; let's put the European Commission in charge.
On the one hand, the economic situation in Europe is better than last year. But on the other, no one is expecting anything like satisfactory growth.
Greece can see its future. It is Angela Merkel's country that hasn't solved its problems and is groping to define its future, writes Irwin Stelzer.
Subscriber Content Read Preview
Those who think Spain can get through the crisis relatively unscathed point to forecasts of a return to growth and promises of labor-market reform. They're overly optimistic on both counts.
Subscriber Content Read Preview
Pressure to strap the euro zone even more tightly into a single straightjacket is growing stronger, writes Patience Wheatcroft.
Brussels has exacerbated the Greek crisis with its preference for horse trading when it comes to EU leadership instead of picking natural leaders and giving them the capacity to lead.
Whether as tragedy or farce, the woes of Athens will be felt beyond the euro zone and beyond Europe.
Subscriber Content Read Preview
Greece's fiscal woes, the exposure of the European financial system to them and the role played by Wall Street in hiding the problems all converge in a London office.
Some hedge funds playing in the European debt markets have started to adjust their investment strategies, fearing that governments may crack down on their use of credit-default swaps.
Leaving the politics of the euro aside, to use the jargon, deploying a new currency requires an "Optimal Currency Area."
A bailout for Greece would embolden those opposed to budget cuts within Greece, Italy, Portugal and Spain, Irwin Stelzer writes.
The countries at the center of the euro zone are trying to figure out how to preserve their nascent recoveries without endangering the zone itself.
Andy Jordan and Joe Parkinson travel to Athens to examine Greece's debt problems and potential solutions.
See who the key players are as European leaders decide the best way to handle a Greek financial bailout.
Subscriber Content Read Preview
Greece's borrrowing costs are high, but not too high for it to handle. The critical issue is whether the government can keep reducing its budget deficit.
Subscriber Content Read Preview
Greece's brinkmanship has paid off, with the EU agreeing on a mechanism to support the country's borrowing. But the outcome may not be quite as Prime Minister Papandreou had hoped.
On the street of Athens, normal workday activity was muted as tens of thousands of people gathered to demonstrate against the government's austerity program as part of an nationwide strike.
Greek Prime Minister George Papandreou has embarked on a five-day tour of foreign capitals in hopes of shoring up support for Greece on both sides of the Atlantic. Take a look at his stops in Berlin, Paris and Washington.
A tense protest of several thousand people in Athens was marred by violence when youths attacked the head of Greece's largest union. Protesters scuffled with police, hurling projectiles while police responded with teargas.
Taxi drivers in Athens abandoned their vehicles Tuesday, taking to the streets to march in protest of a tax clampdown.
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Subscriber Content Read Preview
Compare economies in duress by fiscal deficits, debt loans, growth rates and inflation.
Take a look at events that have rattled European governments and global markets.
A look at premium in percentage points that selected euro-zone governments must pay on their 10-year bonds.
Subscriber Content Read Preview
Subscriber Content Read Preview