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Greece should give up budget control: Germany

Greece must surrender control of its budget policy to outside institutions if it cannot implement reforms attached to euro zone rescue measures, the German economy minister was quoted as saying on Sunday.

 

Greece, creditors on verge of clinching debt deal

Greece Debt Deal

Greece and its private creditors said on Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready next week, essential for sealing a new bailout and avoiding an uncontrolled default.

 

Greeks reject EU 'budget control'

Greek officials reject German proposals for a eurozone budget commissioner to oversee spending, as agreement nears on a second bailout for Greece.

 

Economist Papademos to lead Greece’s unity government

Economist Papademos to lead Greece’s unity government

Economist Lucas Papademos will be Greece’s next prime minister, the Greek president’s office announced Thursday, giving to a non-politician the job of passing an unpopular bailout plan before elections are held next year.

 

Bailout loan withheld from Greece

The next tranche of rescue loans for Greece will be withheld until after a bailout referendum, expected in early December, European leaders warn.

 

Greek vote brings uncertainty back to Wall Street

Greek vote brings uncertainty back to Wall Street

NEW YORK (Reuters) - Stocks tumbled on Tuesday after investors were blindsided by a surprise call for a Greek referendum on an EU bailout plan, casting doubt on the sustainability of the recent market rally.

 

Wall Street jumps at open on Europe deal

Stocks jumped more than 2 percent at the open on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Senh: Good to hear that European leaders finally came together and signed off on a plan to rescue troubled nations in the eurozone.

 

Sarkozy yields on ECB crisis role, pressure on Italy

Sarkozy yields on ECB crisis role, pressure on Italy

European Union leaders made some progress toward a strategy to fight the euro zone's sovereign debt crisis on Sunday, nearing agreement on bank recapitalization and on how to leverage their rescue fund to try to stop bond market contagion.

 

Official: EU banks have to raise $140 billion

Official: EU banks have to raise $140 billion

A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece's debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds.

 

Slovakia Approves Expanded Eurozone Bailout Fund

Slovakian lawmakers on Thursday approved expanding the size and powers of the EU bailout fund, overcoming an earlier rejection and removing the last hurdle to the fund's use as the continent's main weapon against the debt crisis.

 

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