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Would make sense for Portugal to seek aid: Nowotny

It would make sense for Portugal to seek aid from the European Union bailout fund, although such a decision will be caught up in domestic politics, European Central Bank Governing Board member Ewald Nowotny said.


Ireland's main parties form new coalition government

Ireland's two largest parties agreed to form a new coalition government Sunday, clinching a quick deal that will allow it to press European leaders to ease the terms of the country's 85 billion euro EU/IMF bailout.


Ireland passes bailout package despite opposition

Ireland's parliament approved a multi-billion euro EU/IMF bailout package on Wednesday in the face of opposition threats to renegotiate the deal to force losses on some senior bondholders in Irish banks.


Pressure Rises to Bolster European Bailout Fund

The Belgian finance minister and International Monetary Fund suggested that the scope of measures to stabilize the euro should be strengthened.


Portugal Approves Austerity Budget

Portugal Approves Austerity Budget

The budget plan for 2011 is aimed at reassuring nervous lenders that the country can avoid a bailout by meeting its deficit-cutting targets.


Officials See Irish Rescue at 50 Billion Euros, at Least

The ultimate size will depend on whether Dublin merely tries to shore up and restructure its crippled banks, or whether a larger package is offered to give it more breathing room.


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