Europe, Debt | featured news

The International Monetary Fund's executive board on Friday said it approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month.

Nearly one-third of 91 European banks undergoing the latest round of public stress tests could need external support to be brought up to scratch, Moody's said.

When comedians feast on Ireland's terrifying debt situation, it's time to laugh - or cry. Hard, cold truths will emerge in either case.

Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.

European leaders were close to agreement on measures aimed at persuading jittery investors that Greece will not be allowed to default.