Global Economy, Europe Debt | featured news

Speculation is growing that Greece may need a second financial bail-out from the international community

A Moody's downgrade and growing speculation Greece may eventually restructure its debt took the shine off Ireland's thumbs-up from the EU and the IMF on Friday for its efforts to claw its way back from crisis.

Ratings agency Standard & Poor's downgraded two of the euro zone's most troubled member states, citing fears that the pair may have to restructure their debt after 2013.

Spain's beloved Christmas lottery sprinkled euro2.3 billion ($3 billion) in holiday cheer across the country Wednesday, winnings eagerly welcomed by a nation facing 20 percent unemployment....

If we did not find ourselves smack in the middle of the Holiday season, I’d probably be talking about how the bull camp’s momentum appears to be waning and that we should be bracing for a meaningful pullback in response to the tiring trend, the overbought condition, and the overly optimistic sentiment readings. And while these issues are indeed present, it appears that the holiday spirit and the corresponding portfolio allocations may be the primary driver to what I will loosely term the current trend.

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

Ireland's international bailout relieved investors Monday but outraged many across the country who find that a requirement to raid state pension ...

The EU and IMF extends 85bn euros of emergency loans to the Republic of Ireland, according to reports on Irish state television.

Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable only a few years ago when Ireland was a booming Celtic Tiger and the economic envy of Europe.