Bailout, Europe Debt Crisis | featured news

Greek PM vows to stay, lead exit from debit crisis

Prime Minister George Papandreou has vowed to stay on and fight to pull his country out of a crippling debt crisis, facing down a revolt in his Socialist party over new but widely unpopular austerity measures....

 

Portugal starts bailout talks; deal seen

Portugal launched talks on Tuesday with European authorities and the IMF on a bailout the caretaker government said it needs to pay the country's dues from June, as politicians jostled ahead of a general election.

 

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.

 

Dow falls over 200 points on Asia, Euro fear

Dow falls over 200 points on Asia, Euro fear

Wall Street tumbled Tuesday, with the Dow down over 200 points, following new worries about rising inflation in Asia and the possibility Ireland might need a bailout.

Senh: In the U.S., we bailout banks. In Europe, they bailout countries.

 

Wall Street surges on European rescue plan

European leaders agree to a nearly $1 trillion rescue plan to avoid a major debt crisis; Federal Reserve says it will also provide loans overseas.

 

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