Europe Debt Crisis, Greece Debt Crisis | featured news

Rescue Measures for Greece Advance as French Offer to Ease Debt

Under the plan, French banks would give Athens more time to pay back loans as they come due over the next three years.

 

Greece Secures Second Bailout

Greece Secures Second Bailout

Greece has secured a second bailout from the European Union and the International Monetary Fund, and it too will be on the order of €110 billion, Prime Minister George Papandreou said.

 

Some Greeks Fear Government Is Selling Nation

The crown jewels of Greece’s socialist state are now likely to go to the highest bidder.

 

Greek Banks Feel Hostage to Debt Crisis

Unlike their government, Greek banks were seen as well-managed and prudent before the crisis. Now they are struggling to find funding.

 

Eurozone delays decision on vital Greek loans

Eurozone delays decision on vital Greek loans

Hours of talks between eurozone finance ministers on the imploding finances of Greece broke up early Monday morning without the ministers signing off on a vital installment of rescue loans needed to avoid bankruptcy next month.

 

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