Eurozone, Eurozone Bailout | featured news

China to Contribute to Europe Rescue

China is keen to contribute to a fund to bail out the euro zone, its trade minister said, underscoring the Asian powerhouse's growing interest in playing a bigger role in the global economy as its financial strength grows.

 

Some say Greek debt deal will make things worse

Latest austerity cuts approved as 100,000 take to the streets in protest; 93 buildings damaged in Athens.

 

Greece Cabinet OK's austerity plan

Greece

Greece's Cabinet approved austerity measures demanded in return for a new eurozone bailout of the debt-stricken country Saturday, a day ahead of a crucial vote in Parliament.

 

Wall Street jumps at open on Europe deal

Stocks jumped more than 2 percent at the open on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Senh: Good to hear that European leaders finally came together and signed off on a plan to rescue troubled nations in the eurozone.

 

Europe Struggles for Remedy to Euro-Zone Crisis as 'Final Package' Fizzles

Europe Struggles for Remedy to Euro-Zone Crisis as 'Final Package' Fizzles

European leaders “have risen to the challenge,” German Chancellor Angela Merkel said. French President Nicolas Sarkozy proclaimed their July 21 summit a “historic turning point” and Luxembourg Prime Minister Jean- Claude Juncker called it the “final package, of course,” to extinguish the debt inferno. Then they went on vacation. Before they returned to work, the deal fizzled.

 

Sarkozy yields on ECB crisis role, pressure on Italy

Sarkozy yields on ECB crisis role, pressure on Italy

European Union leaders made some progress toward a strategy to fight the euro zone's sovereign debt crisis on Sunday, nearing agreement on bank recapitalization and on how to leverage their rescue fund to try to stop bond market contagion.

 

Official: EU banks have to raise $140 billion

Official: EU banks have to raise $140 billion

A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece's debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds.

 

Slovakia Approves Expanded Eurozone Bailout Fund

Slovakian lawmakers on Thursday approved expanding the size and powers of the EU bailout fund, overcoming an earlier rejection and removing the last hurdle to the fund's use as the continent's main weapon against the debt crisis.

 

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