9 March 2010, 7:25 am
Tuesday, March 9, 2010 at 5:28 a.m. LUXEMBOURG - German Chancellor Angela Merkel said Tuesday that a European monetary fund to bail out eurozone nations in need would send a clear signal to markets speculating on the possible break-up of Europe's currency union.... Read More »
7 March 2010, 12:46 pm
French President Nicolas Sarkozy promised Greece on Sunday that euro zone countries would help it overcome its financial problems and vowed a crackdown on financial speculators Athens blames for its woes.... Read More »
6 March 2010, 7:23 pm
European foreign ministers on Saturday gave a show of support for beleaguered EU foreign affairs chief Catherine Ashton, hoping to move forward with the building of a new diplomatic service.... Read More »
5 March 2010, 7:03 pm
German Chancellor Angela Merkel on Friday avoided giving debt-plagued Greece a commitment of financial assistance, as Athens was rattled by more strikes and violent protests by unions outraged by harsh economic austerity measures.... Read More »
4 March 2010, 6:50 pm
Greece's prime minister, seeking a concrete pledge of European support to ease his country's debt crisis, will meet Friday with a top European Union finance official and German Chancellor Angela Merkel.... Read More »
3 March 2010, 8:52 am
The European Commission said Wednesday that it will call in market regulators and banks to discuss possible problems with the market for credit default swaps on sovereign debt.... Read More »
2 March 2010, 1:57 pm
Photograph: Louisa Gouliamaki/AFP/Getty Images Piling the pressure on Greece to put its economic house in order, the EU monetary affairs commissioner, Olli Rehn, flew into Athens today amid speculation that eurozone officials are crafting a A 25bn rescue package for the country.... Read More »
28 February 2010, 1:37 pm
THE dollar opened higher today as positive sentiment carried into domestic trade after rumours of a bail out for Greece on Friday.... Read More »
28 February 2010, 9:12 am
European Union governments are piecing together a possible rescue package for Greece as they demand it first intensifies efforts to slash the bloca s biggest budget deficit.... Read More »
27 February 2010, 3:44 pm
Greece must take further measures to reduce the deficit or it will face sanctions, Eurogroup chairman Jean-Claude Juncker was quoted as saying by a Greek newspaper.... Read More »
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