Bailout, but no reform, for indebted power distributors
Government is set to offer a bailout to its cash-strapped power distributors that would help restructure more than $35 billion in debt but do little to reform a sector whose dysfunction has exacerbate
Moody's lowers outlook on EU's bailout fund EFSF
Ratings agency Moody's on Tuesday lowered the outlook on the EU's bailout fund from stable to negative, after threatening the triple-A credit ratings of three of the eurozone's major guarantors.
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Spain bailout fears peak after black Friday
A eurozone bailout for Spain's banks and a tough batch of pay cuts and tax hikes have not been enough to save the country from the risk of a full-blown bailout, analysts warn.
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ECB turns screws on Greece, stops accepting collateral
The European Central Bank turned up the heat on Greece on Friday ahead of a review of its bailout programme, saying it would stop accepting Greek bonds and other collateral used by Greek banks to tap ECB funding, at least until after the review.
India may not inject $10 billion into IMF bailout fund immediately
India may not be called upon to inject USD 10 billion (Rs 55,000 crore) it has committed to the IMF for bailing out debt-wrecked eurozone if the global economic situation improves.
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Greece must stick to bailout terms: Lagarde
Political leaders in Greece need to show the resolve to stay in the eurozone, which will require Athens to stick to the terms of its rescue package, International Monetary Fund managing director Chris
Greece faces fresh poll threat as coalition talks flounder
Greece on Monday faced the prospect of fresh polls after political parties failed to narrow divisions over a painful EU-IMF bailout deal, with few expecting progress at talks to form a government.
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Greek parliament ratifies multi-billion bailout
The Greek parliament formally ratified early on Wednesday a second eurozone bailout scheme worth up to 130 billion euros ($170 billion) to save it from defaulting on its national debts.
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Greece averts immediate default, markets sceptical
Greece averted the immediate threat of an uncontrolled default on Friday when a sufficient number of private creditors agreed on a bond swap deal that will cut the country's public debt and clear the
Eurozone finance ministers release 35 billion euro for Greece
Eurozone finance ministers have released 35 billion euro from the second bailout package for debt-ridden Greece shortly after the government in Athens reached a landmark deal with private creditors on