Greece Still Seeking Concessions After Bailout Extension
While markets rose on the news that Greece's bailout was extended for four months, investors aren’t comfortable that they’ll come out of it unscathed.
Spain Could Follow Greece Down Anti-Austerity Trail
As Greece dukes it out with the E.U. over ending the bailout and its attendant austerity measures, Spain is no doubt watching very carefully.
Is Greece Teetering on the Brink of Financial Disaster Again?
Snap elections on Jan. 25 could have a profound impact on the Greek economy, and, more broadly, on the EU.
Greece Forms New Government
On Wednesday Greece managed to agree in principle to form a conservative coalition government, with three pro-bailout parties agreeing to cooperate and giving the coalition a majority of 179 seats.
G-20 Boosts IMF Firewall, Pressures Germany
At the summit meeting of G-20 leaders in Los Cabos, Mexico, the focus was on strengthening the firewall of the IMF and pushing Germany to relent on pooled debt and increasing deficit spending.
Pro-Bailout Party Wins Greek Election
Voters in Greece on Sunday let the world know that they were not quite ready to depart the euro.
Spain, Cyprus Downgraded
Moody's cut the ratings of Spain and Cyprus on Wednesday. Bond yields topped 7% for Spain, and in Italy’s first bond sale since Spain’s bailout yields surged.
Southern Eurozone’s Woes Simmer On
Despite a weekend bailout for Spain’s banking sector that was meant to reassure investors, markets continued to punish the southern eurozone.
Papandreou Says Greece Will Stay in Eurozone
Papandreou, the former Greek prime minister, said the country has “a few weeks” before its government runs out of money and that this is a “make-or-break” period.
Spain Accepts Bailout
Spain accepted a bailout Saturday for its financial sector, and Italy stepped up into the spotlight over concerns that it may be the next country to request aid.