Deadline for Greek Bailout Agreement Set for Monday
Eurozone finance ministers intend to polish up an agreement to grant Greece a second bailout package in the hope that it will forestall the debt crisis and reassure markets.
Portugal Suffers Ratings Cuts, but Not Expected to Seek Bailout
The same day that Portugal's prime minister resigned, Fitch on Thursday cut the nation’s credit rating by two notches, and S&P followed on Friday with a two-notch ratings cut.
Euro Zone Chairman Pushes Debt Buy-Back
Jean-Claude Junker, chairman of euro zone finance ministers, has said in an interview in German magazine Der Spiegel that European leaders should consider a proposal to buy back the bonds of debt-ridden euro zone countries.
Euro Zone Ministers Take No Crisis or Budget Action
After five hours of talks, euro zone ministers decided to take no new action regarding the debt crisis, despite indications to the contrary earlier Monday.