Overseas Tax Havens Under the Microscope as Governments Call for Tighter Regulations
Demands for tighter regulations and more transparency could change the way countries—and companies—do business.
Cut Greece Some Slack: Creditor Group
The catch, the group's managing director says, is that leniency should be granted only after Greece has managed to deliver on the requirements already in place for it to get its bailout.
Spain Hesitates on Aid as European Finance Ministers Meet
Prime Minister Mariano Rajoy of Spain continued to hold off in requesting a bailout for the country’s banks, citing lower interest rates in the wake of the ECB's decision to commit to unlimited bond purchases.
Italy Next, Austrian Minister Says
Mere days after Spain received a bailout deal, wary investors and some eurozone officials turned their attention to Italy, proving that contagion fears are far from soothed.
Bundesbank Warns Greece as E.U. Leaders Meet
Germany’s Bundesbank warned Greece on Wednesday that if it failed to carry through with reforms it had previously agreed to, it would jeopardize any further aid funds.
Euro Zone Agrees on Firewall
The temporary European Financial Stability Facility and permanent European Stability Mechanism will be combined for a year, for a total of 940 billion euros. But that figure seems to include money already spent.
Greek-German Relations Strained in Debt Negotiations
Germany's get-tough attitude toward Greece, echoed by Austria, Finland and the Netherlands, has angered Greek officials who say they have done everything they were asked to do in order to be granted a second bailout by the troika of the European Union, International Monetary Fund and European Central Bank.
Finland to Greece: No Collateral, No Bailout
Finland’s Prime Minister Jyrki Katainen said Wednesday Helsinki may opt out of its share of a second rescue package for Greece if it is denied collateral on the money.
Eurozone Squabbles Over Greek Rescue
Eurozone nations weighed in on the Greek financial crisis as the International Monetary Fund (IMF) and European Central Bank (ECB) rejected the involvement of private creditors, lest ratings agencies see their cooperation as coerced and term the measure a default.