Juncker to Step Down as Head of Eurogroup
Jean-Claude Juncker, prime minister of Luxembourg and head of the Eurogroup assembly of euro zone finance ministers, confirmed that he will step down in the middle of the year from the post he has held for seven years.
Greek Bailout Set for Approval
Euro area finance ministers gathered Monday to approve a second bailout for Greece after the country won approval from private bondholders to cut its debt.
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.
Greece Adopts Austerity Plan
As Athens burned, the Greek Parliament approved a new budget cuts aimed at getting international relief for its debt.
S&P Cuts EFSF Rating
Standard & Poor's followed up its mass cuts to the credit ratings of eurozone countries on Friday with a cut in the credit rating of the European Financial Stability Facility on Monday. EFSF officials said that nonetheless the facility was well enough funded to cope with the eurozone debt...
IMF May Miss Target for Eurozone Fund
Britain's decision not to contribute to the IMF's bailout fund for the eurozone casts doubt that the rescue plan will work.
Germany, France Look for Deeper Ties to Fix Economy
As the eurozone crisis escalates, Germany and France are discussing radical methods of coping via deeper fiscal ties among eurozone nations—even if it means not working through existing treaties.
Germany, Netherlands to Greece: Shape Up or Ship Out
When it comes to money, Germany and the Netherlands aren’t kidding. Both nations are out of patience with Greece, although the message is divided, and both are beginning to talk about Athens being compelled to exit the euro zone.
Germany Puts Greek Debt Restructuring on Table
In a letter to European Union (EU) nations, German Finance Minister Wolfgang Schaeuble urged countries to make private bondholders contribute to Greece's impending debt relief arrangement.
Spain, Italy Sell Bonds to Strong Demand
Apparent confidence in the ability of the euro zone to combat its ongoing debt crisis marked the first auction for the year of Spanish and Italian bonds on Thursday.