Eurogroup

Eurozone finance ministers gave their final approval to a second bailout for Greece today and turned their fire on Spain, demanding it aim for a tougher deficit target this year to get back on track in 2013. Greece, the source...

Moody's Investors Service on Friday has downgraded Greece's local- and foreign-currency bond ratings to C from Ca and has not assigned an outlook to the ratings citing recently announced debt exchange proposals. Greece is facing this latest round of downgrade...

Greece and its creditors have reached a final deal on a second, enhanced rescue package for the country totalling EUR130 billion, officials close to the talks said early Tuesday. Officials said the deal will require Greece's private creditors to take...

Eurozone finance ministers are leaning towards approving the new $171-billion bailout for Greece. The second bailout for debt-laden country would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy. French Finance Minister Francois Baroin said...

The leaders of Germany, Italy and Greece are "optimistic" that a deal on a second massive bailout for Athens can be clinched next week, a spokesman for German Chancellor Angela Merkel said Friday. Agreement on a second, €130 billion ($170...

The statement of the Greek Minister of Citizen Protection was cited by the BBC online edition in the title of its main article on the Greek situation, which read “Greece can’t take any more cuts”. According to the Greek Minister,...

Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform. A source familiar with negotiations on Greece's...

Greece's bid for a new bailout got close inspection on Tuesday from euro zone officials poring over the details of Athens' budget to decide whether it has met conditions to get the money. Even if it passes muster, the second...

The vote by Greece΄s parliament late Sunday in favor of additional austerity measures was a "crucial step" toward winning a second bailout program from its European partners and the International Monetary Fund, European economics affairs Commissioner Olli Rehn said...

Eurozone finance ministers warned Greece on Thursday that they are not yet ready to unlock a new debt bailout despite an agreement between Greek political leaders on new austerity cuts. Luxembourg prime minister, Jean-Claude Juncker, arriving to chair Brussels talks...