Eurozone

The European Commission is not working on any contingency plans should Greece leave the Eurozone, a spokesperson for the Commission said on Friday. “We completely deny that we are working on any such emergency plans,” the spokesperson told Market News...

The head of the International Monetary Fund on Tuesday raised the possibility that Greece could leave the eurozone in an orderly fashion. "If the country's budgetary commitments are not honored, there are appropriate revisions to do, which means either supplementary...

Despite the fact that it is impossible to predict how soon the votes will result in changes in actual policy, May 6 was a good start for Greeks, for the French and for all the European people to be...

Greece's economic problems may be having a negative impact across much of Europe, but one country could be benefiting from its troubles, CNN writes. Greek investors are said to be jumping across their neighboring border to Bulgaria, money in hand. "It's...

ATHENS – After imposing mandatory losses of up to 74 percent on its own banks, Greece is ready to give it all back through a plan to recapitalize them with $64.4 billion, a bailout paid for by the taxpayers....

ATHENS - With only three weeks to woo voters before the May 6 election, Greece's political parties will try to rally support beginning this week in a campaign to elect a new Prime Minister and government amid rising anger...

So far, Germany has gained 400 million euros from the Greek crisis, Evangelos Venizelos said today in an interview for the weekly Der Spiegel. Up to now Venizelos said,  the German goverment  borrows money "for almost free" and then lends...

Greece has a chance to weather its crisis after the eurozone and private creditors agreed to restructure its debt, but has “a long way to go,” German Chancellor Angela Merkel told a Czech daily Saturday. “Greece has a chance now...

In this period of crisis, particularly in Greece, the news that 240 million euros have ''disappeared'' may seem incredible. In fact, the equivalent of this sum in the old currency, 82 billion drachmas, were never exchanged for the new...

Greece is "more than halfway" to economic recovery and should return to positive growth in less than two years, Greek Prime Minister Lucas Papademos told the Financial Times. In an interview published online Sunday evening, Papademos conceded that the fiscal...