New Greek Bailout

The German parliament approved a second, euro130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy. Although the motion was always expected to...

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...