EU seals bad loans accord with ItalyItaly and the European Union on Tuesday reached agreement on creating a guarantee vehicle to help Italian banks sell bad loans.
27 January 2016
Moscovici confident of 'compromise' with Greece on remaining reformsThe EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.
04 November 2015
Russia to open $5 bn Iran credit line: TehranRussia plans to open a $5 billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said during a visit by Moscow's energy minister.
23 October 2015
S&P upgrades Ukraine from 'selective default'Standard and Poor's upgraded Ukraine's credit rating from "selective default" thanks to the cash-strapped former Soviet country's ability to strike a major debt write-restructuring deal.
20 October 2015
Moody's downgrades France rating citing slow growthMoody's cut France's sovereign debt rating one notch to Aa2, saying the country will struggle with slow growth and a high debt burden for the next five years.
Greece vote set for Sept 20 as Syriza takes poll leadGreece geared up for a snap election next month, with an opinion poll showing the leftist party Syriza ahead despite a wave of defections over the country's massive new bailout.
Spanish parliament approves new Greece bailoutSpanish lawmakers overwhelming approved Greece's third bailout package following a debate in parliament which the ruling party used to defend its economic record.
IMF, EU pour cold water on Greek debt deal hopesGreece's creditors piled pressure on cash-strapped Athens as the IMF pulled its team out of talks and the EU warned Athens to stop gambling with the possibility of default.
IMF says Greece may need debt reliefThe International Monetary Fund said that Greece may need debt relief but rejected news reports that it had pushed for it at a eurozone meeting last month.