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 16:01
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 15:48
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 14:21
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 12:10
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.
