site.news_by_theme eurozone
Greece launches bond buyback programme
Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.
05 December 2012
EU ministers agree significant debt relief deal for Greece
Greece won breathing space Tuesday with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will need to be written off down the line.
27 November 2012
New eurozone talks to save Greece from financial collapse
Eurozone finance ministers meet in Brussels Monday for the third time in two weeks for talks on unlocking the next slice of aid to debt-crippled Greece, which is in danger of running out of money.
26 November 2012
Oil prices ease in Asia on Gaza truce, eurozone data
Oil prices fell in Asia Friday in thin trade following the US Thanksgiving holiday, with a truce in Gaza and gloomy eurozone manufacturing data weighing on buying sentiment.
23 November 2012
Euro weakens as eurozone fails to agree Greek deal
The euro fell in Asian trade on Wednesday and shares eased after eurozone finance chiefs said they had failed to agree on a deal to unlock the latest batch of crucial bailout cash for Greece.
22 November 2012
Spain blocks ECB nominee as gender row deepens
Spain blocked Monday the appointment of another man to the all-male ECB's executive board but a source said Madrid's decision was motivated by a desire to regain influence at the top of the eurozone's central bank.
06 November 2012
Hollande discusses debt crisis with top global heads
French President Francois Hollande holds talks on Monday with the heads of the World Bank and other top economic bodies to discuss the eurozone debt crisis and ways to kickstart growth.
29 October 2012
Eurozone divorce would 'kill the kids': Polish central banker
The debt-ravaged eurozone is in trouble but every effort must be made to keep this currency marriage intact because a divorce would end up "killing the kids.
27 October 2012
Eurozone leaders see 'good progress' in Greece: statement
Eurozone leaders on Friday hailed Greece's achievements in carrying out reforms aimed at getting its economy back on track and urged Athens to keep up efforts to stay in the eurozone.
20 October 2012
As euro-tension eases, EU summit mulls eurozone redesign
EU leaders will go into a brainstorming session Thursday in the first of three summits being held before Christmas in the hope of ending the year with a deal on a stronger economic and monetary union.
18 October 2012
EU's Van Rompuy details eurozone budget rationale
EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.
14 October 2012
Spain, France vow action on eurozone crisis
The leaders of France and Spain vowed concerted action on the eurozone as they met on Wednesday amid IMF calls for new measures to control the debt crisis threatening the global economy.
12 October 2012
Merkel's Athens visit chance to ease tension
German Chancellor Angela Merkel's visit Tuesday to debt-strapped Greece may provide a chance to ease tensions born of the economic crisis.
10 October 2012
IMF cuts global forecast, says risks rising
The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.
10 October 2012
Slovak PM says eurozone will not survive in current form
The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
01 October 2012
Deficit-cutting French budget to test Hollande credibility
France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.
27 September 2012
Moody's holds Spain rating pending eurozone moves
Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
01 September 2012
Merkel: 'every day' counts for Greece's austerity steps
German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
28 August 2012
Greek PM in crisis talks with Merkel
Greece's prime minister was expected to press for more time to make key reforms and spending cuts to keep his debt-wracked country in the eurozone at crisis talks Friday with Chancellor Angela Merkel.
24 August 2012
Greek euro exit 'manageable' but expensive: ECB
A Greek exit from the eurozone would be "manageable" even if it would be expensive and result in higher unemployment.
20 August 2012