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EU on verge of bridging pre-summit gulf on banks watchdog
EU on verge of bridging pre-summit gulf on banks watchdog

European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone bank, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.

EU on verge of bridging pre-summit gulf on banks watchdog
Impoverished Greek families facing uncertain future
Impoverished Greek families facing uncertain future

Blue-eyed Angelina had the misfortune of being born in Greece in 2010, just as the country became engulfed by an economic crisis that has deprived her parents, like so many Greeks.

Impoverished Greek families facing uncertain future
Greece launches bond buyback programme
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.

Greece launches bond buyback programme
Photo courtesy uf brokebuying.com
IIF says Greek debt buyback must be 'voluntary'

A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."

IIF says Greek debt buyback must be 'voluntary'
Photo courtesy of pygmi.gr
Euro slips after buying on Greek rescue fizzles

The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece's bailout deal fizzled owing to lingering concerns over Europe's sovereign debt problems.

Euro slips after buying on Greek rescue fizzles
EU ministers agree significant debt relief deal for Greece
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.

EU ministers agree significant debt relief deal for Greece
New eurozone talks to save Greece from financial collapse
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.

New eurozone talks to save Greece from financial collapse
©REUTERS
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.

Euro weakens as eurozone fails to agree Greek deal
Greece eyes fresh bailout funds after budget passed
Greece eyes fresh bailout funds after budget passed

The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.

Greece eyes fresh bailout funds after budget passed
Greek lawmakers to vote on austerity amid strikes
Greek lawmakers to vote on austerity amid strikes

Greek lawmakers vote Wednesday on austerity measures needed to unlock international aid and stave off bankruptcy despite strikes and public anger against billions more euros in tax hikes and pension cuts.

Greek lawmakers to vote on austerity amid strikes
Football: Austerity bites for Greek football
Football: Austerity bites for Greek football

New austerity measures to be voted on by Greek lawmakers on Wednesday are expected to deal a further financial blow the country's football teams as fans find it increasingly difficult to pay for tickets.

Football: Austerity bites for Greek football
Athens to get two more years to meet deficit target: report
Athens to get two more years to meet deficit target: report

The Greek government will get a grace period of an extra two years to rein in its runaway public debt.

Athens to get two more years to meet deficit target: report
Eurozone leaders see 'good progress' in Greece: statement
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.

Eurozone leaders see 'good progress' in Greece: statement
Greece eyes simplification of visa procedures for Kazakhstan
Greece eyes simplification of visa procedures for Kazakhstan

Simplification of visa procedures for Kazakhstan citizens is discussed in Athens.

Greece eyes simplification of visa procedures for Kazakhstan
Photo courtesy of gbj.com
Unemployment 30 mn higher than before crisis: ILO

There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said.

Unemployment 30 mn higher than before crisis: ILO
IMF wants to give Greece two more years
IMF wants to give Greece two more years

The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.

IMF wants to give Greece two more years
Merkel's Athens visit chance to ease tension
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.

Merkel's Athens visit chance to ease tension
Slovakia's Prime Minister Robert Fico. ©REUTERS
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.

Slovak PM says eurozone will not survive in current form
Greek PM stresses urgency of austerity deal
Greek PM stresses urgency of austerity deal

Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.

Greek PM stresses urgency of austerity deal
Greek prisons groaning under austerity cuts
Greek prisons groaning under austerity cuts

Austerity cuts imposed in Greece have created an explosive situation in the country's overcrowded prisons, where sanitation and food services are in disarray, insiders warn.

Greek prisons groaning under austerity cuts