Greece has failed to repay €1.6 billion loan to the International Monetary Fund (IMF), hours after eurozone ministers refused to…
Greece is hopeful that Eurozone ministers will recognize the fiscal progress it has made. Eurozone finance ministers are meeting in…
Portugal's central bank has announced a plan to rescue Banco Espirito Santo (BES). The group will be split into two…
The IMF has approved a $17.1 billion bailout for Ukraine to help the country's beleaguered economy. The loan comes amid…
Panicos Demetriades - the governor of Cyprus central bank - has resigned after reportedly experienced difficulties with the government and…
Cyprus' parliament rejected a key part of the country’s bailout plan. As part of the 10 billion-euro ($13.7 billion) deal…
Ireland is to make a clean break from its 3-year 85 billion euro bailout programme in December, without seeking precautionary…
Greek Finance Minister Yannis Stournaras has said the country may need a third bailout but would not accept new austerity…
The International Monetary Fund has admitted that it made mistakes in handling Greece's first international bailout. The IMF said it…
Portugal plans to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as…
Cypriot President Nicos Anastasiades has announced he will appeal for extra assistance from the EU after it emerged yesterday that…
Eurozone finance ministers meet in Dublin on Friday to finalize Cyprus bailout amid news that the country needs much more money…
According to a draft document prepared by Cyprus' creditors, the cost of the bailout for the country has increased to…
Cyprus has decided to sell off much of its gold reserves to help finance part of its bailout. An assessment…
Portugal's PM Pedro Passos Coelho has said a court ruling striking down parts of his government's budget means it will…
Investigators have found that some key data about bond purchases by Bank of Cyprus is missing. According to Cypriot media,…
ECB President Mario Draghi has said the initial plan to make small savers pay for the Cyprus bailout was "not…
Cyprus has officially agreed to a set of measures that will release a 10 billion-euro ($12.8 billion) IMF-EU bailout. The…
The Central Bank of Cyprus has decided to ease some of the restrictions imposed as the country's banks reopened, following…
Cyprus President Nicos Anastasiades says his country has no intention of the leaving the European single currency. Nicos Anastasiades said:…
Cyprus banks are to reopen on Thursday at 12:00 p.m. local time, two weeks after they closed to prevent a…
Cypriot Finance Minister Michalis Sarris has confirmed that the depositors with less than 100,000 euros in their accounts "will not…
Cyprus banks are to reopen on Tuesday, March 26, although the two at the centre of the crisis, Bank of…
European and US stock markets have fallen again after the head of Eurogroup suggested that the Cyprus model, which involves…
Asian markets and the euro have risen after EU officials agreed a bailout deal for Cyprus, easing fears that the…