bailout

Cyprus bailout deal agreed by Eurogroup with Laiki Bank to be wound down

Eurogroup have agreed a deal on a 10 billion-euro bailout for Cyprus to prevent its banking system collapsing and keep…

12 years ago

Cyprus crisis: Nicos Anastasiades bailout talks with troika leaders delay Eurogroup meeting in Brussels

A key meeting of Eurogroup (eurozone finance ministers) to finalize a crucial bailout for Cyprus has been delayed as talks…

12 years ago

Cyprus makes significant progress in bailout talks with EU and IMF

Cyprus’ Finance Minister Michael Sarris has announced the country has made "significant progress" in talks with the EU and IMF…

12 years ago

Cyprus parliament continues bailout talks after passing banking reforms

Cyprus parliament has voted to restructure the island's banks, set up a "national solidarity fund", and establish capital controls to…

12 years ago

Angela Merkel warns Cyprus not to exhaust eurozone patience

Germany and EU leading bankers have urged the Cypriot parliament to quickly find a way of raising the 5.8 billion…

12 years ago

Cyprus banks closed until March 21st

Cyprus’ central bank has announced that the nation's banks will stay closed until Thursday, March 21, as fears mount of…

12 years ago

Cyprus parliament vote on bailout deal delayed until Tuesday

Cyprus' parliament vote on bailout deal that has sparked huge public anger has been delayed until Tuesday. President Nicos Anastasiades…

12 years ago

Asian and European markets fall after Cyprus bailout deal

European markets follow Asian shares downward on fears that the plan to bailout Cyprus could trigger an escalation of the…

12 years ago

President Nicos Anastasiades defends Cyprus bailout deal amid mass public anger

Cyprus’ President Nicos Anastasiades has said a big bailout, which has provoked mass public anger, was needed to avoid a…

12 years ago

Greek parliament approves new tax increases

The Greek parliament has approved a series of unpopular tax rises aimed at boosting revenue in line with Athens' commitments…

12 years ago

S&P increases Greece’s rating from selective default to B-minus

Standard and Poor's has raised the credit rating of Greece's sovereign debt by six levels, praising the "strong determination" of…

12 years ago

Eurozone deal on Greece bailout

Eurozone finance ministers and the IMF have agreed on a deal on emergency bailout for debt-laden Greece. They have agreed…

12 years ago

Angela Merkel pledges Germany’s continuing support for Greece during Athens visit

Chancellor Angela Merkel has pledged Germany's continuing support to Greece, during her first visit to Athens since the eurozone crisis…

12 years ago

Greece’s governing coalition reaches basic agreement on the austerity package for 2013-2014

Greece’s finance minister Yannis Stournaras says the three parties in the country's governing coalition have reached a "basic agreement" on…

12 years ago

Spain 2013 austerity budget to be set out today

Spain will set out today its austerity budget for 2013, against a backdrop of a deteriorating economy and 25% unemployment…

12 years ago

Greece: police fire tear gas and arrest dozens of protesters during one-day strike in Athens

Police have fired tear gas in Greece to disperse anarchists throwing petrol bombs near parliament in Athens. Dozens were arrested…

12 years ago

Greece: trade unions begin anti-austerity general strike

Greek trade unions have begun the first general strike since the country's conservative-led coalition government came to power in June.…

12 years ago

Occupy Congress: police fire rubber bullets and baton-charge at Madrid rally

Police have fired rubber bullets and baton-charged Spanish protesters attending a rally against austerity in Madrid. The clashes occurred as…

12 years ago

Occupy Congress: Spanish parliament ringed by riot police ahead of austerity march

Riot police have ringed the Spanish parliament in Madrid as protesters gather for a march against austerity tagged "Occupy Congress".…

12 years ago

Portugal backs down on tax rise

The centre-right government in Portugal has agreed to look for alternatives to a social security tax rise a week after…

12 years ago

German Constitutional Court decides whether ESM bailout fund is legal

Germany's top court in Karlsruhe is about to deliver its verdict on whether the ongoing attempts to contain the eurozone…

12 years ago

Mario Draghi unveils European Central Bank’s bond-buying euro debt plan

European Central Bank’s president, Mario Draghi, has unveiled details of a new bond-buying plan aimed at easing the eurozone's debt…

12 years ago

Antonis Samaras and Francois Hollande to hold key Paris talk on Greece bailout

Greece’s Prime Minister Antonis Samaras is expected to repeat his plea for more time to implement reforms when he meets…

12 years ago

Angela Merkel and Francois Hollande in Greece extension talks

German Chancellor Angela Merkel and French President Francois Hollande are set to hold talks in Berlin on whether to give…

12 years ago

Greece asks for more time to implement tough spending cuts and reforms

Greek Prime Minister, Antonis Samaras, has called for more time to implement tough spending cuts and reforms, ahead of talks…

12 years ago