Debt Crisis



Spanish bank shares suspended

Spanish bank shares suspended

25 May 2012, 19:23 PM

Europe | Spain's stock market suspended trade in Bankia's plunging shares as news reports said the struggling lender may seek up to 20 billion euros from the state to stay afloat. Read more

Could the 'Geuro' currency save Greece?

Could the 'Geuro' currency save Greece?

25 May 2012, 11:57 AM

Europe | Greece's best chance for survival could be adopting a parallel currency, the 'Geuro', a high-profile German economist has proposed.
Read more

EU 'wants Greece to stay in eurozone'

EU 'wants Greece to stay in eurozone'

24 May 2012, 11:09 AM

Europe | European Union president Herman Van Rompuy said that EU leaders wanted Greece to remain in the eurozone, but stressed that it must live up to its reform promises.
Read more

Greek banks get $23 billion from bailout

Greek banks get $23 billion from bailout

24 May 2012, 7:34 AM

Europe | Four leading Greek banks will receive a $23 billion capital injection to boost their liquidity levels, a key element of Greece's second bailout deal. Read more

Hollande wants Greece to stay in euro

Hollande wants Greece to stay in euro

23 May 2012, 23:13 PM

The new President of France, Francois Hollande, says he will do all in his power to ensure Greece stays in the euro. Read more

IMF urges UK to boost economy

IMF urges UK to boost economy

23 May 2012, 9:28 AM

Europe | The IMF urged the Bank of England to cut interest rates and pump more cash into the recession-hit economy, which has been hit hard by the debt crisis in major trading partner the eurozone. Read more

OECD warns of 'severe' risk in eurozone

OECD warns of 'severe' risk in eurozone

22 May 2012, 18:29 PM

Europe | EU is heading for international economic body's worst-case scenaria and should "act quickly" to stop its slowdown from spilling into the global economy. Read more

Greece must stay in Euro: ECB

Greece must stay in Euro: ECB

21 May 2012, 19:56 PM

Europe | The European Central Bank's "plan A" is for Greece to remain in the single currency and that is the only scenario the central bank is working on, a top ECB official said.
 
Read more

Spain says economy to shrink again

Spain says economy to shrink again

21 May 2012, 18:01 PM

Europe | Spain's recession-bound economy will shrink again in the second quarter of the year, Economy Minister Luis de Guindos has predicted. Read more

Greeks want to stay in eurozone, Monti says

Greeks want to stay in eurozone, Monti says

21 May 2012, 10:47 AM

Europe | Italian Prime Minister Mario Monti said he was convinced that Greeks want to stay in the euro but the crisis had shown that more European Central Bank involvement was likely needed. Read more

Obama sees 'emerging consensus' on crisis

Obama sees 'emerging consensus' on crisis

20 May 2012, 18:10 PM

Americas | US President Barack Obama has played international host as Europe's debt crisis threatens to drag down the US recovery and his own political future. Read more

Obama backs Merkel on austerity drive

Obama backs Merkel on austerity drive

20 May 2012, 15:15 PM

Americas | US President Barack Obama and German Chancellor Angela Merkel have agreed the eurozone should not abandon fiscal reforms even as it pursues measures to revive growth, the White House said.

 Read more

G8 leaders to focus on debt crisis

G8 leaders to focus on debt crisis

19 May 2012, 17:10 PM

North America | Leaders of the world's most powerful nations will focus their attention on Europe's economic woes. Read more

Greek, Spanish crises deepen

Greek, Spanish crises deepen

18 May 2012, 20:36 PM

Europe | Spain's banks fell deeper into a loans crisis and Greece tottered closer to bankruptcy as markets swung wildly ahead of a Camp David summit to prevent a eurozone catastrophe.
Read more

PM talks positive amid global market rout

PM talks positive amid global market rout

18 May 2012, 17:55 PM

Australia | Prime Minister Julia Gillard talked up the virtues of the Australian economy as global markets slumped on growing fears over Europe. Read more

Moody's downgrades 16 Spanish banks

Moody's downgrades 16 Spanish banks

18 May 2012, 12:50 PM

Europe | Moody's cut the debt ratings of 16 Spanish banks by one to three notches, citing the effects of the ongoing recession and the Spanish government's own reduced creditworthiness.
Read more

UK urges action to resolve euro crisis

UK urges action to resolve euro crisis

18 May 2012, 7:53 AM

Europe | The British prime minister has urged Europe to sort out its currency crisis or risk the collapse of the eurozone. Read more

Fitch downgrades debt-crippled Greece

Fitch downgrades debt-crippled Greece

18 May 2012, 6:45 AM

Europe | Ratings agency Fitch has further downgraded debt-crippled Greece, warning of its exit from the eurozone if elections produce an anti-bailout government. Read more