ATHENS, Greece — Greece and investors who have bought its bonds have reached a tentative deal to significantly reduce the country’s debt and pave the way for it to receive a much-needed (euro) 130 billion bailout.
PARIS — Amid a wave of criticism, Standard & Poor’s defended its decision to downgrade nine European countries and insisted Saturday that the region’s leaders aren’t doing enough to solve their debt crises.
Last updated Wednesday, November 16, 2011 - 8:29am
MADRID — Another troubled European government will almost surely tumble this weekend as Spanish voters braving sky-high unemployment, the sting of austerity, piles of debt and a bleak future are expected to dump the ruling Socialists and hand their national mess to opposition conservatives.
Last updated Wednesday, November 16, 2011 - 8:23am
ROME — Economist Mario Monti announced Wednesday he has formed a new Italian government, opting to put technocrats instead of bickering politicians in his cabinet to enact reforms that can save the country from financial disaster.
ROME — Silvio Berlusconi’s main coalition ally urged the Italian premier to step aside Tuesday as political uncertainty in the eurozone’s third-largest economy rocked financial markets for yet another day.
ATHENS, Greece — Greece’s prime minister struggled Saturday to form a temporary coalition government in the near-bankrupt country, extending a political deadlock threatening billions in international rescue funds.
NORTH CONWAY, N.H. — Republican presidential hopeful Michele Bachmann said Sunday that her unsuccessful fight against raising the federal debt ceiling kept her away from New Hampshire for nearly four months, but she’s still committed to winning over voters in the key early primary state.
Last updated Tuesday, September 27, 2011 - 10:27am
BERLIN — Greece will receive its next batch of bailout loans in time to avoid a disastrous default, the finance minister said Tuesday, as stock markets rallied on hopes that the prime minister will discuss new ways of solving the crisis with Germany’s leader later in the day.
Last updated Saturday, September 24, 2011 - 4:58pm
WASHINGTON — Global finance officials pledged on Saturday to take bolder moves to confront a European debt crisis that threatens to plunge the world into another deep recession. But sharp disagreements about exactly what to do can’t offer much reassurance to markets rocked by uncertainly in recent weeks.