Greece's debt cannot be cut to 120 percent of GDP by 2020, the level deemed sustainable by the IMF, unless euro zone member states write off a portion of their loans to
The Cyprus government political negotiating team submitted Tuesday night a compromise proposal to the Troika (IMF, EU, ECB) aimed at breaking the deadlock in the negotiations with its international lenders on the
Deutsche Bank, Germany's largest bank, expects the euro zone to remain intact and its slow pace of recovery to create opportunities for outside investors, its co-chief executive said on Wednesday. Deutsche Bank
India executed the lone survivor of a Pakistan-based militant squad on Wednesday, just days before the fourth anniversary of an attack that killed 166 people in a rampage through the financial capital
A tentative plan to further restructure Greek bonds owned by private investors risks undermining the euro zone's credibility, a senior bank industry representative said on Tuesday. The Institute of International Finance (IIF),
The euro skidded on Wednesday and Asian shares fell after European officials failed to reach a deal on another bailout for Greece, a day after Federal Reserve Chairman Ben Bernanke highlighted the
A senior lawmaker from Chancellor Angela Merkel's conservatives warned on Wednesday against any writedown of public holdings of Greek debt, saying it would send a fatal signal to other bailout countries and
Greece's international lenders failed for the second week running to agree how to get the country's debt down to a sustainable level and will have a third go at resolving their most
President Demetris Christofias has said he disagrees with the Troika (EC, ECB, IMF) on matters relating to semi-government organizations and natural gas. Speaking at the inauguration of the new community building in
The economy continues to increase demand for higher skills, however more than 70 million Europeans have only low or no formal qualifications, Commissioner Androula Vasiliou has stressed. Speaking Tuesday at a press
