For a few hedge funds, Greek debt is turning into one of the trades of the year. News that Athens – backed by euro zone ministers and the International Monetary Fund –
Within minutes of euro zone finance ministers reaching a deal to cut Greece's debt late on Monday, commentators on Twitter were dismissing it as another exercise in "kicking the can down the
The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the
Portugal's parliament gave final approval on Tuesday to a 2013 budget which promises a third year of recession and the biggest tax hikes in modern history to ensure international bailout terms are
German lawmakers are likely to approve the release of Greek aid immediately despite suspicions that talks on a debt write-down have just been delayed until after Germany's 2013 elections. Chancellor Angela Merkel's
WikiLeaks founder Julian Assange accused "hard-right" U.S. politicians on Tuesday of pressing European credit card firms to block more than $50 million of donations to the website that published thousands of secret
Prime Minister Antonis Samaras welcomed a debt deal agreed by lenders to unlock aid, promising sceptical Greeks a new dawn after months of haggling under the threat of bankruptcy. Worn down by
Russia has no plans to switch euro-denominated foreign exchange reserves into other currencies as Moscow believes the euro zone situation will improve, Prime Minister Dmitry Medvedev said on Tuesday. Russia's central bank
European shares edged higher on Tuesday after an agreement by international lenders to cut Greece's debt gave some short-term support to investor sentiment. Some traders had their doubts about details of the
Britain's top shares pushed higher on Tuesday, recovering most of the previous session's decline, led by a rally in miners and banks as worries over Greece's debt situation subsided. International lenders agreed
