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
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
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
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
* Gambling monopoly to be privatised next year * Greece's OPAP, one of Europe's biggest betting firms, reported a 16% fall in third-quarter profit on Tuesday, weighed down by the recession in
British low-cost airline easyJet doubled its dividend after annual results showed it took business from fading European rivals and customers bought more cheap flights for late summer holidays. Competitors are struggling to
British banking group Lloyds has taken a 90% loss on 1.47 billion pounds ($2.3 billion) of troubled Irish real estate loans after selling them to Apollo Global Management. The sale for 149
