CPI(M) congratulated people of Greece for giving a "resounding no" to austerity measures sought to be imposed by international creditors

The European Union is also weighing whether to extend Ireland's rescue loans by five years or more, according to two EU officials.

Italian PM and his Spanish counterpart may try to mask a growing divide over Europe's new bailout strategy when they meet in Madrid.

The eurozone nations have sealed a deal for rescue loans up to $122 bn to Spain's banks amid speculation that Spanish govt may also seek a ...

For many Germans, haunted by memories of inflation and a belief in the German work ethic, bailing out the weaker euro economies is a fright...

I am very troubled by the notion that every country is now going to need some sort of a bailout.

Gold today gained for a second day after euro-area finance ministers agreed to award Greece a bailout package, boosting demand for commodit...

EU finance ministers thrashed out Friday a multi-billion-dollar debt rescue for Portugal, demanding tough conditions.

The European Commission last week circulated a document among EU member states with some suggestions on how to broaden the scope of the fun...

Countries may be unable to escape a toxic combo of low growth & high funding costs

Forecasts are predicated on "aspirational" growth of 2-3%. Moody's Investor Services cut Ireland's debt rating by five notches, with a nega...

The 16-nation euro is up on the US dollar following Ireland's application for a massive EU loan to bail out its banking sector.

Ireland is considering asking for money for its banks from the European Union’s emergency fund in a bid to fend off a threatened bailout fo...

Britain said on Sunday that it will refuse to underwrite a European Union bailout fund worth some 60 billion euros that finance ministers w...

As Greece moved closer to bankruptcy, it is clear that the EU bailout package of 30 bn euros would not be sufficient even to service its de...

Financial mkts are betting heavily that Greece's crushing debt could drag down entire eurozone. Check out the top gainers, losers and recom...

Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU le...