ECB

Even as Greek Prime Minister Antonis Samaras said the pending release of a $56.7 billion in a first series of installments in a second bailout of $172 billion has saved Greece, the Organisation for Economic Co-Operation and Development (OECD)...

It took a while but Prime Minister Antonis Samaras’ uneasy coalition government got some relief when Eurozone finance ministers – on the third try – finally agreed to a complicated deal that would lead to the release of 43.7...

After 12 hours of talks – and a third meeting – Eurozone finance ministers finally reached an early morning deal on Nov. 27 to relieve Greece’s crushing debt and pave the way for the release of $57 billion in...

The International Monetary Fund wants euro zone finance ministers to agree to cut Greece's debt by 20% of GDP now (equal to €40 billion) and commit to further cuts later in order to put the country’s debt in a...

Eurozone finance ministers on Nov. 26 will consider for the third time in three weeks whether to sign off on a long-delayed $38.8 billion loan installment Greece needs to keep its debt-crushed economy from crashing, but could face yet...

The Italian news agency ANSA, quoting European officials, said Eurozone finance ministers are unlikely to again – for the third time – act on a long-delayed $38.8 billion loan installment for Greece when they meet in Brussels on Nov....

Eurozone finance ministers are considering a possible "haircut" for Greece in 2015, imposing losses on its international lenders, a German newspaper reported on Nov. 25, in a bid to reduce the debt mountain of the recession-wracked country. Other Eurozone countries...

While Greece's crushing economic crisis has hurt many people - those suffering pay cuts, tax hikes, slashed pensions and who have lost their savings by investing in Greece - it's made a lot of money for some speculators, the...

The European Central Bank is considering a plan to give back almost 9 billion euros ($11.52 billion) to Greece from the profits it makes through its holdings of Greek bonds as part of a scheme by international lenders to...

After being upstaged when Eurozone finance ministers couldn’t agree on releasing a long-delayed $38.8 billion loan installment to keep Greece’s economic alive, Prime Minister Antonis Samaras said after a European Union budget meeting failed that he believes the monies...