Greek Crisis

ATHENS - Standard & Poor's ratings agency has downgraded Greece's debt outlook to negative, blaming the worsening economy and warned that political challenges could soon force another lessening of the country's deteriorating credit standing. With Greece's sovereign credit rating already...

ATHENS - A Greek exit from the Eurozone would be manageable but is not desirable, Eurogroup President Jean-Claude Juncker said in an interview with Germany΄s WDR television posted on the Luxembourg government΄s website on Aug. 7. "From today΄s perspective, it...

The International Monetary Fund, facing discontent among its members about the huge sums it has lent to the euro zone, is pushing the currency bloc's governments to take steps to lighten the burden of the bailout loans they made...

Greece should exit the eurozone by year's end and not receive any more aid, a German regional finance minister has said in a Sunday newspaper interview, further stirring debate on the issue. Markus Soeder, finance minister in southern Bavaria state...

The European Central Bank has moved to stave off Greece bankrupcty for the time being by guaranteeing additional emergency loans from the country's central bank, a German newspaper reported Saturday. The ECB's governing council decided at a meeting Thursday on...

The Greek bank rescue fund told lenders interested in buying Credit Agricole SA's (ACA.FR) Emporiki Bank of Greece business that a deal can only happen if the Greek unit is recapitalized first to avoid pumping taxpayers' money into the...

Greece's international creditors have called on Athens to provide more details on its 11.5 billion euro austerity plan needed to keep open funding lines to the country, a senior Greek government official said Thursday. In the first meeting between a...

A senior Greek finance official was charged on Wednesday with leaking a state document used in the country's crucial EU-IMF audit talks, the state-run Athens News Agency said. Lambros Liosis, a budget supervisor at the General Accounting Office who denies...

Fitch Ratings say in a new report that the performance of Greek mortgages continued to deteriorate in Q212, against a backdrop of extremely weak housing markets and intense crisis in the broader economy. Fitch΄s Greek RMBS Index of three-month plus...

Albanian State News Agency ATA says an increase of deposits in currency appears to be the highest in the last eight months. Savings in euros increased in June by 6.4 billion leks versus 2 billion leks in May (on...