Eurozone

Budget Battles

  • Spain to overhaul rescued banks as condition of aid

    Spain to overhaul rescued banks as condition of aid

    By Foo Yun Chee and Sonya Dowsett, Reuters

    BRUSSELS/MADRID (Reuters) - Spain's four nationalized banks will more than halve their balance sheets in five years, cut jobs and impose losses on bondholders in order to receive a euro zone rescue...

  • Great Expectations for Carney at Bank of England

    By Suzanne McGee, The Fiscal Times

    Many decades ago, when newly appointed Bank of England Governor Mark Carney was still a small child playing in the small town of Fort Smith in Canada’s Northwest Territories, I was learning my first...

  • Analysis: Confusing hard and soft power in emerging markets

    By Mike Dolan, Reuters

    LONDON (Reuters) - Deserting debt-laden, recession-racked North Atlantic and Japan for the fast-growing emerging market world may have been irresistible for some investors but many others still...

  • Deal Reached to Reduce Long-Term Greek Debt

    By Reuters

    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...

  • Days before vote, France backs state for "Palestine" at U.N.

    By Noah Browning and John Irish, Reuters

    PARIS/RAMALLAH, West Bank (Reuters) - France said on Tuesday it would vote in favor of Palestinian non-member status at the United Nations, an important boost in Palestinian efforts to secure greater...