Eurozone

Budget Battles

  • Greece Drafting Bailout Text

    By LEFTERIS PAPADIMAS and INGRID MELANDER, Reuters

    Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal...

  • Greece and Portugal: Heavy Debt, No Innovation

    By Alan Wheatley, Reuters

    To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: Per million inhabitants, they each filed fewer than eight applications with the European...

  • Fears Mount Over Greek Bailout

    By RICHARD HUBBARD, Reuters

    The euro and European shares fell on Monday as fears grew that Greece would not accept the painful terms of a new bailout deal needed to avoid a potential sovereign debt default, taking the shine off...

  • Unthinkable: Conflict between Israel and Iran

    By Patrick Smith

    The guessing game as to whether sanctions imposed last month against Iran for its nuclear program will work is over. They are already working. This past week the Iranian foreign minister, Ali Akbar...

  • Europe to Greece: 'Enough is Enough'

    By JAN STRUPCZEWSKI, Reuters

    Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from...