Eurozone

Budget Battles

  • Europe Faces a Two-headed Monster of Debt and Oil

    By Patrick Smith

    It looks as though we have a deal between Greece and its private-sector creditors, and not a moment too soon. The announced agreement over the weekend ended months of handwringing and protracted...

  • Fitch Cuts Italy, Spain, Other Eurozone Ratings

    By Reuters

    Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the...

  • Greece Debt Swap Deal May Be Ready Next Week

    By LEFTERIS PAPADIMAS and RENEE MALTEZOU, Reuters

    Greece and its private creditors said on Saturday they were piecing together the final elements of a debt swap and expected to have a deal ready next week, essential for sealing a new bailout and...

  • Pressure on Greece to Cut More

    By INGRID MELANDER, Reuters

    The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert...

  • Italy: Investment Bet of Decade?

    By LISA JUCCA, Reuters

    Buying Italian debt at this time is only for the brave - and those who believe the worst of the danger for the euro zone's third biggest economy has passed, according to interviews with more than a...