Leaders Ease Debt-Crisis Rules On Spain

Euro-area leaders agreed to relax conditions on emergency loans for Spanish banks and possible help for Italy as an outflanked German Chancellor Angela Merkel gave in on expanded steps to stem the debt crisis. After 13 1/2 hours of talks ending at

Greece Asks Troika For Moon; Time Means Money

It will be interesting to see how long the coalition in Greece will last after Germany shoots down Bailout Easing Proposals by Greece to …. Cut the VAT Freeze layoffs Extend timeline to reduce its deficit by two years Recapitalize lenders Provide

ECB Moves to Ease Collateral Rules for Banks

  The European Central Bank Friday said it had decided to widen the range of securities that it accepts from euro zone banks in exchange for its loans, with the aim of helping boost lending to firms and households. The

Greece as Victim

Ever since Greece hit the skids, we’ve heard a lot about what’s wrong with everything Greek. Some of the accusations are true, some are false — but all of them are beside the point. Yes, there are big failings in

Germany Must Make Greece’s Vote Count

Now that Greek voters have done the right thing, it’s Angela Merkel’s turn to tell the German electorate a few home truths about the euro. Sunday’s narrow victory for pro-bailout parties in Greece offers heartening proof that voters can reject comforting

Spain Back in Cross Hairs

The brief afterglow from Greece’s vote Sunday to try to remain in the euro was quickly extinguished by a cascade of bad news out of Spain that again rattled faith in the currency bloc’s ability to support its most troubled

Likely New Ruler Took An Unlikely Pathway

Antonis Samaras, the leader of Greece’s victorious New Democracy party, has made a fast turnaround from Europe-bashing populist to the continental power brokers’ preferred choice to lead Greece. Voters in Greece Sunday handed New Democracy the edge in a close

Greek Election Leaves Pyrrhic Victory Risk As Aid Talks Near

Greece survived to fail another day, say economists at Royal Bank of Scotland Group Plc and Citigroup Inc. (C) An election result yesterday that defused expectations of an imminent euro exit by Greece left the threat hanging over the global economy and put

I step down, only to get the power to stand up

Greek Parties Vie for an Uphill Task

Whichever party wins Greece’s national parliamentary election on Sunday will face an uphill task: inheriting a central government nearly out of cash, an economy in free fall and a restive public tired of austerity measures. Greece’s conservative leader Antonis Samaras,