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Cypriot officials: Plan B drawn up to get bailout
Searching for a way out of a crippling financial crisis, officials in Cyprus on Wednesday pursued a new bailout strategy that could include a loan ...
Asia stocks mixed after Cyprus vote on bailout
Asian stock markets were mixed Wednesday after Cypriot lawmakers rejected a tax on bank deposits that would have partly funded an emergency bailout ...
Cyprus in limbo after rejecting bank seizures plan
Lawmakers in Cyprus decisively rejected a plan on Tuesday to seize up to 10 percent of people's bank deposits in order to secure an international ...
Wall Street holds its own after Cyprus 'no' vote
The latest twists in Europe's debt drama weighed down the stock market Tuesday, offsetting more good news on the U.S. housing market. The Dow Jones ...
EU makes important step toward banking union
The European Union on Tuesday cleared a major legal hurdle toward establishing a full banking union to stabilize its financial system, just as ...
Savings account seizure plan draws fury in Cyprus
A plan to seize up to 10 percent of savings accounts in Cyprus to help pay for a €15.8 billion financial bailout was met with fury Monday, and the ...
Cyprus president tries to amend bailout plan
Cyprus' president said Sunday that he is trying to amend a key provision of an unpopular eurozone bailout plan that would tax deposits in the ...
Cyprus secures $13 bn bailout from eurozone, IMF
Cash-strapped Cyprus secured a €10 billion ($13 billion) bailout package from its European partners and the International Monetary Fund in a bid to ...
Europe eases the austerity whip _ a little
Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. Political leaders ...
German central bank: Crisis not over yet
The head of Germany's central bank is warning that the government debt crisis in the euro countries "isn't over" despite the easing of financial ...
Draghi: Do more to promote jobs, growth
European Central Bank President Mario Draghi is urging indebted governments to move beyond spending cuts and tax hikes and introduce reforms that ...
Italy behind rise in eurozone jobless to record
Italy's voters gave their verdict on the austerity medicine they've been forced to take when they went to the polls earlier this week. By Friday, one ...
Italy turmoil raises questions about ECB backstop
Why has Italy's muddled election result spooked global investors so much? Because it raises unsettling questions about the availability of the ...
Draghi: Reforms must continue despite social cost
European Central Bank President Mario Draghi has acknowledged that austerity measures and economic reforms can have heavy social costs — but argues ...
Italy pays more to borrow after election turmoil
Italy saw its borrowing costs jump in a pair of bond auctions Wednesday after an inconclusive election that has raised fears Europe's government debt ...
Q&A: Why Italian election has shaken investors
Italy's inconclusive election has rattled markets and raised the fear that Europe's crisis over too much government debt could flare again after ...
ECB: Nearly half of bond holdings from Italy
The European Central Bank says Italian government bonds account for nearly half of its total holdings under a now discontinued bond-buying program ...
Portugal raises $2B in debt sale, cuts forecasts
Portugal raised €1.5 billion ($2 billion) in a debt sale at sharply lower rates Wednesday as the bailed-out country continues to benefit from ...
ECB's Draghi pushes for European bank bailout fund
European Central Bank President Mario Draghi said Monday the 17-country eurozone must move swiftly to set up a joint fund to restructure and wind down ...
ECB: Cyprus aid with anti-money-laundering control
The European Central Bank chief says a financial rescue package for Cyprus must be accompanied by close and continuous monitoring of its progress in ...
Runoff called in Cyprus' presidential election
Cyprus heads into a runoff presidential election next weekend, with voters called on to select who will lead the country through a severe financial ...
Q&A: Currency the latest threat to global economy
The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as ...
ECB's Draghi: Spain is 'on the right track'
Spain has succeeded in stabilizing a banking system that almost collapsed last year and is well-positioned for better economic times going forward, ...
G7 seeks to defuse currency war fears
The Group of Seven leading industrial nations, which includes the U.S., Japan and Germany, warned Tuesday that volatile movements in exchange rates ...