Greece has another month before debt assessment

Jean-Claude Juncker, the head of the eurogroup of finance ministers, says Greece will not learn whether it's done enough to get its next batch of bailout cash for at least a month.

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German Court Approves Rescue Fund

Wall Street Journal

German Court Approves Rescue Fund Wall Street Journal By HARRIET TORRY and GEOFFREY T. SMITH Germany's highest court cleared the way for the euro zone's permanent bailout mechanism to go ahead. Dow Jones's Jenny Paris and Martin Essex discuss what the court ruling means and how markets reacted to the ... Euro hits highest since Mid-May on German rulingMarketWatch Stocks, euro gain on German ruling; Fed in focusReuters Euro rises to 4-month high on German rulingThe Associated Press Economic Times all 4,079 news articles »

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Eurozone agrees to move quickly on Spain, Greece

Troubled eurozone nations agreed to act quickly to save Spain's banks, and to send international creditors to Greece for an update from the new government.

The IMF meanwhile called on Thursday for the euro area to establish full banking union, and for the European Central Bank to adopt more demand-generating stimulus policies to help tackle the crisis.

Adding to the sense of urgency, ratings agency Moody's downgraded the credit ratings of 15 of the world's largest financial institutions, citing exposure risk and Europe's economic woes.

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Euro Leaders Signal Softening on Greek Austerity as Summit Looms

The Guardian

Euro Leaders Signal Softening on Greek Austerity as Summit Looms Bloomberg European governments signaled a willingness to relent on Greece's austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98 percent of the euro economy. Greece's new government must ... 'Enough is enough, and could you finally say danke?'Globe and Mail Eurozone: Greek chaos casts long shadow againFinancial Times Greek Election: Either Way, Greece Will Eventually Default – GeoStratWall Street Journal (blog) Telegraph.co.uk -The Press Association -The Guardian all 397 news articles »

Greeks vote with eurozone hanging in the balance

With the rest of the European continent nervously keeping watch from afar, polls are open in Greece on Sunday for parliamentary elections that could determine Greece's future in the eurozone.

Make-or-Break Summit Looms as EU Preps for Greek Fallout

CTV.ca

Make-or-Break Summit Looms as EU Preps for Greek Fallout Bloomberg Faced with Greek elections that threaten to result in only more disarray, European leaders are set to turn their attention to safeguarding the other 98 percent of the euro-area economy. With investors and policy makers clamoring for clarity amidst what ... Germany's Merkel urges Greek commitment to austerityBBC News Hollande, Merkel hold phone talks over GreeceXinhua German Rectitude Has Its RisksNew York Times Washington Post -Bloomberg Businessweek -Reuters all 1,866 news articles »

European leaders watch nervously ahead of Greek polls

European leaders can only look on as Greeks head to the polls in a historic vote. There are fears that a far-left election victory would have far-reaching consequences for Europe's common currency.

Merkel: Greeks need government that will keep promises

German Chancellor Angela Merkel has stressed the need for a Greek government that continues to work to reduce debt. There are fears that Greeks could elect a party that will reject the terms of an international bailout.