Spain's government debt hits 75.9 pct of its GDP

Spanish government debt rose to 75.9 percent of its economy in the second quarter of the year according to figures published by the Bank of Spain.

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International inspectors arrive in Athens for economic review

Winnipeg Free Press

International inspectors arrive in Athens for economic review Los Angeles Times ATHENS — After months of political paralysis, international debt inspectors returned to Athens on Thursday to assess how much progress — if any — cash-strapped Greece had made in grueling attempts to fix its faltering economy. Greek finance minister says Athens must get program on track: FTReuters Greece drops demand to ease bailout termsFinancial Times Greece admits it's off track on bail-out termsTelegraph.co.uk Wall Street Journal -Moneycontrol.com -Washington Post all 338 news articles »

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New Greek financial minister meets troika officials

The new Greek Finance Minister Yannis Stournaras was sworn in Thursday, mere hours before he met with the trio of financial bodies tasked with monitoring the country’s massive bail-out commitments.

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Greece's finance minister meets debt inspectors

ATHENS, Greece (AP) — Greece's new finance minister Yannis Stournaras headed into his first meeting with the country's international debt inspectors Thursday, shortly after being sworn in to office.

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Asian markets, euro rally after Greece vote

Asian markets surged Monday and the euro rose after Greek pro-austerity parties won enough votes to form a government, but optimism it will stay in the eurozone was tempered with warnings the future remains uncertain.

Tokyo stocks jumped 1.89 percent, Hong Kong surged 1.55 percent by the break, Sydney was 1.90 percent higher and Seoul climbed 2.01 percent.

Shanghai added 0.69 percent, Wellington gained 0.10 percent and Taipei was up 1.98 percent.

Spain borrowing costs hit euro-era record in bank crisis

Spanish borrowing costs have soared to a euro-era record high on a market beset by doubts over a vast rescue loan for the country's banks and by fears of a Greek exit from the eurozone.

The euro came under more pressure in early trading Wednesday, unconvinced by the deal struck by the 17 eurozone nations over the weekend to extend Spain a banking sector rescue loan of up 100 billion euros ($125 billion).