Bail Out

The government must stop asking taxpayers to keep bailing out loss making no-hope public sector enterprises

Unanimous deal reached on Greece, says EU President

Tusk said there are three conditions to be met by Greece. Finance Ministers of Euro nations will discuss bridge finance for Greece. Tusk said Greece and other national Parliaments must agree before the negotiations for the bail out package begin.

International flying rights not in jeopardy: SpiceJet

In a statement released Sunday evening, Spicejet said its dues to vendors was “significantly less than the Rs 1600 crore” quoted in some sections of the media. The carrier however did not say how much it owed its suppliers

Govt will not bail out private airlines: Ajit Singh

Giving a clear message to ailing Indian carriers, Civil Aviation Minister Ajit Singh on Wednesday asked national carrier Air India to become competitive as the Government "cannot keep on pouring money" and told private carriers that there would be no bailout for them.

Europe has a superiority syndrome: Frank-Jurgen Richter

Chairman of Horasis, a business community for sustainable growth, tells Forbes India that Europe still has a superiority syndrome despite being the fallen angel.

Greece vows to cut state jobs, second bail-out call looms

Greece promised further cuts to its bloated public sector on Tuesday before a second conference call with its international lenders, whom Athens must convince to extend more loans to avoid bankruptcy next month.

Euro zone leaders postpone Greece bail-out meet

Euro zone leaders have postponed an emergency summit planned for this weekend on a second bail-out of debt-laden Greece in the hopes that a much bigger crisis unfolding in the US will preoccupy financial markets and give them more time to sort out their differences on the proposal.

Lloyd Bank says EU expectations of Greece unrealistic

Trevor Williams, economist at Lloyds Bank joins CNBC-TV18 to discuss what is happening in the euro zone, specifically Greece. EU and IMF expectations of Greece are unrealistic, he says. Greece has not been able to meet their needs in the past year and has not been able to pay back.