Greek Economy

Eurozone finance ministers on Friday approved a package worth 86 billion euros (USD 96 billion) in exchange for far-reaching pro-market reforms. Germany, as Europe's biggest economy and contributor to Greek aid, has a key role in approving the package.

New lifeline to Greece, pact to release EUR 43.7bn reached

Averting Greece bankruptcy, leaders of euro zone countries and IMF have agreed to unlock 43.7 billion euros to the heavily-indebted Greek economy.

Difficult for Greece to grow with austerity measures: BGC

The Greek bailout cannot possibly work, says David Buick, partner at BGC.

EU crisis to be over by middle of next year: Swedish Min

Sweden expects emergence of "significant measures" from European Union Summit on Sunday to tackle the euro zone crisis and hopes the problems would end by middle of next year.

Moody's puts French bks on review for downgrade over Greece

Moody's Investors Service on Wednesday placed France's top three banks, BNP Paribas, Societe Generale and Credit Agricole (CASA), on review for a possible downgrade, citing the banks exposure to Greece's debt crisis.