The International Monetary Fund has expressed concern that public and private debt reached 225 five percent of the world's economic output last year.
With Greece fast running out of money and loan repayment deadlines looming, the parliament is heading towards another austerity vote - a major test for Prime Minister Alexis Tsipras.
After two day’s of debate in Greece’s parliament, MPs voted on Sunday evening to pass a controversial austerity package. The reforms, which will see
Masked protesters clashed with riot police in Athens, ahead of a vote on a unpopular reform package to secure much-needed bailout funds.
Talks between Greece and its international lenders on a crucial bailout review have been suspended until next Monday. The main sticking point appears
After a drawn-out debate, Argentina’s Senate approved a deal that should put an end to a 14-year-old dispute with U.S. creditors over the nation’s
With his country mired in an economic crisis because of very low oil prices Venezuela's President Nicolás Maduro has devalued the currency and massively raised heavily subsidised fuel prices.
Ukraine says it will not repay the $3bn debt owned by Russia due this weekend. Kyiv claims Moscow has refused to discuss restructuring proposals
The Greek parliament has narrowly approved a 2016 budget which includes sharp cuts in spending and some tax increases. The measures were conditions
Portugal’s caretaker prime minister says he expects the president to give the go-ahead to his centre-right coalition to form a new government. P
Debt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. As
The new Greek caretaker government has been sworn in as the country prepares for early elections next month: the third time it has gone to the polls
Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the