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Debt crisis

News

Greece hopes for debt relief as EU reviews bailout reforms

Visiting Athens, the European Union’s Commissioner for Economic Affairs has reported ‘good progress’ as he reviews Greece’s efforts to implement labour and pension reforms required as part of its inte

Visiting Athens, the European Union’s Commissioner for Economic Affairs has reported ‘good progress’ as he reviews Greece’s efforts to implement labour and pension reforms required as part of its inte

Europe

Italy may miss fiscal targets: EU

Italy’s budget may not meet EU fiscal targets, according to the bloc’s executive body.

Italy’s budget may not meet EU fiscal targets, according to the bloc’s executive body.

News

Greece needs debt relief deal by end of year, MEPs urge

The European Commission must secure debt relief terms by the end of the year, according to a letter from group of 36 MEPs seen by Euronews.

The European Commission must secure debt relief terms by the end of the year, according to a letter from group of 36 MEPs seen by Euronews.

Business

The ouch of owing: IMF warns of dangers of mounting global debt

The International Monetary Fund has expressed concern that public and private debt reached 225 five percent of the world's economic output last year.

The International Monetary Fund has expressed concern that public and private debt reached 225 five percent of the world's economic output last year.

Business

Difficult austerity vote is key to more Greek bailout cash

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.

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.

News

Greek parliament votes through austerity tax and pension reforms

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

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

Business

Argentina passes deal ending debt battle with hedge funds

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

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

News

Argentina strikes deal with US 'holdout' creditors

Argentina agrees in principle to a deal with US hedge funds ending a 15-year-old dispute over repayment of billions of dollars worth of bonds.

Argentina agrees in principle to a deal with US hedge funds ending a 15-year-old dispute over repayment of billions of dollars worth of bonds.

Business

As oil prices slide, Venezuela raises fuel prices by up to 6,000%, devalues currency

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.

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.

Europe

EU auditors slam 'weak' Commission over bailouts

The European Commission’s handling of some bailouts for crisis-hit countries was “generally weak” and inconsistent, according to a new report

The European Commission’s handling of some bailouts for crisis-hit countries was “generally weak” and inconsistent, according to a new report

News

No money for Moscow as Ukraine refuses to repay $3bn to Russia

Ukraine says it will not repay the $3bn debt owned by Russia due this weekend. Kyiv claims Moscow has refused to discuss restructuring proposals

Ukraine says it will not repay the $3bn debt owned by Russia due this weekend. Kyiv claims Moscow has refused to discuss restructuring proposals

News

Greek parliament narrowly approves 2016 austerity budget

The Greek parliament has narrowly approved a 2016 budget which includes sharp cuts in spending and some tax increases. The measures were conditions

The Greek parliament has narrowly approved a 2016 budget which includes sharp cuts in spending and some tax increases. The measures were conditions

Business

How do countries decide how much they can afford to borrow?

Debt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. As

Debt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. As

News

Greek caretaker government sworn in ahead of early elections

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

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

Business

Russia turns down Ukraine debt relief

Russia has refused to accept the same terms as Ukraine’s private sector creditors who have agreed to write down a chunk of the government’s

Russia has refused to accept the same terms as Ukraine’s private sector creditors who have agreed to write down a chunk of the government’s

Business

Ukraine debt deal agreed with creditors

After five months of talks with creditors Ukraine has agreed to a debt restructuring deal as it attempts to get the war-torn economy back on track

After five months of talks with creditors Ukraine has agreed to a debt restructuring deal as it attempts to get the war-torn economy back on track

News

Where does the Greek debt come from? Part 3/3: The crisis of 2008

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

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

News

Where does Greece's debt come from? Part 1/3: the Greek source

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

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

News

German parliament votes to back third Greek bailout

The German parliament on Wednesday backed a third bailout program for Greece. A total of 454 MPs voted in favour, whilst 113 rejected the eurozone

The German parliament on Wednesday backed a third bailout program for Greece. A total of 454 MPs voted in favour, whilst 113 rejected the eurozone

News

Where does the Greek debt come from? Part 2/3: European roots

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 euro zone to have austerity measures imposed – Ireland, Spain and Portugal – and eventually, the focus came to rest on Greece. But where does its debt co

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 euro zone to have austerity measures imposed – Ireland, Spain and Portugal – and eventually, the focus came to rest on Greece. But where does its debt co

News

Greece: bailout approved but Syriza is divided

The Greek parliament has approved the details of the country’s third multi-billion euro bailout by foreign creditors in five years. It followed hours

The Greek parliament has approved the details of the country’s third multi-billion euro bailout by foreign creditors in five years. It followed hours

News

Anti-austerity protests in Athens ahead of crunch bailout vote

Thousands of protesters have been out on the streets of Athens, ahead of a crunch parliament vote on a controversial bailout deal which will bring

Thousands of protesters have been out on the streets of Athens, ahead of a crunch parliament vote on a controversial bailout deal which will bring

News

Greece agrees fresh bailout terms: Greek finance minister

Greece has agreed fresh bailout terms with its international creditors according to the country’s finance minister. But Euclid Tsakalotos said “two

Greece has agreed fresh bailout terms with its international creditors according to the country’s finance minister. But Euclid Tsakalotos said “two