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Business

Italy reaches deal with Brussels over bad bank loans

An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.

An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.

News

Eurozone finance ministers back third Greek bailout

The finance ministers from the 19 countries that use the single European currency have approved a third bailout for Greece. The informal body, known

The finance ministers from the 19 countries that use the single European currency have approved a third bailout for Greece. The informal body, known

Business

Wonga posts profit loss as fewer lenders ask for loans

Wonga, the British payday loan firm, has reported a loss of around 55 million euros. The short-term lender recorded a profit of the same amount in

Wonga, the British payday loan firm, has reported a loss of around 55 million euros. The short-term lender recorded a profit of the same amount in

News

Ukraine to start talks with creditors to plug $15bn funding gap

Seeking to plug a 15 billion dollar funding gap, Ukraine has said it will begin crucial talks with its creditors on how to restructure the conflict-torn country's debt on Friday.

Seeking to plug a 15 billion dollar funding gap, Ukraine has said it will begin crucial talks with its creditors on how to restructure the conflict-torn country's debt on Friday.

Europe

Germany snubs Greece's EU loan offer

Germany on Thursday rejected Greece’s request for a six-month extension to an EU scheme of emergency loans. Berlin’s decision came shortly after the

Germany on Thursday rejected Greece’s request for a six-month extension to an EU scheme of emergency loans. Berlin’s decision came shortly after the

Business

Greece is running out of cash

The history of Greece is rich and deep, its pockets are not. The country, caught in a tangle of political polemic is running out of money. The

The history of Greece is rich and deep, its pockets are not. The country, caught in a tangle of political polemic is running out of money. The

Business

Dollar mortgage crisis in Ukraine

There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange

There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange