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Europe News

Italy may miss fiscal targets: EU

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

Greece

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.

Economy

Eurozone approves bailout payment to Greece

Eurozone finance ministers say Greece will be able to receive 2.

Economy

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.

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Economy

The Brief from Brussels: Eurogroup approves cash for Athens, Nadiya Savchenko freed

This is the Brief from Brussels, a daily show with all the stories making waves across Europe.

Economy

Eurozone ministers agree "breakthrough" deal with Greece

Eurozone finance ministers have agreed to offer Greece debt relief in 2018.

Economy

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.

Greece

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

Greece

Protests turn violent as Greek parliament prepares to vote on new austerity measures

Masked protesters clashed with riot police in Athens, ahead of a vote on a unpopular reform package to secure much-needed bailout funds.

Economy

Greece and international lenders suspend bailout review talks as splits remain

Talks between Greece and its international lenders on a crucial bailout review have been suspended until next Monday. The main sticking point appears

Economy

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

Argentina

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.

Economy

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.

Europe News

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

World 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

Greece

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

Portugal

Portugal's President to nominate Prime Minister after post-election talks break down

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

Real Economy

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

Greece

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

Economy

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