euro debt crisis

Greece adopts bill to cut 15,000 civil servant jobs

29 Apr 2013

The Greek parliament voted late on Sunday to adopt a law that provides for the dismissal of 15,000 civil servants as part of austerity measures imposed by the country’s international creditors.

8:00AM

Cyprus baulks at painful EU bailout terms

17 Mar 2013

Cyprus postponed an emergency debate in parliament on a controversial EU bailout on Sunday, threatening a prolonged closure of the island’s banks as MPs baulk at an unprecedented tax on savings....

6:51PM

Euro zone, IMF agree on new deal Greek debt deal

27 Nov 2012

Euro zone finance ministers struck a new deal with the IMF early on Tuesday to slice more than 40 billion euros (US$52 billion) off Greece’s massive debt burden by 2020 – in turn freeing up long-...

9:52AM

European leaders in Laos to seek Asian support on debt crisis

5 Nov 2012

Dozens of European and Asian leaders gathered in impoverished Laos on Monday for a major summit dominated by the euro zone debt crisis and growing territorial tensions in the region.

12:10PM

Portugal unveils more harsh austerity in budget

16 Oct 2012

Portugal’s government is taking the bailed-out country deeper into austerity, announcing sharp tax increases next year that risk worsening a recession and stoking public discontent.

8:57AM

Debt crisis tops agenda at Asia-Europe finance talks

15 Oct 2012

Senior finance officials from Asia and Europe met on Monday for talks on the global economy in the face of growing nervousness about the worldwide fallout of the euro zone debt crisis.

2:53PM

Opinion

Tom Holland

Attempts to diversify China's reserves have been a disaster

4:45AM

Howard Winn

China is like the EU; provinces are its member states

5:26AM

German Foreign Minister Westerwelle due in China for talks

German Foreign Minister Guido Westerwelle will travel to China on Wednesday with a delegation of major business figures to mark 40 years of diplomatic relations between the countries, a spokesman...

12:20PM

IMF calls for action as euro zone crisis festers

The IMF prodded the world’s rich countries for swifter action on Thursday as Europe’s debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.

11:53AM

IMF says Europe's banks may need to sell more assets

The International Monetary Fund said European banks may need to sell as much as US$4.5 trillion in assets to 2013 if policymakers fall short of pledges to stem the fiscal crisis, up 18 per cent...

1:11PM

EURO ZONE

Merkel tells enraged Greeks painful reforms will pay off

Tens of thousands of angry Greek protesters filled the streets of Athens to greet German Chancellor Angela Merkel, who offered sympathy but no promise of further aid. Police fired teargas and stun...

8:31AM

EURO ZONE

Euro zone joblessness, at 11.4pc, risks ‘economic disaster’

The EU warned on Monday of an “economic and social disaster” if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries...

9:28PM

ECONOMY

Wen Jiabao to meet EU amid debt crisis, solar row

Chinese Premier Wen Jiabao meets Europe’s leaders this week as the world’s second-biggest economy faces headwinds from the continent’s debt crisis and amid tensions over trade.

12:42PM