Greece may ask Europe to buy bonds to pay for redemptions - paper

ATHENS (Reuters) - Greece is considering asking the European Stability Mechanism (ESM) to buy Greek government bonds held by the European Central Bank (ECB) to pay for debt redemptions this summer, newspaper Kathimerini reported on Thursday.

Debt crisis: Spain's forecasts are 'optimistic', says Governor of the Bank of Spain

The Governor of the Bank of Spain warned that Madrid’s financial forecasts are “optimistic” adding to the mounting pressure on Mariano Rajoy from European Central Bank and the International Monetary Fund.

Slovakia's failure to ratify eurozone bailout expansion "no big drama": EU official

BRUSSELS, Oct. 12 (Xinhua) -- The European Union (EU) on Wednesday called on all parties in the Slovak parliament to rise above short-term politics, and support bolstering the eurozone's safety net European Financial Stability Facility (EFSF) in their next vote this week.

In a joint statement by European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso, the two leaders urged Slovak parties to seize the next opportunity to ensure a swift ratification of expanded powers for the EFSF.

Euro crisis may be over in 2-3 years

VIENNA (Reuters) - The euro zone can conquer its crisis in the next few years if countries get their financial houses in order, the head of the bloc's rescue fund was quoted saying in Der Spiegel magazine, scolding Germans for being too pessimistic about the region's outlook.

"There is good reason to hope that the crisis is over in two to three years' time," European Financial Stability Facility (EFSF) chief Klaus Regling said, according to a preview of the weekly German magazine.