Europe Reaches Agreement on New Rescue Package for Greece

European governments agreed on a third aid deal for Greece, signaling a determination to keep the country in the euro and setting aside doubts about its ability to repay its debts.

Eurozone leaders echo hopes for Greek deal

Eurozone leaders have echoed hopes that a deal can be struck within days to stop Greece defaulting on its debt.

Greek political unrest and deepening debt crisis fuel talk of snap election

The worsening Greek debt crisis has reanimated talk within the ruling Syriza party of a snap general election if discussions with creditors fail, as the country faces a Thursday deadline to repay a €450m (£330m) loan to the International Monetary Fund.

Exclusive: Greece tells creditors it will run out of cash on April 9

(Reuters) - Greece has told its creditors it will run out of money on April 9, making an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected, euro zone officials said.

France PM Valls pushes key economic reforms through

The French prime minister has resorted to a rarely used emergency procedure to push through labour market reforms without a parliamentary vote.

Getting used to the 'new mediocre'

Until a dramatic selloff, exuberant markets had raced well ahead of the economies that underpin them, partly because the U.S. Federal Reserve and other central banks flooded the financial system with new money.

IMF urges 'steady implementation' of Ukraine loan program

(Reuters) - The International Monetary Fund urged Ukraine's leaders on Friday to press forward with "steady implementation" of economic reforms agreed with the fund, a day after the prime minister tendered his resignation.

Stocks rise, euro drops as EU and Ukraine election results come in

European stock markets moved higher Monday as election results rolled in from the European Union and Ukraine. Germany's DAX index led the way with a 1.3% rise.

Ukraine crisis: World Bank ready to provide $3.8 billion aid

WASHINGTON (AFP) - The World Bank said on Monday it is prepared to offer US$3 billion (S$3.8 billion) in aid to Ukraine this year to support economic reforms and development by its beleaguered new interim government.

Crisis-hit Portugal sees record tourism numbers in 2013

Bailed-out Portugal welcomed a record number of tourists in 2013, official data showed on Thursday, providing a much-needed boost to the crisis-hit economy.

Italian government in crisis as Renzi calls for change

ROME, Feb 13 (Reuters) - Italian centre-left leader Matteo Renzi called on Prime Minister Enrico Letta to step down on Thursday and said their party, the biggest in the ruling coalition, should choose a new premier to lead the government.

Moody's maintains French debt rating

The US agency affirmed the bond rating one notch below the top AAA rating.

EU raps new member Croatia over deficit, debt

BRUSSELS: The European Commission said Tuesday new EU member Croatia is in breach of rules on the public deficit and debt and will have to take measures to remedy the problem.

Lunch hour in Italy serves up some sour economic lessons

ROME (Reuters) - Of all the statistics available on Italy and its varied economic problems, few are as eye-opening as the fact that at around 1 p.m on any given day, three quarters of the population will normally be sitting down to lunch in their own homes.

Germany's Merkel Taunts Opponents Over Euro Crisis

Chancellor Angela Merkel taunted her election opponent Tuesday over Europe's debt crisis, noting that his party had backed practically all of her rescue policies and arguing that their proposals might make things worse by pooling countries' debt.

IMF warns of tough Spain jobs outlook

MADRID: The IMF told Spain on Friday it faces five more years with an unemployment rate topping 25 percent as it pressed Madrid to enact new reforms including measures to help firms slash wages instead of axing staff.

Analysis: German hint of Greek debt relief raises euro hopes

BRUSSELS (Reuters) - Three years into the euro zone's debt crisis, Germany's finance minister hinted tantalisingly last week at a potential breakthrough.

Spain Budget Concentrates on Spending Cuts Over Revenue

MADRID (Reuters) - Spain announced a detailed timetable for economic reforms and a tough 2013 budget based mostly on spending cuts on Thursday in what many see as an effort to pre-empt the likely conditions of an international bailout.

Germany to cut Greece slack after vote backs bailout

BERLIN (Reuters) - Germany may cut Greece some slack after its voters backed a pro-bailout party in weekend elections, with officials saying Athens might get more time to meet its savings goals, though longer-term economic reforms were still set in stone.

Giant Lender in Spain Asks for Billions to Fend Off Collapse

MADRID — Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that it would need an additional 19 billion euros ($23.88 billion), far beyond what the government estimated when it seized the bank and its portfolio of delinquent real estate loans earlier this month.