Greek debt restructure on the cards to stave off euro crisis

European officials have conceded that Greece may have to restructure its debt as part of a second bail-out package to shore up the Mediterranean nation and stave off a crisis in the euro.

A "reprofiling" or "soft restructuring" of bonds held by private investors, defined as a voluntary loan "extension", was floated by Jean-Claude Juncker, Luxembourg's prime minister and president of the eurozone finance ministers, after a Brussels meeting.

There is no euro crisis, says ECB chief Trichet

Berlin - European Central Bank (ECB) chief Jean-Claude Trichet on Sunday defended the success of the euro currency, in an article written for German Bild am Sonntag newspaper.

'There is no euro crisis. What we are currently observing in some eurozone countries is primarily a debt crisis in public budgets,' Trichet wrote.

Securing global economic security

Inflation is a significant factor of global economic security and has the innate capacity to upend carefully laid plans

Euro crisis solution lies in political arena

WORLD VIEW: The alternative visions of economists must focus better on what is possible internationally

IRELAND BADLY needs a strategy to handle the euro zone crisis, rather than reacting defensively to all its latest twists and turns. This requires a political as well as an economic understanding of the dynamics in play at European and national levels.

IAIN MARTIN: The euro crisis is terrifying - but it's Cameron's last chance to restore Britain's sovereignty

Surely, it was one of the greatest escapes in Britain’s history.

If we had been foolish enough to go into the European single currency we would be in an even more dire economic situation than we are now.

The euro’s lower interest rates would have made money even cheaper and easier to borrow during the boom, making the recession deeper when the bubble burst and more difficult to get out of.