Battle over EU financial firewall threatens to derail Greek bailout

At a G20 summit in Mexico in two days the EU will plead for increased IMF contributions by non-euro countries to help shore up a eurozone "financial firewall" seen as vital to protecting Spain and Italy from Greek debt contagion.

European stocks rise on Greek bailout hopes

European stock markets rose on Monday on growing signs that a new bailout for Greece could be finalised at last while sentiment got a boost by the latest Chinese move to ease credit.

Euro-Zone Crisis Forces Regional Markets To Expand

The euro-zone debt crisis may be squeezing capital out of emerging economies, but it is also cultivating much-needed regional depth in developing countries’ financial markets, says Lars Thunell, head of the World Bank’s International Finance Corp.

ECB considers losses on Greek bonds held by national banks

(Reuters) - The European Central Bank is weighing up whether to allow the Greek bonds held in national euro zone central banks' investment portfolios to be subjected to the same writedowns private investors are set to take, central bank sources told Reuters.

2012 will be a worse year for equities than 2011: Jim Walker

MUMBAI: Warning that negative signs persist in the global economy, Jim Walker, Founder of Asianomics on Tuesday said that he could see a re-run of the beginning of 2008 financial crisis.