BRUSSELS/BUDAPEST (Reuters) - EU finance ministers suspended on Tuesday Hungary's access to half a billion euros in aid from next year for failing to keep its budget in check, but told Budapest it could escape the sanctions if it takes remedial fiscal action by June.
March 13, 2012
After Greek Default, Spain And Portugal Pose Major Risk
Markets have begun digesting Greece’s managed default, with the Hellenic Republic’s new bonds trading at distressed levels.
March 11, 2012
Greece Deal Triggers $3B in Default Swaps: ISDA
A committee of credit-default swaps traders will expedite an auction to settle about $3 billion of contracts tied to Greece after the nation took steps to force investors to participate in the biggest sovereign-debt restructuring in history.
March 10, 2012
Greek bailout gives Europe time to build defenses
WASHINGTON: Greece got the rescue. But it's the rest of Europe that's breathing easier. A $172 billion ((euro) 130 billion) bailout isn't likely to keep Greece from eventually defaulting on its debts and abandoning the euro, many economists say.
March 09, 2012
Analysis: Question of balance as euro zone crisis mutates
LONDON (Reuters) - With Greece's second bailout seemingly in the bag at last, Spain is shaping up as the next big test of whether euro zone policymakers can keep striking the right balance between carrot and stick to reconcile the very different interests of lenders, debtors and markets.
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