IMF money for Greece contingent on debt buy back

WASHINGTON (Reuters) - The International Monetary Fund will not disburse Greece's next bailout tranche until the country completes a voluntary buy back of its debt, an IMF spokesman said on Thursday.

Eurozone crisis drying up credit to households: ECB

FRANKFURT: Bank lending to private households in the euro area, which has practically dried up in recent months, contracted again last month in face of the region's crippling debt crisis, ECB data showed on Wednesday.

French Market Declines

(RTTNews.com) - The French market is in negative territory on Wednesday, as worries about the fiscal cliff in the U.S. escalated with the remarks of Senate Majority Leader Harry Reid on Tuesday.

Portugal parliament approves 2013 austerity budget

LISBON: Portugal's parliament gave final approval on Tuesday to a 2013 budget which promises a third year of recession and the biggest tax hikes in modern history to ensure international bailout terms are met.

EU leaders gear up for round two of budget negotiations

BRUSSELS: The collapse of EU talks Friday without agreeing a seven-year budget is not calamitous, the bloc will continue to function, but it does heap yet more pressure on a divided European Union mired in an intractable debt crisis.