Euro zone backs ESM credit line for Greece after bailout exit

(Reuters) - Euro zone finance ministers backed on Thursday a precautionary credit line for Greece after the country exits its bailout at the end of the year, in a bid to balance the need to reassure investors with the demands of domestic Greek politics.

Euro zone countries agree direct bank recapitalisation framework

BRUSSELS (Reuters) - Euro zone governments agreed on Tuesday that the bloc's bailout fund will be able later this year to help to recapitalise failing banks which have written off 8 percent of their liabilities.

German court says euro zone's crisis fund is legal

The highest court in German upheld a 2012 ruling on Tuesday, confirming the legality of the euro zone's new, permanent crisis defense mechanism.

ECB's Asmussen says Ireland should stick to austerity target

DUBLIN (Reuters) - Ireland should not ease up on austerity in its annual budget next month but stick to a target of 3.1 billion euros ($4.2 billion) worth of spending cuts and tax hikes, European Central Bank Executive Board member Joerg Asmussen said on Saturday.

Greece rejects EU plan to sell assets through overseas agency

ATHENS: Greece dismissed a proposal by euro zone officials to hand over the management of its real estate assets to a holding company based overseas, saying on Saturday the country would stay in charge of its privatisation programme.

Euro zone, IMF to press Greece for foreign agency to sell assets

BRUSSELS: Greece's international lenders will press Athens next month to transfer state-owned real estate to a holding company managed by the euro zone to spur flagging privatisation efforts, officials said on Thursday.

Finland prepares for break-up of eurozone

The Nordic state is battening down the hatches for a full-blown currency crisis as tensions in the eurozone mount and has said it will not tolerate further bail-out creep or fiscal union by stealth.

Euro zone crisis heads for September crunch

BRUSSELS (Reuters) - Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the common currency.

Spain faces budget risks despite looser target: document

BRUSSELS (Reuters) - Looser budget deficit targets for Spain may still prove difficult to reach, according to an EU document that demands the country be subjected to three-monthly checks, a move that will tighten supervision of the euro zone's fourth-largest economy.

Euro zone agrees 800 billion euro firewall: Austria

COPENHAGEN (Reuters) - Euro zone finance ministers have agreed to boost the currency bloc's debt crisis firewall to roughly 800 billion euros ($1.06 trillion), Austrian Finance Minister Maria Fekter said on Friday.