Portuguese Bonds Drop With Italy’s as Global Turmoil Halts Rally

Portuguese government bonds fell for the first week since July 11 as financial turmoil deepened at Banco Espirito Santo SA and a selloff in stocks damped demand for higher-yielding assets.

Euro-Zone Tensions Flare at U.S. Economics Gathering

Europe’s existential crisis follows the economics profession wherever it travels — even while the region’s troubles simmer without major incident for now.

ECB can't solve euro zone crisis alone - Weidmann

PARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools.

Cyprus Teeters on Brink as Euro Chiefs Battle Crisis

European governments battled to save Cyprus from financial ruin, seeking to prevent the woes of the euro area’s third-smallest economy from reviving the debt crisis and rattling markets.

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.