RBS takes £142m hit on Greek bond portfolio

The spectre of the sovereign debt crisis cast a pall over Royal Bank of Scotland's third-quarter results yesterday when the bank admitted that it had taken more hits on its Greek bond portfolio and had sold most of its Italian debt.

Greek PM faces crucial confidence vote

Greek Prime Minister George Papandreou faces a parliamentary vote of confidence on Friday, one day after scrapping a controversial referendum that had angered world leaders who are trying to formulate a bailout fund for the cash-strapped country.

How might Greece leave the euro?

Greece's latest woes have raised something that was previously unthinkable - the possibility of the Greek people rejecting the euro.

Obama heads to G-20 amid questions on Greece

The U.S. has an important role to play in helping guide Europe through its financial crisis, but it is ultimately Europe's problem to solve, the White House said Wednesday as President Barack Obama readied for an economic summit in France.

The magic money tree

IT IS hardly surprising that the markets are having second thoughts about last week's euro zone rescue deal.