In India, utility debts threaten Modi's power-for-all drive

Last Updated: Sunday, September 13, 2015, 09:35

States who cannot pay banks what they owe over the next few years could be forced to turn to the central government for help, putting pressure on India`s consolidated fiscal deficit.

Lenders begin second review of bailed-out Cyprus economy

Last Updated: Tuesday, October 29, 2013, 15:40

The "troika" of international lenders began their second review of the shell-shocked Cyprus economy on Tuesday to decide whether Nicosia is meeting its obligations under the bailout memorandum.

Spain denies G-20 pressure to ask for a bailout

Last Updated: Tuesday, November 6, 2012, 10:21

Spain's economy minister said here Monday that the other nations in the G-20 are not pressing Madrid to request a financial rescue package from the European Union.

EU leaders to meet on $41 billion rescue package for Greece

Last Updated: Thursday, October 18, 2012, 13:13

European Union leaders are expected to clear the way for releasing 31.5 billion euro (USD 41 billion) in urgently-needed financial assistance for debt- stricken Greece at their two-day summit which opens in Brussels on Thursday.

German parliament approves rescue package for Spanish banks

Last Updated: Friday, July 20, 2012, 13:07

The German parliament has overwhelmingly approved a 100 billion-euro (USD 122 billion) financial rescue package to shore up Spain’s distressed banks.

Greece plunges euro into crisis, France insists on debt deal

Last Updated: Wednesday, November 2, 2011, 09:10

Greece plunged the eurozone back into crisis and markets into panic with a shock call for a referendum on a debt rescue package reached just days ago with huge difficulties.

Moody's warns Greek default almost certain

Last Updated: Monday, July 25, 2011, 22:36

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.