Moody's is the first of the major credit rating agencies to knock the UK off of its top rating citing weakness in the nation's medium-term growth outlook for years. #Moody's#DebtCrisis#Sovereign rating#AAA
Under current projections, Greek debt is expected to be about 145 percent in eight years' time, meaning measures totalling around 25 percentage points of GDP, or 50 billion euros, are needed to get Greece back on track. #IMF#Greece#bailout#Eurozone#DebtCrisis#Bonds
Deutsche Bank co-chief executive Fitschen's criticism was aimed at smaller German savings and cooperative banks which have argued they should not fall under the umbrella of a European supervisor #Europe#Germany#DebtCrisis
The clock is ticking for the country, which is finding fewer and fewer buyers for its debt, sold on the market as bonds.Investors are fretting over whether Spain will be able to repay its loans, and the country could end up being shut out of vital international debt markets. #ToWhatEffect#Spain#DebtCrisis
Greece's European partners have repeatedly promised the country will be funded through August, when it must repay a 3.2 billion euro bond, but the details of the funding have yet to be disclosed. #Greece#WhatNext#Eurozone#DebtCrisis
European Central Bank President Mario Draghi must back up his pledge to do what it takes to protect the euro when the bank's policymakers meet on Thursday or else face deep disappointment from investors hungry for - and expecting - immediate action.
After tough all-night bargaining, European leaders appeared to salvage what had seemed to be a summit teetering toward failure by agreeing early Friday to use the continent's bailout fund. #NewsTracker#European Union#bailout#DebtCrisis