Debt Crisis

Does the European Union Exist? A 'Grexit' will demonstrate the artificiality of the Union

What will demonstrate the artificiality of the Union is what has been called ‘Grexit’- that is, Greece’s exit from the European Union.

Greece crisis: IMF warns country would need $40 billion more if growth slows

Greece exit won't be comparable to 2008 collapse: Here's how crisis may unfold

Between now and 5 July, Greece remains suspended between collapse and an uncertain rescue

Sensex ends down 167 points, after crashing over 600 pts in initial trades

Asian indices such as Nikkei, Hang Seng ended nearly 2-3 percent lower, while European gauges such as FTSE, DAX and CAC had crashed around 2-3.6 percent in early trades.

ECB revises 2013 forecast for eurozone; expects economy to contract

The European Central Bank, or ECB, on Thursday revised its 2013 forecast for the eurozone downward, with the area's economy now expected to contract 0.40 percent.

Emotional finance: Markets play jilted lover as eurozone panic spreads like a virus

Behavioural economists say financial bubbles can create an emotional high that turns into an irrationally deep low when the bubble pops. And this time markets are finding it hard to trust again.

Wall St falls as eurozone fears return to haunt investors

US stocks fell on Monday as rising bond yields in Italy and other eurozone countries reminded investors that despite changes in governments, the region's debt crisis could still spin out of control.

Global economy still at risk of collapse: WEF founder

The world has not yet escaped the risk of a collapse in the global economy despite some renewed confidence heading into 2013, says, the founder of the World Economic Forum Swiss economist Klaus Schwab.

'It's the right time for SMEs to buy foreign firms'

The European and US sovereign debt problems are a "good opportunity" for advanced SMEs to establish an international presence through acquisitions, said MSME Secretary Uday Kumar Varma .

Germany in favour of paying out next Greek aid tranche

The German government is in favour of paying out the next tranche of international aid to Greece after a successful debt buyback programme by Athens, Germany's finance ministry said in a letter.