Euro Zone

Parliament approves austerity: Rescued Greece, euro will live for now to die another day

The 82-86 billion euro bailout of Greece has essentially managed to kick the can down the road

Grexit: There is a good reason why the world's going nuts over Greece

The bailout money helps keep the Greek economy going and at the same time helps repay the debt that is falling due.

Headed for breakdown? Greece rejects proposal to extend bailout package by six months

How long Greece can keep itself afloat without foreign support is uncertain.

Indian economy can grow at 7% in 2015, China may slowdown, says PwC

With India expected to 'turn the corner' on the back of structural reforms, its economy is projected to clock 7 percent growth in 2015 even as China would see an economic slowdown, says a study.

Markets cheer positive US, German data, Greek commitment

Europe gave Greece until Wednesday to specify how 325 million euros of the 3.3 billion euros demanded in budget savings will be achieved and to give a written commitment to implement the terms of the deal.<br /><br /> <br /><br />

Euro zone poses no direct risks to Indian banks: RBI

The RBI felt the muted economic activity and difficulties abroad may lead to further deterioration in asset quality for banks but the situation is not alarming.

Greece gets ready for Friday bond swap

Greece's second bailout since 2010 was sealed by euro zone finance ministers on Tuesday, averting the threat of a chaotic default next month but doing little to allay doubts about the country's long-term financial stability.

Eurozone strikes deal on second Greek bailout package

The bailout offers new financing of 130 billion euros and aims to cut Greece's debt to 121 percent of GDP by 2020.

Greek cabinet backs extra austerity measures

The approval was largely a formality after Athens last week unveiled details of the extra budget and public sector wage cuts worth 325 million euros to euro zone partners.

Euro zone mulling delay of 2nd Greek bailout

The delays could possibly last until after Greece holds elections expected in April.