Eurocrisis

Euro at minus zero: Some interest rates are turning negative!

European investors are now willing to lend at negative interest rates to AAA borrowers like Germany and the European Financial Stability Facility

Moody's downgrades Germany's outlook to negative

Moody's also cited an increased chance of Greece leaving the euro zone, which "would set off a chain of financial sector shocks ... that policymakers could only contain at a very high cost."

Steps soon to check deficit, return to growth path: Chidambaram

In a bid to reboot the economy and return to the high growth path, the UPA government would take proactive measures to contain fiscal deficit and current account deficit, Union Home Minister P Chidambaram said on Tuesday.

Eurozone unemployment hits new record, rises to 11% in May

Unemployment in the 17-country euro currency bloc hit another record in May as the continent teetered on the edge of recession because of its crippling financial crisis.

Europe's big four agree on growth boost, split on common bonds

The measures include increasing the European Investment Bank's capital, redirecting unspent EU regional aid funds and launching project bonds to co-finance major public investment programmes.

Confident that Europeans will resolve debt crisis: Obama

Obama voiced confidence in Europe's ability to "break the fever" of its raging debt crisis as he sought to calm both global financial markets and the election-year worries of voters at home.

G20 leaders agree to invest in infrastructure in developing countries

In a big success for India, the G20 countries today agreed to give priority to investment in infrastructure in developing countries as a way to stimulate global growth.

Euro crisis to dampen global markets, impact India: PM

Prime Minister Manmohan Singh on Saturday voiced concern that continuing problems in the eurozone will further dampen global markets and adversely impact India's own economic growth.

Fitch cuts Greece's rating to CCC on eurozone exit risk

Fitch has cut Greece's credit rating from B- to CCC, citing the "heightened risk" that Greece could leave the euro zone.

Will tiny Greece bring the mightly eurozone down?

The eurozone crisis, which seemed to be abating a few months ago, is back on the boil. And this time something may give.