As anti-austerity coalition takes power in Lisbon, is Portugal about to go down the same road as Greece?
An anti-austerity alliance including radical leftist parties takes power in Portugal. A shaky economy and huge debts menace the national economy. The rest of Europe watches with a wary eye.
Oil prices have seesawed in recent weeks due to turmoil in global stock markets after a devaluation of its currency and weaker economic data raised concerns about a slowing Chinese economy.
If the rest of the world economy is going down, India will remain an obvious magnet. If the rupee falls, FII selling becomes uneconomic and inflows attractive.
Sensex lost almost 400 points in last two sessions.
Following repayments to European creditors and the International Monetary Fund, Eurostat said Greece's debt fell to 301 billion euros at the end of the first quarter from 317 billion at the end of 2014
Greek lawmakers have backed a deeply contentious bailout package, clearing the first hurdle towards securing a rescue hours before fresh talks between eurozone ministers but leaving the radical left government in Athens weakened.
The Greek government has made getting some form of debt relief a priority and hopes that a comprehensive solution will involve European creditors at least agreeing to delayed repayments or lower interest rates.
Greece's leftist Prime Minister Alexis Tsipras has agreed to tough reforms in return for a three-year bailout worth up to €86 billion ($96 billion), the country's third rescue programme in five years.
Eurozone proposals insist on the International Monetary Fund having a part in any future bailout, and call for Greece to park assets of up to 50 billion euros ($56 billion) for privatisation
Greece was to submit a detailed bailout request to its EU partners in the eurozone on Thursday in a last-ditch effort to save its collapsing economy and its membership in the European single currency.
Tsipras insisted last Sunday's referendum result, in which voters soundly rejected a previous creditors' reform proposal, does not mean a break with Europe.
The bank raised $750 million with 5-year tenure at US treasury interest rate plus 205 basis points, while it priced the 10-year $500 million issue at 225 basis points over the treasury.
Greece's overwhelming "no" vote in the referendum on its creditors' demands is a lesson to present and future creators of global economic groupings: supra-national bodies must have supra-national authority to enforce their fiscal rules or else they will ultimately fail.
Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. After five years of bailouts, it could become the first country to leave the eurozone.
Greeks overwhelmingly rejected creditors' demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.
The Eurozone was essentially a monetary union without being a political one.
Greece and the entire eurozone are in limbo as the country votes in a crucial referendum on bailout conditions on Sunday.
US President Barack Obama and his French counterpart Francois Hollande have agreed to combine their efforts to work on a package that will return the financial crisis-hit Greece to the path of recovery.
The biggest implication of the Greek default is for the world’s sole superpower, the United States, as it would significantly weaken the euro against the dollar.