Greek Finance Minister Evangelos Venizelos

Greece successfully closed a bond swap offer aimed at reducing its colossal debt pile and averting a chaotic default that would pitch the euro zone into a fresh crisis.

European finance ministers insisted on much tighter oversight of Greece's spending and austerity efforts

There are strong doubts among some of the euro countries if a second massive bailout could save Greece

Greece's parliament has approved an austerity and debt-relief bill, crucial for the country to avoid bankruptcy and remain in the eurozone. Lawmakers voted early Monday in favor of the bill that imposes harsh new austerity measures in return for a euro 130 billion ($171 billion) new bailout agreement and related deal with private creditors to shave...

Eurozone finance ministers put off a decision on Thursday on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in aid.

World stock markets pushed higher on rising speculation Greece was ready to sign off on an austerity deal.

Greece desperately needs to secure the second bailout and the bond swap deal that seeks to halve its debt load.

Finance Minister Evangelos Venizelos late on Tuesday said ballots would be set in late April to enable critical negotiations with the eurozone and banks holding Greek sovereign debt to be concluded.

  Finance Minister Evangelos Venizelos has submitted Greece's 2012 budget, which projects the budget deficit to contract from 9 per cent of gross domestic product this year to 5.4 per cent next year. The country will remain in recession, according to the budget submitted Friday. But it will also post a primary surplus — a budg...

Greece successfully closed a bond swap offer aimed at reducing its colossal debt pile and averting a chaotic default that would pitch the euro zone into a fresh crisis.

European finance ministers insisted on much tighter oversight of Greece's spending and austerity efforts

There are strong doubts among some of the euro countries if a second massive bailout could save Greece

Greece's parliament has approved an austerity and debt-relief bill, crucial for the country to avoid bankruptcy and remain in the eurozone. Lawmakers voted early Monday in favor of the bill that imposes harsh new austerity measures in return for a euro 130 billion ($171 billion) new bailout agreement and related deal with private creditors to shave...

Eurozone finance ministers put off a decision on Thursday on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in aid.

World stock markets pushed higher on rising speculation Greece was ready to sign off on an austerity deal.

Greece desperately needs to secure the second bailout and the bond swap deal that seeks to halve its debt load.

Finance Minister Evangelos Venizelos late on Tuesday said ballots would be set in late April to enable critical negotiations with the eurozone and banks holding Greek sovereign debt to be concluded.

  Finance Minister Evangelos Venizelos has submitted Greece's 2012 budget, which projects the budget deficit to contract from 9 per cent of gross domestic product this year to 5.4 per cent next year. The country will remain in recession, according to the budget submitted Friday. But it will also post a primary surplus — a budg...