Ireland Financial Crisis

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  ECB's Draghi Stimulus Hint Knocks Euro, Commodities Buckle

  Facing an unusually high number of critical questions from lawmakers compared to similar earlier hearings, including from one parliamentarian who accused the ECB of being an 'arsonist' during Ireland's financial crisis, Draghi defended the transparency of the central bank.

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  East Bengal hire Brazilian father-son duo

  In the wake of the prevailing financial crisis in West Bengal, East Bengal had some budget restraints as club president Dasgupta arranged funds to sponsor the coach, secretary Kalyan Majumdar revealed.

• Euro Zone agrees 10 billion euros bailout for Cyprus

  International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said. Cyprus is the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help in the wake of the sovereign debt crisis that started in 2010.

• IMF economist accuses Fund of suppressing information

  Peter Doyle said the IMF's failed to issue timely warnings for both the 2007-2009 global financial crisis and the euro zone crisis.

• Cyprus becomes 5th eurozone state to seek bailout

  The island nation said it required assistance following "negative spillover effects through its financial sector, due to its large exposure in the Greek economy."

• Why Spain's banks can make the country bankrupt

  Spain is under rising pressure to find a lifeline for its deeply troubled banks. As Spain's leaders struggle for a solution to their banking crisis, the country's borrowing costs have soared close to the level that forced the governments of Greece, Portugal and Ireland to seek financial rescues. Experts are worried that the recession-hit country ca...

• Oil below $102, biggest monthly fall in 2 years

  Oil fell below $102 on Thursday as poor U.S. economic data and worries over Spain's deepening debt crisis brought a wave of selling across markets.

• Eurozone agrees on temporary boost to rescue financial capacity

  The move is aimed at preventing a new flare-up of Europe's sovereign debt crisis, but markets may judge it too small.

• Greece faces uncontrolled default without labour cost cuts

  Greek Prime Minister has said it faced an "uncontrolled default" in March unless unions and employers can quickly agree on labour cost cuts to boost competitiveness.

• Torrent of bad financial news flows out of Europe

  Alarming financial news flowed out of Europe in a torrent Friday, just a week after the EU deal

• European Union agrees to Ireland bailout

  Debt-struck Ireland on Sunday formally appealed for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable only a few years ago when Ireland was a booming "Celtic tiger" and the economic envy of Europe.European Union finance ministers quickly agreed to the bailout.Irish Prime Minister Brian Cowen sa...