A €45bn emergency rescue package is being set up for Athens, but doubts are being raised as to whether it will be enough

Eurozone finance ministers yesterday agreed on a €30bn loan commitment to Greece over the next year to help manage its debt crisis, as part of a three-year commitment, with the IMF potentially providing another €15 billion. Greece has not yet asked for the loans, but if put into action the agreement would be the biggest multilateral financial rescue ever attempted.

Germany and possibly France are expected to take the lead in any aid package the EU draws up to help Greece weather its mounting debt and deficit crisis, although the structure, size, nature and any conditions attached to a deal remain unclear. "We have to help Greece, and Europe will do it as well as the Eurogroup," Spanish Prime Minister José Luis Rodriguez Zapatero said on Wedn...

This means that haircuts on Greek government bonds are arithmetically unavoidable, given EU taxpayers are unlikely to provide almost €100bn to Greece in aid, writes Sony Kapoor

Plans are emerging to rescue the collapsing Greek economy, however, these plans are also designed to save the whole Eurozone from complete annihilation. The plans call for a 50% write-down of Greece’s governmental debt while hoping to increase the European bail-out fund to a ridiculous £1.7tn. Rather than assure investors that the plan would stabilise the

Eurozone finance ministers approved a giant 30-billion-euro emergency aid mechanism for debt-plagued Greece on Sunday (11 April) but stressed Athens had not requested the plan be activated yet.

International lenders are close to a deal to wind down Greece's €110bn bail-out and launch a new rescue but face differences on how much bondholders will contribute

WORLD markets rallied yesterday after eurozone leaders agreed a new €109 billion (£96 billion) rescue deal for debt-laden Greece, allaying fears of the collapse of the

I have just visited the two countries that are making the headlines in the European newspapers – Germany and Greece. During my trip, I met officials, journalists, and key advisers to both Prime Minister Papandréou and Chancellor Merkel. Sitting on the flight back to London I have regrettably come to the conclusion that the Euro is probably done for – or that Greece will default in...

Government faces backlash over plans to rescue economy after pound falls in value to less than a euro