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.

Eurozone finance ministers approved a €110bn package of emergency loans for Greece on Sunday, €80bn of which will be provided by eurozone countries, and the rest from the IMF. The loans will be co-ordinated by the European Commission, with up to €30bn of the eurozone loans available in the first year.

No, it’s not dastardly speculators, not the CDS market, hedge funds or anything of the sort. In total, BNP Paribas, which has been at the centre of market fears connected to its exposure to eurozone sovereign debt, said it had reduced its government debt exposure by 25pc in the third quarter from €106bn (£91bn) to

EU finance ministers last night agreed to a two-part package worth €500bn, designed to support eurozone countries with liquidity problems and preventing the European sovereign debt crisis, which began in Greece, spreading further. After 12 hours of talks in Brussels, ministers agreed to a scheme of government-backed loan guarantees and bilateral loans worth up to €440bn provided by euroz...

Spain and Portugal are not facing fiscal difficulties as serious as those of Greece, says European Central Bank president, as market fears over the spread of debt crisis to other euro zone countries continued to place pressure on share prices

In the not so distant future there will be a resolution of some kind in the Greece government debt crisis! As the EU leaders meet in Brussels for the first summit of 2012, the Greece debt restructuring is apparently reaching an endgame as private investors seem to be on board with a 3-4% coupon and a 30-year maturity. Once the debt swap is completed Greece will be provided with another round of ba...

Eurozone finance ministers approved a €110bn package of emergency loans aimed at averting a sovereign default by Greece and preventing a confidence crisis spreading to countries such as Spain and Portugal

As EU leaders gear up for a series of key meetings this week, Open Europe has published a new briefing looking at the short-term options available to the eurozone for tackling the most immediate crisis. Open Europe argues that Greece should default on 60% of its debt through a managed restructuring, and that the planned second Greek bailout should be scrapped altogether, replaced by a limited tran...

Everything you always wanted to know about the Euro Debt crisis, but it was always just way to damn complicated to bother with! Courtesy of The New York Times, this chart will help the layman economist at least attempt to understand all of the currents and potential cross-currents of the Euro Debt crisis. The thing that is missing is the exposure of the US banking system to the crisis in the form ...

Bond issues are the first market test as Rome auctions €20bn of debt following the launch of three-year loans for banks by the ECB