An emergency multi-annual loan programme for Greece from its eurozone partners and the International Monetary Fund will be concluded in the next few days, the European Commission says

The European Commission tabled a raft of new proposals yesterday (23 November) aimed at drawing a line under the eurozone debt crisis by granting Brussels sweeping new powers to scrutinise national budgets and, in extreme cases, "administer" countries struggling with uncontrollable debt levels. More »

While hundreds of demonstrators took the streets in Greece yesterday (4 May) and international stock and bond markets sank, the European Commission tried to reassure investors that the multi-billion euro loan package, approved last weekend to help Greece tackle its debt problem, will be able to go forward without the approval of every eurozone member state. 

The European Commission will issue a 'green paper' on Wednesday (23 November) examining the scope for the introduction of eurobonds as a way to tackle the eurozone debt crisis. But the public consultation it will launch is unlikely to result in concrete proposals until next year, an EU official said. More »

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.

The European Commission lifts its expectations for economic growth in the eurozone this year but warns of risks posed by continued tensions in sovereign debt markets

The European Commission urges European Union governments to reach an explicit agreement next week on a financial standby facility for Greece to help it overcome its debt crisis

Brussels 05th May: Today Members of the European Parliament must go to a vote to prevent the European Commission from limiting public access to EU documents which it is required to do under its own laws.

The European Commission signalled its willingness to swing into action with a plan for a monetary fund equipped with sufficient resources to assist highly indebted eurozone nations such as Greece

The Commission's assessment will be closely watched by financial markets as they weigh Greece's credibility as a debtor. Sharp upward revisions to Greek deficit and debt figures last year led to ratings downgrades and sent yields soaring. "The Commission has assessed the programme. The envisaged correction of the deficit is feasible but subject to risks," Commission President Jos...