Bail Out

A plan to allow Greece to default on 50% of its debts has emerged from the IMF

Plan to allow 50% Greek default emerges from IMF meeting

A plan to allow Greece to default on 50% of its debt, extra funds for the euro bailout facility and the strengthening of eurozone banks has emerged from IMF talks this weekend.

Reports suggest political leaders are preparing for a further Greek default

G20 leaders discuss orderly default

Reports suggest that leaders in Washington this weekend are preparing the ground for the announcement next month at a G20 meeting in Paris of a Greek orderly default.

A leading economist has called on Greece to leave the euro

Roubini calls on Greece to return to the drachma

A leading economist, Nouriel Roubini, who successfully predicted the timing and scale of 2008's credit crunch has urged Greece to leave the euro and begin an orderly default.

George Osborne has said "time is short" to solve the euro debt crisis

Osborne says "time is short" to act on euro debt crisis

Ahead of a meeting of European leaders in Poland, the Chancellor, George Osborne has called on US and European leaders to act now to lead the eurozone out of the debt crisis.

European leaders are agreeing details on the second bail-out of Greece

Greece set to partially default on bond repayments

European leaders are meeting in Brussels to reach an agreement for a second Greek bail-out and latest reports suggest that an outline agreement has been reached.

EU officials agreed to advance Greece a further €12 billion this weekend

EU releases €12billion bailout payment to Greece

After passing unpopular austerity measures last week the European Union and International Monetary Fund (IMF) have agreed to release a further €12billion of funds to Greece.

A further bail-out loan to troubled Greece could be delayed

Greek bail-out loan could be delayed

A further €12 billion bail-out loan to Greece could be delayed as eurozone finance minsters insist that the Greek parliament pass economic reforms first.