Australian banks are finding they’re not immune to the debt crisis engulfing Europe as a gauge of funding costs reached the highest in almost a year and bond risk surged to the most since July.
BusinessWeek.com — Finance
European Union leaders urged Greece to pass a package of budget cuts and vowed to do what’s needed to meet the country’s financing needs in July, the EU said in a statement in Brussels today.
BusinessWeek.com — Finance
Measures proposed by Greek Finance Minister Evangelos Venizelos to complete a 78 billion-euro ($ 111 billion) austerity package required to win a bailout were endorsed by officials from the European Union and International Monetary Fund, said a person familiar with the matter.
BusinessWeek.com — Finance
Greek Prime Minister George Papandreou faces a confidence vote in his government today that may determine whether Greece becomes the first euro-area country to default.
BusinessWeek.com — Finance
The euro fell for a third day versus the dollar in the longest losing streak since February
BusinessWeek.com — Finance
The euro fell for a third day versus the dollar in the longest losing streak since February
BusinessWeek.com — Finance
The euro fell for a third day versus the dollar in the longest losing streak since February
BusinessWeek.com — Finance
National Bank of Greece SA, the nation’s largest lender, offered to buy Alpha Bank SA, the third-biggest, for about 2.9 billion euros ($ 4 billion), nine months after the country’s international bailout.
BusinessWeek.com — Finance
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