US Treasury Secretary Timothy Geithner on Sunday threw Washington's support behind the new austerity measures agreed by Greece and said the US backed the idea of a new IMF loan for Athens.

"We welcom

The eurozone bailout Greece is desperate to clinch this week may rescue its banking and financial system but the path to real economic recovery will be long and hard, economists have warned.

"If the

European leaders expressed optimism on Friday that Greece would secure a new rescue package worth 130 billion euros though policymakers admitted urgent work was still needed to get its debt-cutting pr

Six centuries after the first one was minted and a decade after they went out of circulation, the last French francs are being exchanged for euros, severing France's final link to its former national

China will continue to invest in eurozone government debt, Chinese central bank governor Zhou Xiaochuan said on Wednesday, expressing his confidence in both the euro and in the ability of eurozone mem

The eurozone finance ministers have called off an emergency meeting in Brussels on Wednesday, which was intended to approve a USD 170 billion financial rescue package for Greece, raising new fears tha

Moody's on Monday downgraded the debt ratings of Italy, Spain and Portugal and placed negative outlooks on France, Britain and Austria, blaming the ongoing fallout from the eurozone crisis.

Ratings w

Asian shares and the euro gained modestly on Monday, relieved after Greece came a step closer to securing a much-needed bailout fund and avoiding a messy default, although most of the recent optimism

Greece's prime minister on Friday warned his crumbling coalition that the country faces ‘uncontrolled chaos’ without a debt deal while a two-day strike and protests in Athens left at least ten injured

The euro and shares pulled back on Friday as investors kept a cautious view over Greece's debt restructuring prospect, after Athens struck a long-awaited deal on fiscal reforms, paving the way for sec