Eurozone finance ministers have released 35 billion euro from the second bailout package for debt-ridden Greece shortly after the government in Athens reached a landmark deal with private creditors on

Stricken eurozone member Greece seems to have clinched a high-stakes debt swap as a deadline for bondholders to accept huge losses on their Greek holdings passed, opening the way for an urgent bailout

Moody's further cut Greece's credit rating Friday citing the losses private investors will incur after a recent deal to write off 107 billion euros ($141.3 billion) of Greek sovereign debt.

Moody's l

An elderly unemployed Greek took two people hostage while injuring three others inside a plastic factory in a northern Greek city Thursday, media reported.

The man wounded the manager, a Bulgarian w

Greece's parliament late on Tuesday approved fresh budget cuts linked to a new eurozone bailout after a scalding credit downgrade soured efforts to cancel nearly a third of its huge debt.

A coalition

Ratings firm Standard & Poor's on Monday cut the credit rating of Greece to ‘selective default’ after banks agreed to write off more than half of their Greek debt holdings in a second EU bailout of th

German parliament is set to vote for the second financial bailout for Greece amid signs of a new dispute within Chancellor Angela Merkel's centre-right coalition over whether the debt-laden nation sho

Oil prices climbed on Tuesday after debt-laden Greece secured a huge bailout and as traders kept a close watch over Iran, analysts said.

Crude prices had reached their highest levels in nine months

Euro zone finance ministers sealed on Tuesday a second bailout for debt-laden Greece that will resolve its immediate financing needs but seems unlikely to revive the nation's shattered economy.

After

The euro jumped more than one US cent after news that European finance chiefs had agreed a crucial deal to provide a massive bailout to debt-wracked Greece.

The common European currency jumped to $1.