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

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

Greek police on Sunday fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed in a rally against austerity plans being debated by lawmakers.

Police s

Greek Prime Minister Lucas Papademos has told lawmakers to back a deeply unpopular international financial rescue in a vote on Sunday or condemn the country to 'uncontrolled economic chaos and social

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

Greece's coalition government early Saturday ‘unanimously’ approved a eurozone debt deal and accompanying austerity measures to avert a looming bankruptcy, the prime minister's office said.

"There wa

Eurozone finance ministers put off a decision on Thursday on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in ai

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