EU

The Euro is near flat, after receiving a severe bludgeoning last week, amid speculation of a probable Greek exit of the Eurozone. In an unannounced meeting on May 6th, European Union Finance Ministers agreed to ease the terms of the $110 billion Euro bailout attained by Greece from the EU and the...

The Portugese Prime Minister said Wednesday that the International Monetary Fund and European Union had reached a deal to bailout the nation for more than $100 billion. The EU and the IMF Tuesday agreed to a 78 billion euro 3-year bailout, Prime Minister Jose Socrates commented.. Greece and...

Moody's Investors Service downgraded Ireland's credit rating two notches to Baa3 from Baa1 on Friday and said that the outlook for the financially troubled country remains negative. Moody's said that the key factors of its downgrade of Irish debt were the decline of the government's financial...

Ireland's (NYSE: IRE) parliament has approved its 2011 budget that meets International Monetary Fund (IMF) and European Union (EU) requirements. By meeting the requirements, Ireland secures an 85 billion Euro bailout. An AFP article reports the IMF released a statement saying, "We welcome approval...

Greece today accepted a stunning bailout from the IMF and EU totaling over 100 billion euros ($133 billion). In exchange for the bailout Greece agreed to strict budget cuts aimed at reducing the nation's massive budget deficit. The budget cuts amount to 30 billion euros ($40 billion) over three...