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Greece Seeks To Revise Bailout Terms As Samaras Prepares To Unveil New Cabinet

Greek officials will present the proposed revisions at a euro zone finance ministers' meeting in Luxembourg on Thursday.

Greece Remains In Economic Death Spiral Despite New Government

The formation of a new Greek government Wednesday staves off fears of a swift departure from the euro zone by the Hellenic Republic. But this week's election and installation of a new administration merely extends the country's economic death-spiral as its economic woes remain deep and pervasive.

Greece Now Has A Government

After weeks of uncertainty, a Greek government has emerged following talks between Greece's center-right New Democracy party, which won Sunday's parliamentary elections, and the smaller leftist parties that lost seats.

BRICS To Unveil Major Increase In European Bailout Aid

The BRICS are expected to release data Monday on their contributions to the International Monetary Fund/European bailout package at the G-20 Summit in Mexico.

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Japan?s Q1 Economic Growth Revised To 1.2%

Japan's economy grew more than the initial estimate in the first three months of the year from the preceding quarter, indicating that the country is slowly regaining the growth momentum.

IMF Rewards Malawi With Loan Following Banda?s Reforms

Malawians have faced severe shortages and other economic problems since the IMF drastically reduced lending facilities last year.

Keep Your Bailout! Why Spain Doesn't Want Help (For Now)

The focus has turned to Spain, where banking debts last week sent Liberbank, Ibercaja and Caja 3, who together hold toxic real estate assets valued at around ?11.8 billion ($14.8 billion), into merger talks.

ECB To Keep Pressure On Governments, Could Signal Rate Cut

The European Central Bank is expected to hold back from policy moves when it meets on Wednesday, instead urging governments to address the euro zone's crisis, but it could indicate a readiness to cut interest rates as early as next month given a weakening economy and Spain's banking troubles.

Portugal To Keep 3 Big Banks Going With $8.2B

Portugal will give ?6.6 billion ($8.2 billion) to its three largest banks to help them beef up their balance sheets. Receiving the capital injection are two private banks, Banco Comercial Português and Banco BPI, and state-owned Caixa Geral de Depositos.

Asian Shares Dip On China, US Economy Doubts

Asian shares eased Friday, with China's factory activity data and a U.S. jobs report due later in the day making investors cautious as the escalating euro zone debt crisis threatened to further undermine growth worldwide.

World Bank President: Euro Bonds Need to Be On the Table

World Bank president Robert Zoellick is calling for the issuiing of a supranational euro bond that would be backed by credit guarantees from stronger euro zone economies while providing cheaper funding to struggling ones.

A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Shut Out: ECB Says No Candidate Nations Ready To Join Euro Yet

While speculation swirls about whether Greece is going to drop the euro, the European Central Bank said on Wednesday that none of the eight countries trying to get in the currency bloc are ready to join.

To Cut Or Not To Cut: Ireland Braces For Crucial EU Austerity Vote

Anti-treaty parties have gained significant support in the run up to Thursday's vote, with nationalists Sinn Fein rising to become the second most popular party, according to recent polls.

Greek Pro-Bailout Party Regains Lead Over Anti-Bailout Party: Polls

Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.

A European Union flag is seen in front of the Parthenon temple in Athens

Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump

European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.

Spain's Banks In Focus Ahead Of Bankia Rescue Plan

Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis.

An Egyptian man walks in front of a wall sprayed with graffiti depicting a tank, as a protest against the ruling Supreme Council of the Armed Forces (SCAF), near Tahrir Square in downtown Cairo May 16, 2012.

Egypt Goes To Polls For Historic Presidential Election

Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system.

Serbian President Losing To Nationalist Challenger

Serbia's rightist opposition leader Tomislav Nikolic was leading in a presidential run-off on Sunday against liberal incumbent Boris Tadic by 50 percent to 47.7 percent, according to a preliminary unofficial projection.

Spot Gold Prices Rally For 2.6% Gain

Spot gold rallied more than 2.6 percent on Thursday, its largest one-day gain since late January, as technical buy signals and new signs of a sluggish U.S. economy more than offset deepening despair over the euro zone.

Greece: New Democracy Party Leads Syriza In Polls

Greece's center-right New Democracy party has a slight edge among voters over the Coalition of the Radical Left, or Syriza, party ahead of the June 17th parliamentary elections, according to a new opinion poll.

Newly appointed lawmakers raise their arms during a swearing in ceremony in Athens

Greece Names Caretaker Cabinet Ahead Of Next Round Of Elections

Fears are escalating across Europe that Greece will have to exit the euro zone.

Japan?s Economy Grows 1% In Q1 On Reconstruction Activities

Japan?s economy grew in the first three months of the year from the preceding quarter, boosted by reconstruction activities in regions hit by last year?s tsunami.

Leader of the Left Coalition party Tsipras smiles during a meeting with Greek President Papoulias in Athens

Greece: Syriza Leader Attacks EU And Merkel, As Caretaker Government Takes Shape

Tsipras has said he wants Greece to remain in the euro zone, but has demanded that bailout agreements be renegotiated by providing more favorable terms.

International Monetary Fund's Managing Director Christine Lagarde addresses a roundtable discussion in Lagos

'It Would Be Messy': IMF Chief Lagarde Talks Of Potential Greek Euro Exit

The comments come amid a growing chorus of European ministers openly discussing the possibility of a Greek exit from the single currency.

Greek political leaders attend a meeting in Athens

Greece Sets New Elections, To Form Interim Caretaker Government

Last-ditch efforts to form a unity government on Tuesday failed, leading Papoulias to call these extraordinary measures.

Greeks Withdraw Cash On Concern About Euro Exit

Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and bankers sought to calm public fears after the president said political chaos risked causing panic and a run on deposits.