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IMF frees USD 4.6 billion in aid for Greece

Last Updated: Saturday, May 31, 2014, 03:47

The International Monetary Fund released USD 4.6 billion in aid to Greece today, after a yearlong delay to ensure Athens was meeting targets set by bailout lenders.

EU leaders agree to adopt first ever austerity budget

Last Updated: Friday, February 08, 2013, 23:28

Expecting to help millions who are struggling through government cutbacks and recession, European Union leaders reached an agreement on the first ever cut in their common budget.

Spain unveils $36 billion austerity budget

Last Updated: Friday, March 30, 2012, 19:24

Spain's government unveiled on Friday a euro 27 billion (USD 36 billion) deficit-reduction package including spending cuts and tax hikes on large companies, as it scrambles to convince the EU and investors that it won't need a bailout.

Greece drafts bailout text for parties as talks inch forward

Last Updated: Tuesday, February 07, 2012, 22:49

Safe haven German government bond futures reversed gains on news of progress in the talks, while the euro also rose against the dollar.

Greece okays austerity budget after street clashes

Last Updated: Wednesday, December 07, 2011, 12:52

Greece`s coalition government on Wednesday passed an austerity 2012 budget aimed at shrinking its debt mountain with tax hikes and spending cuts, hours after protesters clashed with police outside Parliament.

Greek austerity budget approved by parliament

Last Updated: Wednesday, December 07, 2011, 08:59

A Greek austerity budget setting out tough deficit goals passed through parliament early today as European leaders came under mounting pressure to tame the eurozone's burgeoning debt crisis.

Italian parliament adopts whopping austerity budget

Last Updated: Saturday, July 16, 2011, 00:12

Italy's parliament on Friday gave final approval to a whopping 48-billion-euro (USD 68-billion) austerity budget aimed at slashing the public deficit by 2014 and reassuring nervous financial markets.