* EU-IMF agree on cutting Greek debt-to-GDP level * Aim is to reduce Greek debt to 124 percent of GDP by 2020 * Interest...

Greece’s debt crisis could take a toll on its weekends. In exchange for a second bailout, Greece’s creditors are demanding that the country’...

* Samaras says Greece determined to stay in euro * Hollande says Greece must show commitment to reform * German finmin r...

When governments announce that the sale of assets, they usually mean industries and companies owned and operated by the state. Greece has something sl...

Whichever way you look at it, Sunday's election in Greece entails major uncertainties. What is clear is that, by itself, the outcome is very unlikely to immediately end turmoil and uncertainty. Indeed, even a simplified analysis entails many permutations and combinations.

NEW YORK — The unthinkable suddenly looks possible. Bankers, governments and investors are preparing for Greece to stop using the euro as its c...

A growing number of Greek workers are facing a stark choice: Work for no pay, or risk never getting paid again. An increasing number of Greek compa...

The euro appears to be a marriage of incompatible partners. Fortunately, there are alternatives to an ugly divorce. Rules that can be bent for banks can be bent for people and nations.

Angela Merkel's increasing isolation among European leaders should increase the chances that the austerity mongers may yet relent. But Merkel, thus far, shows no sign of moderating her stance.

Inconvenient truths point to the fact that spurring on the technocrats may help, but eventually the politics of Europe itself have to change.

There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.

If bank runs in Greece spread to Spain, Italy, Portugal, and Ireland, they will then spread to Belgium and France and from there to other parts of Europe and, potentially, even the U.S.

NEW YORK -- Europe's austerity fever is creating a "vicious circle" of economic pain, former Greek Prime Minister George Papandreou said on Thursday -...