greece

Exactly one year ago, an outbreak of flu in Mexico led to fears of a global pandemic. 'Swine Flu' did indeed spread around the world, however for most countries it had only a limited effect on economic output. We are now facing something that is likely...

Greece may have to temporarily leave the euro currency bloc in order to shore up its finances, a member of Germany's junior coalition party said today.

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Greece bowed to international pressure last week by formally requesting a bailout from the eurozone member countries and the International Monetary Fund.

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Greece has sent a formal request for its 45bn euro EU-IMF debt rescue package to be activated as its financial predicament worsens.

London's leading shares are showing slight gains this morning as a late recovery on Wall Street boosts investor sentiment.

Greece could be forced to reluctantly accept the agreed EU and IMF bailout package after its borrowing costs surged to fresh highs yesterday.

German finance minister Wolfgang Schauble has pleaded with his country's citizens to back a joint EU-IMF bail out for Greece worth up to €45bn (£40bn), warning that failure to act risks a financial meltdown.