Italy’s Credit-Rating Outlook Raised to Stable by Moody’s

Italy’s credit rating outlook was raised to stable from negative by Moody’s Investors Service, which cited the government’s financial strength and reduction of risks from contingent liabilities.

Treasury 5-Year Yields Fall to Record on Europe Crisis

Five-year Treasury note yields fell to a record low as data showed the U.S. economic growth slowing and investor concern Europe’s debt crisis is worsening led to increased demand for the safest assets.

Spanish bank bailout moves forward

NEW YORK (CNNMoney) -- Eurozone finance ministers on Friday approved the terms of a bailout for Spanish banks and agreed to set aside €30 billion in emergency funds.

Eurozone debt crisis: how Greece could exit the euro

As global companies draw up contingency plans for a Greek exit from the euro, we examine the feasibility of Athens’ departure – from new drachmas to illegality and €1 trillion costs.It’s a tradition of Greek theatre that the real action takes place off-stage. Much the same might be said of the euro drama.

G20 finance ministers to hold crisis talks in Mexico

MEXICO CITY: G20 finance ministers and central bankers will meet this weekend in Mexico City to discuss the eurozone debt crisis and more money for the IMF following the latest rescue deal for Greece.

Greek Leaders Struggle for Agreement on Cuts

LONDON — Greek political leaders continued to struggle Wednesday to secure agreement on new austerity measures to be presented to the country’s financial backers in the coming days.

ECB May Wait for Investor Deal on Greek Swap

The European Central Bank is likely to refuse to show its hand on how it will help cut Greece’s debt burden until investors and the government have agreed to a deal, said economists from ING Group to Deutsche Bank.

Markets still buoyed by euro rescue hopes

LONDON (AP) — Markets were boosted again on Tuesday by hopes that the 17 countries that use the euro will finally come up with a plan to deal with their crushing debt crisis, but the surprise announcement that American Airlines and its parent company are filing for bankruptcy protection checked the buying momentum.

Europe agrees on EFSF, seeks deeper union: reports

LONDON (MarketWatch) — European officials have agreed on how to leverage a key rescue fund, while Germany and France are looking at how to deepen fiscal integration in the euro zone, according to news reports.