Europe Weighs Greek Proposal as Tsipras Seeks Lawmaker Support

France praised a Greek package of reforms while other nations voiced skepticism, as lawmakers in Athens prepared to debate whether to support Prime Minister Alexis Tsipras’s plan to access a bailout of at least 53.5 billion euros ($60 billion).

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.

EU bailout fund releases Cyprus aid payment

BRUSSELS: The EU on Monday handed over the first two billion euros of loans agreed under the controversial Cyprus aid deal, the bloc's European Stability Mechanism said in a statement.

G20 to urge members to act against economic uncertainty

MEXICO CITY (Reuters) - The Group of 20 leading nations will urge countries to make the most of safety nets, including Europe's bailout fund, to limit uncertainty in the global economy when policymakers meet early next month, Mexican Deputy Finance Minister Gerardo Rodriguez said on Friday.

European Ministers Debate Bailouts

NICOSIA, Cyprus—Euro-zone finance ministers indicated Friday they are open to giving Athens more time to meet budget targets and that they aim to decide by the end of October on whether to give Greece its next installment of a bailout money.

Germany's Finance Minister Wolfgang Schaeuble confident of go-ahead for eurozone pacts

STRASBOURG: Germany's Finance Minister Wolfgang Schaeuble said Monday he was confident the country's top court will not block the signing into law of the eurozone's key crisis-fighting tools.

China's Wen Tamps Down Concerns Over Europe Aid

BEIJING—Chinese Premier Wen Jiabao on Friday sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.