Greece set to agree bailout as Germany demands action

ATHENS: Greek lawmakers looked set to endorse a new and deeply unpopular austerity deal on Sunday to secure a multi-billion-euro bailout and avert what Prime Minister Lucas Papademos warned would be "economic chaos".

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.

Greece Agrees to Harsh New Spending Cuts as Lenders Ratchet Up the Pressure

ATHENS — Pushed against the wall by its foreign lenders, the Greek government agreed on Sunday to drastic new spending cuts but failed to complete an arrangement that would unlock the financing the country needs to prevent default. It agreed instead to resume talks on Monday.

Greece holds new talks on bond swap

ATHENS, Greece (AP) — The Greek government will hold a second day of talks Friday with representatives of private bondholders on a crucial debt relief deal, without which it could suffer a catastrophic bankruptcy that would send shockwaves through the global economy.

Greek government gets more time to rescue economy

Early elections in Greece have been delayed to give the interim government more time to rescue the country's crisis-hit economy, but political uncertainty looks set to complicate delicate talks with creditors.