No extension to Greece's aid programme: Germany

BERLIN: Germany said on Friday that the terms of a crucial aid package for Greece should not be changed, after a report said Chancellor Angela Merkel would allow Athens "a few weeks" more to meet its commitments.

UK needs extra spending cuts, says OBR

The UK government must make deeper cuts or raise more money in the future to keep public finances in check, the Office for Budget Responsibility says.

Italy eyes euro zone aid to ease debt pain

(Reuters) - Italy said on Tuesday it may want to tap euro zone aid to ease its borrowing costs as finance ministers struggled to convince markets they are getting a grip on the bloc's debt crisis, which a top European Central Banker said could escalate.

Spain Gets Further Concessions on Its Bailout

MADRID — In the early hours of Tuesday morning, Spain squeezed additional concessions from its euro currency bloc partners, both in terms of guaranteeing rescue aid for its banks and loosening Madrid’s budget deficit targets.

German "wise men" reiterate call for redemption fund

(Reuters) - Germany's panel of government economic advisors said on Friday the decisions made at last week's EU summit could stabilize the euro zone in the short term but do not solve the crisis which could still escalate further.

As economy steadies, number of bank failures falling

WASHINGTON — Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008.

China rate cut a gamble that banks will boost economy

BEIJING (Reuters) - China's second surprise rate cut and lending reform in the space of a month shows that Beijing wants borrowing to play a greater role in reviving an economy struggling with its weakest pace of growth since the global financial crisis.