Portugal Holds Local Elections as Deeper Spending Cuts Approach

Portugal holds local elections on Sunday, two weeks before the government hands in a budget proposal for 2014 that will include new spending cuts.

Bailouts still key issue as eurozone finance ministers meet

Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.

EU, IMF working on Greek debt compromise: Official

ATHENS: The EU and the International Monetary Fund are working on a compromise to break deadlock on Greece's debt mountain which has held up the latest rescue loans, a Greek finance ministry source said on Friday.

EU hopes for Greece bailout funds deal soon

BRUSSELS: The European Commission said Monday it hopes Greece and its international creditors will reach within days an agreement on extra measures Athens must take to get its next tranche of bailout funds.