Euro ministers back 10 billion euro Cyprus bailout

DUBLIN (Reuters) - Euro zone finance ministers backed a 10 billion euro bailout for Cyprus on Friday and the European Commission said it would try to help the island's economy grow again with better use of EU structural funds.

EU leaders agree budget cut deal in Brussels

EU leaders have reached an agreement on the budget for 2014-20 after marathon talks in Brussels.

Euro-zone debt crisis enters challenging new phase

SYDNEY (MarketWatch) — Rallying European stocks and bonds reflect a growing belief that both the euro zone and the European Central Bank are at last taking the correct policy actions to combat the region’s debt crisis.

EU settles for 2% budget increase

The European Union has been forced to accept a 2% rise in its budget next year - much less than the increase it wanted of around 5%.

Demand Seen for Portugal Bailout Bond

LONDON—The European Financial Stability Facility—the euro zone's temporary sovereign bailout fund—set final terms on its first bond to be issued in support of the Portuguese aid program.

Demand for the €5 billion ($7.22 billion), 10-year bond was solid, with order books reaching €8 billion, one of the banks running the sale said.

The bailout fund, which consists of €440 billion in loan guarantees, is one of the facilities set up to help support fiscally stressed European countries. It already has issued bonds for Ireland's bailout package, and functions alongside the European Financial Stabilization Mechanism—a €60 billion lending facility funded by the European Commission using the EU budget as collateral.