Greeks Work on Crafting Now-or-Never Reform Plan to Keep Euro

Greece is working against the clock on a package of proposed reforms to convince European leaders headed by German Chancellor Angela Merkel that it can keep the euro.

ECB: Nearly half of bond holdings from Italy

FRANKFURT, Germany (AP) — The European Central Bank says Italian government bonds account for nearly half of its total holdings under a now discontinued bond-buying program launched in 2010 to ease the eurozone's debt crisis.

Yield on new Greek bonds spikes as swap ends

New Greek bonds issued in a historic debt writedown to erase nearly a third of of Greece's debt slumped in value on Monday, the same day the bond swap operation was completed.

European Central Bank to sit tight on rates this week: Analysts

FRANKFURT: No changes in eurozone interest rates are expected this week as the European Central Bank assesses the impact of recent moves to flood the banks with cash to avert a credit crunch, analysts say.

EU's Juncker: Deal Will Preserve Euro Area Financial Stability

BRUSSELS -(Dow Jones)- Euro-zone finance ministers early Tuesday agreed an ambitious EUR130 billion rescue deal that will see Greece's private creditors take an even larger loss in order to put the debt-laden country on a sustainable footing, said Jean-Claude Juncker, Luxembourg's prime minister and chairman of the Eurogroup.