ECB's Hansson says full-scale QE before Greek elections 'problematic': Bloomberg

(Reuters) - European Central Bank Governing Council member Ardo Hansson said he would find it "problematic" to announce large-scale purchases of government bonds this month that included Greek debt.

Cyprus parliament readies for bailout vote

NICOSIA: Cyprus' lawmakers are voting Tuesday on a multi-billion bailout agreement aimed at preventing the country from going bankrupt.

Spanish Bonds Rise in Week on ECB Faith After Italian Election

Spanish bonds rallied this week, in spite of a political impasse sending Italian yields to a three- month high as investors bet the European Central Bank will prevent a fresh debt crisis in peripheral bond markets.

ECB to hold rates, guidance for 2013 eyed

(Reuters) - The European Central Bank may give a guide to next year's policy path when it delivers fresh forecasts for the euro zone economy on Thursday at a meeting where it is expected to leave interest rates at a record low.

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.

Cyprus to make more cuts to meet deficit target

NICOSIA, Cyprus (AP) — Cyprus' finance minister said Monday that more austerity measures will be needed to meet a deficit target of 2.5 percent of gross domestic product this year.

Next Time, Greece May Need New Tactics

The Greek government was able to legally strong-arm most of its private bondholders into accepting the debt reduction deal it completed Friday. But next time — and experts predict there will almost certainly be a next time — Greece might have much less leverage.

EU summit: Greek second bailout delayed another week

Greece will not get funds from a second EU/IMF bailout until its private creditors give final approval for their losses next week, EU ministers say.

Global Demand for U.S. Financial Assets Rises on Europe

Jan. 18 (Bloomberg) -- Global demand for U.S. financial assets rose more than forecast in November, boosted by investors seeking shelter from the European debt crisis.

Germany and France say debt talks advancing

BERLIN - German Chancellor Angela Merkel and French President Nicolas Sarkozy pushed Monday to speed up Europe's efforts to control the two-year governmental debt crisis.

Greece to hold referendum on EU aid package

The European debt-relief plan, agreed to last week, has been thrown into doubt as Greece now says it will hold a referendum on whether to approve it.

Debt crisis not over says Trichet

Outgoing president of the European Central Bank (ECB) Jean-Claude Trichet has warned the eurozone debt crisis is "not over".

The European Financial Stability Facility: Q&A

Greece is set to lead the eurozone's first-ever default as European leaders agreed that the private holders of Greek debt will take a hit of €106bn over eight years. Here, we look at what the expanded EFSF is.

ECB Constancio: Restructuring Could Increase Contagion Risk

FRANKFURT (MNI) - The troubled peripheral Eurozone countries of Greece, Portugal and Ireland are clearly different from other Eurozone states, but the market calculus could change should a restructuring of Greek debt produce a contagion effect, European Central Bank Vice President Vitor Contancio said Wednesday.

At a press conference where he presented the ECB's Financial Stability Review, Constancio noted the recent increase in spreads on the sovereign debt of some other Eurozone countries. "I would not draw any conclusion from what has happened over the past few days," he said. "There is a very clear-cut distinction between those three countries and all the others."