euro

By Michele Kambas and Karolina Tagaris NICOSIA (Reuters) - Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing euro zone efforts to rescue the latest casualty of the currency area's debt crisis into disarray. The...

By Michele Kambas NICOSIA (Reuters) - Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a source said. In a radical departure from previous aid...

AP - Seeking to restore confidence in the euro, the leaders of France and Germany jointly have called for changes to the European Union treaty so that countries using the euro would face automatic penalties if budget deficits ran too high. More...

Moody's cut Spain's debt rating on Thursday, pushing the euro lower and deepening the sense of crisis in the 17-nation currency bloc on the eve of a crucial summit. German Chancellor Angela Merkel signaled to lawmakers in a closed-door meeting that she was prepared to agree an increase in...

http://cnn.com/video/?/video/business/2011/01/27/qmb.davos.pm.papandreou.cnn -- Despite deep public spending cuts that triggered waves of protests last year, Greece will not default on its debt payment obligations, Prime Minister George Papandreou told CNN. "This is not on the books ... it's...

Medvedev hopes euro 'gets well soon' KRYNICA, Poland, (UPI) -- Fluctuations in the euro can hurt Russians who have their savings in that currency, President Dmitry Medvedev said Saturday. At the International Economic Forum, Medvedev said the world needs more than two reserve currencies, RIA...

Russia says euro must be stabilized MESEBERG, Germany, (UPI) -- Russia's president says Europe needs to stabilize the euro or face the possibility of a financial crisis worse than the 2008 recession. Dmitry Medvedev made the remarks in Meseberg, Germany, RIA Novosti reported Saturday. "This...