News
WSJ | Greece, Creditors Cite Progress on a Debt Pact
The Greek government and its private-sector creditors appeared to be closing in on a debt-restructuring deal on the basis of new proposals, raising hopes it would pave the way for another multibillion-euro bailout for the country.
Bloomberg | EU Sets Stricter Fiscal Limits in Bowing to Some ECB Requests, Draft Shows
European Union governments set tougher rules on budget deficits in the latest draft of a planned fiscal treaty, bowing to some objections raised by the European Central Bank.
Econ Comments & Analysis
WSJ | The Greece Next Door
Run up spending and debt, raise taxes in the naming of balancing the budget, but then watch as deficits rise and your credit-rating falls anyway.
