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Draft says bailouts only for states signing EU budget treaty

BRUSSELS: Bailouts will only be offered to European governments that ratify a new budget pact aimed at avoiding a repeat of the eurozone debt crisis, according to a new draft of the treaty.

Greece deal fails to convince, EU demands more

BRUSSELS/ATHENS (Reuters) - Greek political leaders said they had clinched a deal on economic reforms needed to secure a second EU bailout, but euro zone finance ministers demanded more steps and a parliamentary seal of approval before providing the aid.

Irish vote, German court add uncertainty

DUBLIN: A planned referendum in Ireland and a German court ruling cast new uncertainty over efforts to overcome the eurozone’s debt crisis, just when a flood of central bank money appeared to be calming financial markets.

IMF chief calls on US for more ‘firepower’

WASHINGTON: The International Monetary Fund (IMF) managing director Christine Lagarde implored the United States to help back-stop debt-ridden European countries, wading neck-deep into bubbling US political waters.

Euro zone market turmoil to last 12-24 months: German finance minister

PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble said on Friday that market turmoil surrounding the euro zone crisis could last another 12 to 24 months and he urged Greeks to decide whether they wished to stay in the single currency.

Poll: Best country in the world for women is Canada, worst India(update)

LONDON: Policies that promote gender equality, safeguards against violence and exploitation and access to healthcare make Canada the best place to be a woman among the world's biggest economies, a global poll of experts showed on Wednesday.

Falling oil prices put Iran over U.S. sanctions barrel

WASHINGTON: For most of this year, the threat of tough U.S. sanctions on Iran, the world's third-largest oil exporter, helped push crude oil prices higher and higher, adding a menacing headwind for struggling global economies.

German politicians concerned about bigger role for ESM

BERLIN: Politicians in Germanys ruling centre-right coalition have expressed renewed concerns about an increased role for the euro zones permanent bailout fund, which is at the centre of a court case after the German parliament approved it in basic form.

Stocks rise on German backing for ECB action

NEW YORK: Global shares and the U.S.dollar advanced on Friday as apparent support from German Chancellor Angela Merkel for European Central Bank intervention to calm the euro zone's debt troubles lifted investor sentimentfor a second day.

ECB's Asmussen: Greek exit manageable but not preferable

BERLIN: A Greek exit from the euro zone would be manageable, European Central Bank policymaker Joerg Asmussen was quoted on Monday as saying, although he would prefer it if the crisis-stricken country remained within the single currency bloc.