Greek Prime Minister George Papandreou will step down, provided Greece approves to the 130 billion euro bailout deal. Papandreou will meet Monday with Antonis Samaras, leader of the
Greek Prime Minister George Papandreou's proposal for a national referendum on the bailout may be derailed as his party fights opposition from within. Party members have abandoned him
Greek Prime Minister George Papandreou called for a national referendum on the bail-out deal, a surprise move that shocked European leaders and caused stock markets to drop dramatically.
European Union leaders announced Thursday an agreement over debt crisis measures, including convincing private sector investors to take a 50% loss on Greek bonds. World markets surged in
European Union leaders continue to debate on a comprehensive plan to solve the eurzone's debt and banking crisis. The crisis poses the largest threat to the euro since
Greece is headed towards default, and experts now are concerned about the timing. The other countries in the European Union are creating conditions under which it could default
Investors remain nervous about Greek debt and the effect it will have on the global economy. A weak open is expected for U.S. stocks. To combat the growing
