A day before a deadline for Cypriot lawmakers to come up with 5.8 billion euros for their country's bailout, President Nicos Anastasiades is in Brussels to convince eurozone finance ministers to approve the loans.
The European Commission has for the first time ever rejected the budget of a member state, as it said the spending plans of Italy's populist government were violating the bloc's debt limit and needed revision.
Eurozone finance ministers have sided with the European Commission, slamming Italy's resolve to stick to its controversial budget. Brussels has rejected Rome's 2019 fiscal plan and demanded changes.
Greece will exit its stability program on Monday. How has the Greek economy developed since austerity was imposed in 2010? And is Greece prepared to meet the budgetary targets? A data analysis provides answers.
The International Monetary Fund (IMF) has been described as the lender of last resort for countries in financial distress. But the stiff medicine doled out by the fund is still subject to huge controversy.
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