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Greek debt crisis worsens as EU revises figures

ATHENS Greece - (APINTL) Markets pushed Greece closer to an expensive bailout after the EU raised its estimate of the country's budget deficit Thursday and a top agency downgraded Greece's credit rating. The twin moves caused the heavily indebted nation's borrowing costs to spike to unsustainable...

EU president: Greece will get aid in time

TOKYO - (AP) The European Union's president said Wednesday he is fully confident that debt-laden Greece will receive the financial assistance it needs in time to address its debt problems and to preserve eurozone stability. Negotiations on a euro 45 billion rescue package are "on track"...

EU creates $1 trillion package to save euro

BRUSSELS - (APINTL) The European Union put up a staggering $1 trillion Monday to contain its spreading government debt crisis and keep it from tearing the euro currency apart and derailing the global economic recovery. Analysts said the huge sum supplied the "shock and awe" markets had been...

EU lays out tighter rules to stem debt crisis

BRUSSELS - (AP) European Union officials urged a crackdown on widespread government overspending, calling Wednesday for much closer economic coordination between EU nations to curb the acute debt crisis that has threatened to sink their shared currency. The plan by the EU's executive commission...

EU, IMF team in Athens to review deficit progress

ATHENS Greece - (APINTL) A delegation from the International Monetary Fund and the European Union arrived in Athens Monday for an interim review of Greece's efforts to pull itself out of a major debt crisis that pushed it to the brink of default. The delegation, which will stay in Athens for the...