Virgin Atlantic’s £1.2 billion (€1.35 billion) bailout has been signed off by a UK High Court judge.
Last week, the airline’s creditors voted to approve...
Chancellor Rishi Sunak has decided against creating a specific support package for the aviation industry, which is suffering from a collapse in demand due...
Hopes for a breakthrough in bailout negotiations for cash-strapped Greece have been dashed again and another deadline has been set.
Athens once again failed to...
Greek government officials have reached agreement with creditors on the terms to restart bailout loan payouts, following months of tough negotiations. The terms include...
Greece and its international creditors have taken a big step towards an agreement that will ensure the cash-strapped country gets the money it needs...
Plans to support Italy's oldest bank are reported to have stalled following a communication breakdown between the EU and the European Central Bank (ECB).
In...
European banks struggled to make gains on Thursday as investors digested the prospect of a state bailout for struggling Italian lender Banca Monte dei...
European creditors have pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures by Athens.
Greek stocks fell sharply...
Greece’s Parliament has passed a budget of continued austerity as mandated by the country’s creditors, but which forecasts robust growth for 2017.
Prime Minister Alexis...
A senior official in Greece's finance ministry says the country is planning a gradual return to international debt markets next year.
George Houliarakis, a deputy...
