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Greece unveils new Cabinet, Evangelos Venizelos stays as finance minister
Greece's new unity government under interim Prime Minister Lucas Papademos was sworn in on Friday to ratify a crucial EU bailout deal and pull the country back from the brink of bankruptcy. Finance Minister Evangelos Venizelos kept his post in the
Updated: 11/11/2011 09:38A
Ireland's former richest man declared bankrupt
Quinn, 64, developed a quarrying operation in the northern county of Fermanagh in 1973 into a global organisation with insurance and property interests. He amassed a fortune of 4 billion euros ($5.4 billion), before investing massively in the now
Updated: 11/11/2011 09:34A
Italian lawmakers give initial approval to reforms
Italian lawmakers on Friday gave their initial approval to a package of key economic reforms aimed at staving off bankruptcy including state asset sell-offs and a liberalisation of local services. Final approval of the measures by the lower house
Updated: 11/11/2011 09:31A
Key reforms win initial approval in Italy
Rome - Italy's Senate on Friday gave its initial approval to a package of key economic reforms aimed at staving off bankruptcy including state asset sell-offs and a liberalisation of local services. Final approval of the measures by the lower house
Updated: 11/11/2011 09:30A
Irish Tycoon Declared Bankrupt With Almost $4 Billion In Debts
Despite running his business in Ireland, Quinn filed for bankruptcy in Northern Ireland based on the fact that he was born and raised there. This move allows him to re-enter business in one year where as a filing in Ireland would have resulted in a 12
Updated: 11/11/2011 09:29A
Ireland's 'Wealthiest' Man Declares Bankruptcy
Sean Quinn, once celebrated as the wealthiest man in Ireland, has filed for bankruptcy, according to British and Irish media. The Belfast High Court granted him granted him a voluntary adjudication on
Updated: 11/11/2011 09:28A
MF Global Customers Have Few Options to Access Frozen Cash
He's now been told SIPC may not cover the money because it was in a futures account and faces months of uncertainty as he files a claim seeking recoveries. Monjure is one of many customers who can't access cash in the segregated accounts they once
Updated: 11/11/2011 09:28A
Guardian: Irish UHNW declares bankruptcy
The bankruptcy order was made in Belfast high court. If he had chosen to declare himself bankrupt in the Republic, Quinn would have had to wait for 12 years before seeking a bank loan or establishing any new company. The property tycoon and owner of
Updated: 11/11/2011 09:24A
New Greek PM Papademos sworn in: TV
ATHENS: New Greek interim Prime Minister Lucas Papademos was sworn in Friday at the head of a unity government tasked with ratifying a key EU bailout deal and saving the country from bankruptcy, TV footage showed. The ceremony to swear in Papademos
Updated: 11/11/2011 09:21A
Ex-EU commissioner Dimas takes Greek foreign ministry
Former European environment commissioner Stavros Dimas was appointed on Friday to the foreign ministry in a Greek unity government tasked with saving the country from a looming bankruptcy, AFP reported. Dimas and other members of the main opposition
Updated: 11/11/2011 09:21A