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EU's Tusk urges debt relief as part of Greek deal

The European Union's chairman joined growing international calls for Greece to be granted debt restructuring as part of any new loan deal if it delivers convincing reforms to avert imminent bankruptcy. The call was an implicit challenge to Germany, Athens' biggest creditor,...

Syria ratifies fresh $1 billion credit line from Iran

Syrian President Bashar al-Assad signed a law ratifying a $1 billion credit line from top regional ally Iran, Syria's state news agency SANA said on Wednesday, funds which will help ease economic strains from the costly war. The agreement was between two state-owned banks, the...

Euro zone gives Greece until Sunday for debt deal

Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. "The stark reality is that we have only five days left...