Money Snatchers

The cost to insure debt payments from Hungary jumped the most in six weeks and the forint tumbled after the International Monetary Fund and European Union ended talks with the government without endorsing Prime Minister Viktor Orbans plans to control the budget deficit.

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Eurozone banks could face a credit crunch as they compete with governments for funds in coming years, analysts and the European Central Bank say.

Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper.

If there was a doubt about it, there isnt any more, one analyst said. The European debt crisis is not simply a Greek phenomenon.

March 14 — European Central Bank council member Ewald Nowotny said that some euro-region governments may face a “debt spiral” if they don’t starting cutting their budget deficits next year.

Oil prices rose for a third consecutive session Wednesday amid optimism that a rescue plan for Greece and other debt-challenged European nations may be near.

Oil prices rose for a third consecutive session Wednesday amid optimism that a rescue plan for Greece and other debt-challenged European nations may be near.

The latest turn in the global financial crisis has ensnared the debt of some European nations. The fact that these nations are members of a monetary union has generated much confused comment. Here one the world’s leading experts on …

Jan. 18 — The cost to borrow in the corporate bond market is rising for the first time since November as Barclays Plc, Lloyds Banking Group Plc and more than a dozen other European banks sell record amounts of fixed-income securities to refinance $2 trillion of debt due this year.