Greece braced for further anti-austerity protests while the country’s parliament was debating legal changes that would clear the way for a debt restructuring.

Greece braced for further anti-austerity protests while the country’s parliament was debating legal changes that would clear the way for a debt restructuring.

The European Commission proposed to suspend €495 million in European Union budget funds for Hungary in 2013 unless it acts quickly to cut its deficit.

The European Commission proposed to suspend €495 million in European Union budget funds for Hungary in 2013 unless it acts quickly to cut its deficit.

A sale of new German two-year note attracted solid demand, as a bounce in yields from historic lows encouraged those seeking safe-haven investments.

Business activity in the euro zone contracted unexpectedly in February, reviving fears that the region is heading for recession.

Fitch downgraded Greece’s credit rating to C from triple-C after confirmation of the country’s second bailout package, which includes a debt exchange that will force bondholders to take a loss on holdings of Greek debt.

Fitch downgraded Greece’s credit rating to C from triple-C after confirmation of the country’s second bailout package, which includes a debt exchange that will force bondholders to take a loss on holdings of Greek debt.

Germany’s new treasury note attracted solid demand, with a bounce in two-year borrowing costs from historic lows providing encouragement to investors seeking safe-haven investments.

Greece’s bailout and debt-restructuring deal spawned some relief, but the overriding reaction was one of unease that the tough agreement, which has already generated huge opposition, is bound to fail.

Greece’s bailout and debt-restructuring deal will leave it with a huge debt burden and presents implementation challenges that may derail the program and prevent a return to growth.

Financial markets that had long been captivated by the Greek drama barely shrugged in response to news of an agreement—and certainly didn’t register any bouts of relief.