EU official: Greece needs extra $20 billion


BRUSSELS – Greece’s international debt inspectors have discovered that the debt-ridden country still needs an extra euro15 billion ($20 billion) in help – on top of a promised euro130 billion bailout and a euro100 billion debt relief from private investors, a European official said Thursday. The European Commission, the executive arm of the European Union, has asked the rest of the 17-country eurozone to help foot the bill for the missing euro15 billion, the official said, indicating that a limit has been reached of what can be achieved by Athens implementing further spending cuts and private investors taking losses on their Greek bonds. The gap could be filled either through more help from…

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Royal Caribbean: tragedy hurt near-term bookings

Royal Caribbean Cruises Ltd. says that the cruise ship tragedy off the coast of Italy is having a significant near-term impact on bookings but that cancellations have remained within normal levels.