Finance Minister Michael Noonan will hold a series of talks in Brussels on Monday and Tuesday about renegotiating bailout loans from the International Monetary Fund, Independent.ie reported. Mr Noonan has said taxpayers could save up to €375m per year if the State was able to pay-off a share of the IMF portion of the €67.5bn bailout. Any deal needs support from several quarters in Brussels but would give the Finance Minister plenty of scope to cut taxes in next month's Budget.

Bond market heavyweights, backed by Washington, have come up with a plan they say should avoid a repeat of the sovereign debt meltdown between Argentina and its holdout creditors, the Financial Times reported. The International Capital Market Association, a group representing banks, lawyers, brokers and issuers from 53 countries, has published new terms for government bonds that Leland Goss, managing director, says should reduce the risk of future sovereign debt restructurings being disrupted by a few holdout creditors.

What seemed at first to be a short-term banking crisis is looking more like a chronic condition, the International New York Times reported. But the name of the affliction probably does not matter as much to companies and consumers as the money, about $4 billion in all, that has been stranded at a big Bulgarian bank since the government seized it in late June. Most Bulgarian banks are operating as usual.

Auditor KPMG has refused to approve bailed-out Banco Espirito Santo's first-half report and accounts, published on Monday, citing the bank's failure to provide adequate information on its financial position and also warned of possible further losses, Reuters reported. BES's consolidated report confirmed a loss of nearly 3.6 billion euros (4.73 billion US dollar), first revealed on July 30, largely due to its exposure to its founding Espirito Santo family's crumbling business empire.

The prospect of quantitative easing in Europe is reviving the market for risky bank debt, with two European lenders testing the waters on so-called contingent capital, or CoCo, bonds after a monthslong drought, The Wall Street Journal reported. CoCos—which can convert to equity or be wiped out if the issuer's capital levels drop below a threshold—had a booming start to the year as banks took advantage of record low rates to bolster their balance sheets ahead of a banking-system health check this fall.

London’s property market stagnated for a second month in August as buyers became reluctant to accept high asking prices amid the prospect of increasing borrowing costs, Hometrack Ltd. said, Bloomberg News reported. The survey of real-estate agents showed values were unchanged in the capital in a “stark” change from the sharp increases over the past year that helped propel national prices to a record. Across England and Wales, values grew 0.1 percent in August, the same as in July, bolstered by gains in commuter towns in the southeast.

This week’s theatrical resignation threat by Manuel Valls, the French prime minister, combined with the deep anxiety about deflation revealed at Jackson Hole, Wyo., by Mario Draghi, the president of the European Central Bank, suggest that the euro crisis may be coming back. But a crisis is often an opportunity, and this is the hope now beginning to excite markets in the eurozone, the International New York Times reported.

A group representing more than 400 of the world’s largest banks, investors and debt issuers has agreed a plan for dealing with financially stricken countries and their creditors, in a bid to prevent a repeat of the wrangling that has pushed Argentina into default, the Financial Times reported. After months of talks convened by the US Treasury in the wake of Greece’s restructuring, global debt experts will on Friday unveil a new framework that could transform the relationship between critically indebted nations and lenders.

Finland's budget deficit will be so large in 2015 that it will violate the European Union's budget-balance rules designed to fix the euro zone's rickety public finances, the highest-ranking civil servant at Finland's Ministry of Finance said Thursday, The Wall Street Journal reported. A breach of these binding rules would mark a humiliation for Finland which only a few years ago was classified as a fiscally responsible euro area member and thus a natural ally of Germany, Europe's economic and political powerhouse.

A Swedish court on Thursday rejected an application from China's National Electric Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in 2012, for protection against creditors while it concludes funding talks, Reuters reported. The court called the solutions NEVS had outlined to secure funding "vague and completely undocumented," casting further doubt over the long-term future of the company, which has not built any cars in recent months due to a shortage of money.