The euro zone’s private sector tipped further into decline in October, according to business surveys on Monday that showed the bloc’s economy is in serious danger of lurching from stagnation into…
Euro zone talks are progressing well on banks and the European Financial Stability Fund, and progress is also being made on Greece, French President Nicolas Sarkozy told a press conference on Sunday.
Markets are on a rollercoaster ride between hope and despair ahead of a weekend summit of European Union leaders to discuss solving the euro zone debt crisis.
Dexia, the stricken Franco-Belgian lender that has been at the center of recent market turmoil, loaned €1.5 billion ($2.06 billion) of fresh capital to its two largest institutional shareholders…
Greek lawmakers have passed a deeply resented austerity bill that has led to violent protests on the streets of Athens, despite some dissent from one Socialist lawmaker.
Angry protesters vowed to bring Greece to a standstill on the second day of a general strike on Thursday while disgruntled lawmakers vote on the details of a deeply unpopular austerity package needed…
Britain’s economic recovery is off track, Sir Mervyn King warned, as he defended the Bank of England’s decision to pump money into the economy again by purchasing £75 billion ($118.2 billion) of…
Moody’s cut Spain’s sovereign ratings by two notches, saying high levels of debt leave the country vulnerable to funding stress.
