Greeks rally against austerity plan

2012-09-26 12:12

Greece face a paralysing general strike as unions protest at a new round of sweeping austerity cuts to be brought in next month to unlock vital EU-IMF loans.

China to help resolve eurozone crisis

2012-09-20 15:53

Chinese Premier Wen Jiabao says Beijing will maintain its attempts to end the eurozone debt crisis, after months of investing in European sovereign bonds.

Markets relieved by German court ruling

2012-09-12 13:02

The euro has surged above $1.29 for the first time in four months after Germany's highest court rejected calls to block the Europe's permanent rescue fund.

Eurozone economy shrinks by 0.2%

2012-08-14 16:15

The eurozone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth.

Monti fears Europe could tear apart

2012-08-05 13:37

Italian PM Mario Monti has voiced fears that tensions sparked by the eurozone crisis has turned countries against each other and must not be allowed to rip Europe apart.

IMF welcomes eurozone aid for Spanish banks

2012-07-20 16:54

International Monetary Fund chief Christine Lagarde has applauded a eurozone deal to provide aid to Spanish banks.

Spain banks to minimise hit for investors

2012-07-11 17:50

Spanish banks in line for European aid are trying to minimise losses for small savers who will be forced to take a hit on certain bonds and shares, under aid conditions.

Finland will not cover the eurozone debt tab

2012-07-06 17:17

Finland has no intention of footing the bill to cover the debt of other countries in the eurozone, says Finnish Finance Minister Jutta Urpilainen.

Growth the watchword at G20 summit

2012-06-19 17:52

The leaders of the world's major economies embarked on the final day of the G20 summit determined to kickstart growth and pull the eurozone back from the brink of disaster.

G8 leaders hope Greece remains in Eurozone

2012-05-20 13:27

President Barack Obama says the US and other G8 members agree Europe's financial crisis must be addressed with a mix of growth and austerity measures.


Spain's parliament on protest alert

2012-09-25 12:32

Spain's parliament took on the appearance of a heavily guarded fortress, ahead of a protest against the conservative government's handling of the economic crisis.

Spain banks' borrowing hits new ECB high

2012-09-14 12:06

Spanish banks' net borrowing from the European Central Bank has hit a record high in August as the country faced ever-tighter financing conditions.

ECB: Greek exit viable but undesirable

2012-08-20 12:04

The European Central Bank says Greece's departure from the eurozone would be manageable, but it would be preferable if the country stayed within the region.

European shares touch 4-month highs

2012-08-06 13:24

European equities touched fresh four-month highs, with investors shifting into financials from the more defensive drug makers and food producers.

Draghi under pressure to deliver euro pledge

2012-07-30 13:10

European Central Bank President Mario Draghi must back up his pledge to do what it takes to protect the euro when the bank's policymakers meet on Thursday.

Finland finally agrees to Spanish bailout

2012-07-20 11:45

Finland's parliament has approved a European aid package for ailing Spanish banks, as well as a deal for collateral from Spain in exchange for Helsinki's participation.

Eurozone to force Spain banks to hike capital

2012-07-09 13:06

Eurozone finance ministers have said they will oblige Spain's battered banks to further boost the share of rock-solid core capital.

Cyprus urges fair eurozone debt-sharing

2012-07-06 15:59

Financially troubled Cyprus complained of falling "unfairly" foul to Europe's debt crisis and urged eurozone nations to share debt according to size.

Spain's rescue loan sows debt fear

2012-06-11 15:13

Investors punished Spain's bonds as euphoria over a vast eurozone loan to rescue stricken banks transformed into deep concern over its mushrooming debt.

Greece tourism hit by euro crisis

2012-05-20 11:17

Europeans are avoiding vacations to Greece this summer fearing instability sparked by the debt crisis, says industry sources.

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