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Merkel under fire over possible 'Grexit'
Merkel under fire over possible 'Grexit'

German Chancellor came under fire over a magazine report suggesting she would be prepared to let Greece exit the euro should a far-left party win a snap Greek election.

Merkel under fire over possible 'Grexit'
Euro crisis firms German power, 25 years after Berlin Wall
Euro crisis firms German power, 25 years after Berlin Wall

Twenty-five years after the Wall fell, analysts have little doubt that Europe's power now lies in Berlin, with the damaging eurozone crisis only heightening that perception.

Euro crisis firms German power, 25 years after Berlin Wall
Ukraine crisis hits German investor confidence
Ukraine crisis hits German investor confidence

German investment sentiment is taking a hit from the crisis over Russia and Ukraine in a further setback for the eurozone.

Ukraine crisis hits German investor confidence
Photo courtesy of earn-it.ru
France attacks ICANN as unfit for internet governance

France strongly attacked the US-based body that assigns internet addresses, saying it was not a fit venue for internet governance and that alternatives should be sought.

France attacks ICANN as unfit for internet governance
After eurozone crisis, IMF rethinks rescues
After eurozone crisis, IMF rethinks rescues

The International Monetary Fund is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default better options to stabilize their finances.

After eurozone crisis, IMF rethinks rescues
Spain's Prime Minister Mariano Rajoy. ©Reuters/Sergio Perez
Spain shows fastest growth in six years: central bank

Spain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said.

Spain shows fastest growth in six years: central bank
©Reuters/Francois Lenoir
Fireworks but no joy as Latvia joins eurozone

Fireworks will light up the skies above Riga when Latvia adopts the euro on January 1, but on the ground the feeling will be far from festive among those fearing the impact of the switch.

Fireworks but no joy as Latvia joins eurozone
Eurozone ministers make progress on Banking Union
Eurozone ministers make progress on Banking Union

Eurozone finance ministers said early Wednesday they had made progress on a new bank regulatory system, especially on the funding of a mechanism to close failing banks before they damage the economy.

Eurozone ministers make progress on Banking Union
Spain's Economy Minister Luis de Guindos talks to European Union Economic and Monetary Affairs Commissioner Olli Rehn (R). ©Reuters/Francois Lenoir
Eurozone warns Spain, Italy to deliver on commitments

The eurozone Friday warned five countries led by Spain and Italy to deliver on promises to hit deficit and debt targets in national spending plans next year.

Eurozone warns Spain, Italy to deliver on commitments
©Reuters/Kai Pfaffenbach
Euro "too strong", says European Commission's Tajani

European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.

Euro "too strong", says European Commission's Tajani
Bailouts still key issue as eurozone finance ministers meet
Bailouts still key issue as eurozone finance ministers meet

Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.

Bailouts still key issue as eurozone finance ministers meet
©REUTERS/Kai Pfaffenbach
Europe's emerging economies back on track

Central and eastern European countries have escaped most of the turmoil that has recently lashed emerging economies as they have been shielded by the recovery in the neighbouring eurozone.

Europe's emerging economies back on track
Greece may need new bailout of 10bn euros
Greece may need new bailout of 10bn euros

Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.

Greece may need new bailout of 10bn euros
Jobseekers. ©REUTERS/Regis Duvignau
Analysts see return to growth in eurozone

Figures due Wednesday are expected to show the eurozone finally edging out of a record 18-month recession which has cost millions of jobs and tested the single currency bloc to near breaking point.

Analysts see return to growth in eurozone
EU finance minister talks break down on bank closure regime
EU finance minister talks break down on bank closure regime

European Union finance ministers failed early Saturday to reach an agreement on how to close down failing banks before they can do too much damage to the wider economy.

EU finance minister talks break down on bank closure regime
IMF admits 'notable failures' in 2010 Greece rescue
IMF admits 'notable failures' in 2010 Greece rescue

The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.

IMF admits 'notable failures' in 2010 Greece rescue
Portugal 'should leave euro': best-selling economist
Portugal 'should leave euro': best-selling economist

A Portuguese economist, whose book "Why We Should Leave the Euro" has become a rapid best-seller, says it is only a matter of time until his crisis-wracked country leaves the troubled currency.

Portugal 'should leave euro': best-selling economist
Commodity prices hit by weak global outlook
Commodity prices hit by weak global outlook

Global commodity markets were hit this week by weaker-than-expected manufacturing data in key consumers China and the United States.

Commodity prices hit by weak global outlook
May Day protests against austerity, 'slave labour'
May Day protests against austerity, 'slave labour'

Tens of thousands of angry protesters staged May Day rallies in several countries of the crisis-wracked eurozone Wednesday, as fury erupted at demonstrations in Bangladesh after a deadly building collapse.

May Day protests against austerity, 'slave labour'
German Chancellor Angela Merkel. ©REUTERS/Fabrizio Bensch
Merkel lambasted by France despite her softer tone

An attack by French Socialists on Angela Merkel's drive for belt-tightening coincides with concessions by the German chancellor on austerity, but five months from elections she is loathe to trumpet her flexibility.

Merkel lambasted by France despite her softer tone