German Chancellor Angela Merkel has said euro zone rescue funds cannot recapitalize any bank until a euro zone banking supervisor is fully operational late next year. however France backs a retroactive
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EU leaders have vowed to set up a banking union during the course of 2013 after a Franco-German spat held up agreement on exactly when this vital crisis-fighting tool might come into force.The decision took place
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economists at U.S. bank Citigroup have revised their view that Greece will almost certainly leave the euro, saying key euro zone players seem to have decided a Greek exit would do more harm than good.Public spending cuts
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Uncertainty over the euro zone debt crisis is now showing signs of restraining business and household spending in the Middle East, a top IMF official said on Sunday
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The euro zone economy may have to wait until 2014 before it recovers from its decline this year, a Reuters poll suggested, with few economists expecting anything other than feeble growth next year.
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By naming the European Union the recipient of the 2012 peace prize on Friday, the Norwegian Nobel Committee made an unconventional choice that celebrated the bloc's postwar integration even as a financial crisis and political infighting threaten to tear it apart.
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Repitch, by occasion of Merkel's (forced) visit in Greece... Short vist...only 6 hours long... since there is no police force left to cover the need for a second shift of keeping Greek people away from their airport/avenues/parliament and back...
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Merkel is to visit Greece amidst local protests and speculation about whether Greece can stay in the eurozone. Top European officials have launched a new fund to help achieve this, but want to see Greece to do more.
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The International Monetary Fund has urged Eurozone leaders to act swiftly in response to the debt crisis in Greece and Spain, or risk dragging down the global economy with another financial crisis.
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The economic "miracle" that has enabled Germany to escape the worst of Europe's debt crisis is largely passing by some of the most vulnerable people in society
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Europe's banks have raised an extra €205 billion ($265 billion) in fresh capital since December in a bid to meet new rules aimed at strengthening the ailing sector.
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Euro zone finance ministers will formally launch the euro zone's permanent, 500-billion-euro bailout fund on Monday, bolstering the single currency area's defenses against the sovereign debt crisis that is now threatening Spain.
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Spain is ready to request a euro zone bailout for its public finances as early as next weekend but Germany has signaled that it should hold off, European
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Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency,
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Europe's fragile financial calm was shattered Wednesday as investors worried that violent anti-austerity protests in Greece and Spain's debt troubles showed that the region still cannot get a grip on its financial crisis
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Efforts by eurozone countries to agree on how to recapitalise struggling banks appeared to be in disarray on Wednesday with conflicting interpretations of what was agreed by EU leaders at a summit barely three months ago.
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An independent audit on Spanish banks, which along with an austerity budget appears to prepare the way for a government bailout, is likely to show on Friday that troubled lenders need around 60 billion euros (47.5 billion pounds) to return to health.
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The world's top banks need to step up efforts to raise cash or hold on to more profits after regulators estimated they would have had a shortfall of 374 billion euros.
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Greece and representatives of its international lenders agreed to take a week off from talks to carve out an 11.5-B Euro budget-cut package that’s Key to receiving aid funds.The International Monetary Fund,
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The leader of an anti-European Union party that could have an impact on the next election said it could do a deal with the Conservatives or another party if it were guaranteed "in blood" a referendum on EU membership.
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China pledged continued assistance Thursday to help tackle the eurozone debt crisis, saying Europe was "on the right track" but needed to implement the measures agreed to fix its problems.
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The level of bad debt at Spain's banks has risen to record levels, official data revealed Tuesday as investors continued to press the country's government to tap the European Central Bank's bond-buying program.
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German Foreign Minister Guido Westerwelle said progress made this month on European bailout funding and central-bank intervention may prove to be the turning point in tackling the debt crisis in the euro zone.
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Germany is not only focused on reducing debt and deficits but is also trying to boost domestic consumption to help tackle the euro crisis
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German Chancellor Angela Merkel is supposed to be the key player in resolving the euro crisis, The Federal Constitutional Court gave the green light on Wednesday to the 500 billion euro fund
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The euro zone's debt crisis is just the center of an "adjustment" which is affecting all advanced economies, former European Central Bank (ECB) President Jean-Claude Trichet told CNBC.
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China's Premier Wen Jiabao will attend a China-EU summit next week, Beijing recently announced readiness to buy more EU government bonds
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German media said on Thursday the country's top court had cast doubt on the legality of European Central Bank bond-buying in a ruling upholding the euro zone's bailout fund widely seen as political victory for Chancellor Angela Merkel.
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European Union officials are asking national governments to give up control of their banks as they try to pull the region closer together to solve its crippling financial crisis.
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Europe has cleared more key obstacles on the road to containing its sovereign debt crisis and stabilizing the euro zone after Germany's constitutional court allowed a permanent bailout fund to go ahead.
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