OECD warns of European recession

The OECD has warned that the eurozone and UK could be entering a recession, and has cut its global growth forecast.

Italy again pays more to borrow

For the second time in as many market days, Italy paid sharply higher borrowing rates in an auction Monday, as investors continued to pressure the eurozone's third largest economy to come up with reforms urgently.

Euro Declines After Italian Debt Auction; Dollar, Brazilian Real Advance

The euro touched a seven-week low against the dollar, falling for a fourth week, as Italian borrowing costs jumped to the highest level since 1997, adding to speculation Europe’s sovereign-debt crisis is spreading.

Clegg: £1bn scheme will 'provide hope' to young jobless

Deputy Prime Minister Nick Clegg says a £1bn plan to provide subsidised work and training placements will "provide hope" to thousands of young people.

Euro zone crisis and celebritology - twin pillars of modern European life

Merkel continues to risk survival of euro with inflexible attitude while at a London hearing JK Rowling risks the survival of the tabloids with her heart-rending testimony.

Gold rebounds; Europe, US debt worry weigh

SINGAPORE (Reuters) - Spot gold gained half a percent on Tuesday, as a decline of more than 2 percent attracted some buyers, while worries about debt crises in both the United States and the euro zone are expected to keep sentiment fragile.

Many similarities in Arab Spring, European chaos

CNN) -- The victory of the opposition Popular Party in Spain's general election means that seven leaders or governments around the Mediterranean have been thrown out within the last year, amid an explosion of popular protest. Several more are fighting for their survival.

Euro zone not working, words alone won't fix it: Buffett

IWAKI, Japan (Reuters) - Billionaire investor Warren Buffett said Europe's debt crisis had shown up a "major flaw" in the 17-member euro zone system and it would take more than words to fix it.

Euro crisis 'opportunity for UK' to reclaim powers - PM

The current turmoil in Europe is an opportunity for the UK to "refashion" its relationship with Brussels, David Cameron has said.

Mario Monti prepares Italy for more pain as violence flares in Milan

The upper house of the Italian parliament has given a vote of confidence to the country's new prime minister by 281 to 25, with no abstentions, after he unveiled an ambitious programme of reform.

Dow slides 75 points on fears Europe's debt crises escalating

New York. The stock market fell Monday after a jump in Italy's borrowing costs reminded investors of how much work remains to be done to contain Europe's debt problems.

Why the euro crisis is an American problem

The Euro crisis is not just a Greek crisis, or an Italian crisis, or now even a French crisis.

Euro Gains From 1-Month Low on Optimism Europe Moving on Debt

Nov. 12 (Bloomberg) -- The euro rose from a one-month low versus the dollar amid optimism European leaders are tackling their debt crisis after Italy’s Senate approved an austerity bill yesterday and Greece swore in a new prime minister.

Asia-Pacific talks seek unity on euro crisis

Asia-Pacific finance ministers, increasingly alarmed by Europe's worsening debt crisis, sought a united front on Thursday to push for bolder European action as they shore up their own economies against the fallout.

David Cameron: 'British economy is getting worse as euro crisis goes unresolved'

The British economy is getting worse “every day” that the euro crisis goes unresolved, David Cameron has warned, as he told European leaders that the “world cannot wait” any longer for a rescue package to be agreed.

Italy Five-Year Yield Tops 7%, Berlusconi to Quit

Italian bonds slumped, driving the five-year note yield to more than 7 percent for the first time since the euro was started in 1999, after LCH Clearnet SA raised the deposit it demands for trading the nation’s securities.

Berlusconi's Main Ally Tells Him to Quit

Italian Prime Minister Silvio Berlusconi, under growing pressure to resign, suffered a potentially fatal blow on Tuesday when his main ally, Northern League party chairman Umberto Bossi, called on him to go. Berlusconi faces a crucial vote in parliament on Tuesday that could seal his fate.

RBS takes £142m hit on Greek bond portfolio

The spectre of the sovereign debt crisis cast a pall over Royal Bank of Scotland's third-quarter results yesterday when the bank admitted that it had taken more hits on its Greek bond portfolio and had sold most of its Italian debt.

Greek PM faces crucial confidence vote

Greek Prime Minister George Papandreou faces a parliamentary vote of confidence on Friday, one day after scrapping a controversial referendum that had angered world leaders who are trying to formulate a bailout fund for the cash-strapped country.

How might Greece leave the euro?

Greece's latest woes have raised something that was previously unthinkable - the possibility of the Greek people rejecting the euro.

Obama heads to G-20 amid questions on Greece

The U.S. has an important role to play in helping guide Europe through its financial crisis, but it is ultimately Europe's problem to solve, the White House said Wednesday as President Barack Obama readied for an economic summit in France.

The magic money tree

IT IS hardly surprising that the markets are having second thoughts about last week's euro zone rescue deal.

Investors to shift focus from Europe to US economy

Encouraging news from Europe helped ignite stock prices in October. This week, investors will shift their focus to U.S. economic data, which might temper their exuberance.