UK's Cameron says euro zone crisis far from over

LONDON: British Prime Minister David Cameron said the euro zone debt crisis was less than halfway through, and raised doubts about the future of the single currency in an interview on Sunday.

EU, IMF: Ireland on track with deficit cuts

DUBLIN (AP) — Ireland is successfully cutting its deficits, bolstering its banks and pursuing job-creation strategies, its international bailout creditors said Thursday as they signaled support for a further round of loans.

UK double-dip recession to drag on into summer, economists warn

Britain's collapse back into recession will drag on until June at the earliest and condemn the country to another lost year, economists have warned.

Corrected: In austere times, EU to discuss 6.8 percent budget rise

(Reuters) - The European Commission will risk accusations of double standards on Wednesday when it proposes a 6.8 percent increase in the European Union's budget next year despite calls for fiscal discipline across the bloc.

Dutch opposition rejects budget cuts, crisis deepens

(Reuters) - The biggest Dutch opposition parties refused on Tuesday to back austerity cuts needed to meet EU budget targets after the government fell, deepening the crisis in a nation probably facing a long period of uncertainty until elections.

Euro slammed by poor data, European political risks

NEW YORK (Reuters) - The euro slid against the dollar on Monday after two days of gains, rattled by poor euro zone data and concerns that the region's debt crisis could spread to other healthier European nations after Dutch officials failed to agree on budget cuts.

Canada rate hikes predicted despite tame inflation

OTTAWA (Reuters) - A drop in Canada's year-on-year inflation rate to an 18-month low in March will not delay interest rate hikes by the Bank of Canada, which is paying closer attention to economic growth, analysts said on Friday.

France Dispels Downgrade Talk

PARIS—France hasn't been notified of any potential sovereign-rating downgrade, French government officials said Thursday.

Spain bond auction sees strong demand

There was relief at the result of Spain's bond auction on Thursday, in which there was strong demand, even though some borrowing costs rose.

Greece May Delay Banks Plan

ATHENS—Greece's government is likely to push back final decisions on a much-awaited plan to recapitalize the nation's banks until after May 6 elections, senior government officials said Wednesday, as it wrestles with the thorny issue of how to rescue the country's mortally wounded lenders.

Euro crisis could destroy European Union: George Soros

COPENHAGEN: Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.

Eurozone needs a growth strategy, not more austerity

Since last November, the European Central Bank, under its new president, Mario Draghi, has reduced its policy rates and undertaken two injections of more than €1tn (£825bn) of liquidity into the eurozone banking system.

Euro Crisis 2012: Spain Edition

For much of the past two years, Spain and Italy have swapped the inglorious title of Biggest Euro-Zone Worry.The latest round has gone to Spain.

UK trade deficit widens as exports slip

Economists said figures from the Office for National Statistics (ONS) suggested the economy failed to achieve any growth in the first three months of the year, when the trade deficit on goods and services rose to £3.4bn in February from £2.5bn – far worse than forecasts of an improvement to £2bn.

Spain urges prudence in comments on economy, reforms praised

Spain urged its EU peers to be "prudent" when making comments about its economic woes on Wednesday following criticism from France and Italy, even as it got praise for its reforms from across the bloc.

European stock markets rocked by panic selling as debt crisis reignites

Europe's sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy.

Spain 'headed towards' 2013 financial crunch

Spain, sucked back into the centre of the eurozone debt crisis, is headed towards a financial crunch in 2013 that may force it to seek international help, analysts warn.

Euro crisis fears leave world's richest poorer by $9 bn

NEW YORK: The 20 wealthiest people on Earth lost a combined $9.1 billion this week as renewed concerns that Europe's debt crisis might worsen drove the Standard & Poor's 500 Index to its largest decline of 2012.

Euro zone economy sinks, U.S. service growth slows

LONDON/WASHINGTON (Reuters) - Euro zone businesses floundered in March and growth cooled in the service sectors of the United States and India, taking some steam out of the global economy.

Greek Economy To Shrink At Least 5% In 2012, Says Think Tank

ATHENS -- Greece may be bracing for a recession far worse than the official forecast, a Greek think tank said Monday, with the contraction expected at 5% or more in 2012.

Spain heading for highest debt level in 22 years

MADRID: Spain's public debt will jump to its highest level since at least 1990 this year as the economy sinks into recession, the government said in its budget on Tuesday, worrying investors who sold Spanish bonds.

Euro Leaders Seek Global Help After Firewall Boosted

Efforts to resolve the two-year-old European debt crisis swung back to world leaders after euro-area policy makers boosted a firewall designed to overcome doubts about their crisis response and to lure additional emergency aid.

U.S. Economy Will Trump Europe In 2012

If there’s one good thing that’s come out of the European debt crisis it’s that the U.S. has been able to shield itself from much of the mess.

Euro zone agrees 800 billion euro firewall: Austria

COPENHAGEN (Reuters) - Euro zone finance ministers have agreed to boost the currency bloc's debt crisis firewall to roughly 800 billion euros ($1.06 trillion), Austrian Finance Minister Maria Fekter said on Friday.