Euro zone crisis heads for September crunch

BRUSSELS (Reuters) - Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the common currency.

Greek Official Says Troika to Remain Until Budget Complete

Representatives of Greece’s international creditors may extend their visit to the country until the government has completed work on a two-year, 11.5 billion-euro ($14 billion) budget plan, a Greek finance ministry official said today.

Spanish unemployment hits record high 24.6 per cent

MADRID: The number of people unemployed in Spain hit a record high, official figures showed Friday, as the International Monetary Fund urged European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.

Sceptics abound as Mario Draghi's ECB bond 'bluff' electrifies global markets

The European Central Bank has opened the door to emergency support for the Spanish and Italian bond markets, setting off a blistering rally on bourses across the world.

Britain's economy slumps for 3rd straight quarter

NEW YORK (CNNMoney) -- The British economy slumped for the third consecutive quarter, adding to the economic concern throughout Europe.

All eyes on ECB to come to eurozone's rescue yet again

FRANKFURT: The European Central Bank may have to ride to the eurozone's rescue again very soon, analysts said Tuesday, as Spain looks set to be the next country engulfed by the never-ending debt crisis.

Fall in Germany's PMI adds to its credit rating worries

Germany's private sector shrank for a third straight month in July in a second blow to Europe's largest economy after Moody's cut its credit rating to AAA with a negative outlook.

Spain and Italy ban short selling

Securities regulators in Spain and Italy both instituted short-selling bans Monday as financial markets tumbled.

Greece is in a 'Great Depression': PM Antonis Samaras

ATHENS: Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former U.S. President Bill Clinton on Sunday.

Crisis-Hit Nations Fight to Prepare for Olympics

With one hurdle left, something snapped. It wasn't a bone or anything that serious, but Greek athlete Periklis Iakovakis somehow lost power and quickly dropped from first to last in the European Championship 400-meter hurdles final, unable to summon enough energy to keep going strong.

Euro zone crisis: Spain's leader could learn some lessons from Portugal

MADRID/LISBON: Spanish Prime Minister Mariano Rajoy could learn some lessons about communication from neighbouring Portugal as he struggles to restore confidence in Madrid's public finances and avoid an international bailout.

World Bank chief warns no region immune to European crisis

WASHINGTON (Reuters) - World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

Greece seeking bridge loan for funding needs

ATHENS: Cash-strapped Greece is seeking a bridge loan from its foreign lenders to cover its financing needs through August, a finance ministry source said on Tuesday.

UK economy to see return to growth, says Item Club

The UK economy should enjoy an "Indian summer" after a poor first half of the year, says a leading forecaster.

Euro tumbles as Asian funds shun EU chaos

The single currency has been sliding relentlessly since the European Central Bank cut its discount rate to zero last week, triggering an exodus of money market funds, but has now broken key resistance levels watched by technical analysts.

Greek unemployment rate at new record of 22pc

Greek unemployment hit a record 22.5pc in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors stay away from the recession-hit country.

Debt crisis: Sir Meryvn King warns of eurozone's 'black cloud of uncertainty'

The eurozone crisis has created a “great black cloud of uncertainty” Sir Mervyn King warned, as Germany’s Constitutional Court threatened to derail plans designed to take the region forward.

Spain faces budget risks despite looser target: document

BRUSSELS (Reuters) - Looser budget deficit targets for Spain may still prove difficult to reach, according to an EU document that demands the country be subjected to three-monthly checks, a move that will tighten supervision of the euro zone's fourth-largest economy.

Eurozone crisis to keep markets under pressure

LONDON: Growing disillusion over the latest steps to resolve Europe's debt crisis and policy easing by major central banks will dominate market sentiment in the coming week, with equity investors also braced for a new company reporting season.

Debt crisis: Spain poised for further spending cuts

The Spanish Prime Minister Mariano Rajoy said that he will take additional steps in the coming days to reduce the country's debt mountain.

Eurozone crisis: Tough questions for Franco-German axis after Merkel's big defeat

Rarely is a high-flying country brought back down to Earth in a single night, but that is precisely what happened to Germany recently.

Slovenia could need a bail-out, finance minister admits

Slovenia could become the sixth eurozone nation to seek an international rescue, as the country's finance minister admitted on Thursday that a bail-out "can't be ruled out".

ECB cuts eurozone rates to record low of 0.75%

The European Central Bank (ECB) has reduced its key interest rate from 1% to 0.75%, a record low for the eurozone.

Eurozone's private sector hit for a fifth month

The eurozone’s woes continued as the debt crisis dragged the region’s manufacturing and services sector down for a fifth consecutive month in June.

Eurozone unemployment rises to record high 11.1%

NEW YORK (CNNMoney) -- Reports on Europe's job market and manufacturing sector both show the region's economic woes persist.

Rio Tinto Says Euro Crisis Weighs but Sees Robust China Growth

The euro-zone crisis is slowing global economic growth for the short term but China, the world's largest consumer of many commodities, is still expected to grow at more than 8% this year, mining titan Rio Tinto PLC (RIO) said in a presentation Friday.

Euro zone inflation steady, room for ECB move

BRUSSELS (Reuters) - Euro zone inflation held steady at a 16-month low in June, kept in check by a sharp fall in oil prices and supporting an already strong case for a near-term interest rate cut by the European Central Bank.

Debt crisis: Ireland hails euro 'game changer'

Ireland claimed that a deal struck at a summit of eurozone leaders was a “game changer” for the country which would help it escape a second bailout.