Worst of Euro Crisis is Over, German Finance Minister Schaeuble Says

The worst of the euro zone sovereign debt crisis is over, German Finance Minister Wolfgang Schaeuble has said in an interview to be published on Friday.

Euro zone crisis batters holiday sales prospects

(Reuters) - Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as post-Christmas sales get underway.

Forex Forecasts: Euro’s Relief Rally Depends on Crisis Ease in 2013

The Euro has put in for a remarkable trend shift through the second half of 2012, but its bullish ambitions should not be considered a clear trend.

Spain rules out Irish-style bailout

MADRID: Spain on Wednesday ruled out any Irish-style bailout for the recession-hit, jobs-starved economy, but said it was still undecided about seeking intervention by the European Central Bank to bring down its debt financing costs.

Germany's austerity plans will beggar Europe

Has the eurozone crisis ended? Many politicians in Europe, including France's president François Hollande, seem to think so.

Italy's Monti opens door to seeking new term

ROME (Reuters) - Two days after stepping down, Mario Monti announced on Sunday he would consider seeking a second term as Italian prime minister if approached by allies committed to backing his austere brand of reforms.

Euro-pocalypse not now

BRUSSELS, Belgium — The ancient Maya may not have had much to say about Europe's shared currency, but there were plenty of others willing to predict the euro would meet its doom in 2012.

Fiscal cliff setback rattles global shares, euro

LONDON – Global stock markets weakened on Friday and both the euro and gold slipped, as a new setback in talks to avert a U.S. fiscal crisis and evidence of Europe's ongoing economic difficulties stoked investor nerves.

UK retail sales flat in November

UK retail sales failed to grow in November, adding to fears that consumers are reining in spending ahead of Christmas.

Danish Euro Skepticism at Highest Since Currency’s 1999 Debut

Danish voters now regard the euro with more scepticism than at any time since the single currency’s introduction in 1999 as the crisis in southern Europe enters its fourth year.

Standard & Poor's hikes Greek rating by 6 notches

ATHENS: Standard & Poor's ratings agency on Tuesday upgraded Greece's credit grade by 6 notches, yanking the debt-heavy country out of default but still keeping its devalued bonds in junk status.

Merkel Says Euro Crisis Recovery Is Worth Austerity Pain

Chancellor Angela Merkel said the promise of lifting the euro area out of its debt crisis is worth the pain that’s being caused by German-inspired austerity.

Poland could adopt euro in 2016: presidential adviser

WARSAW (Reuters) - Poland could adopt the euro as soon as 2016, the president's adviser said on Saturday, encouraging the government to take bolder action to prepare for possibility of joining the shared currency.

Spanish Bonds Rise After Debt Sale, EU Agreement on Greek Aid

Spanish bonds advanced for a third week in four as borrowing costs fell at a debt sale and after European leaders signed off on the next aid tranche for Greece, stoking optimism the euro-region debt crisis is being contained.

Greece bailout funds approved

Greece is to get the latest tranche of bailout funds needed to keep the country going, eurozone finance ministers have said.

Swiss Re sees 30% risk of Europe, U.S. recession in 2013

LONDON: There is a 30 percent chance of severe recession i n Europe and the United States next year, though moderately rising growth is the likeliest outcome, according to the world's No. 2 reinsurer.

Europe hails outgoing Italian Prime Minister Mario Monti as Italy crisis hits markets

ROME: European partners heaped praise on outgoing Italian Prime Minister Mario Monti on Monday, and called for the next government to stick to his reform agenda after his surprise decision to resign rattled financial markets.

Greece extends buyback offer to reach 30 billion-euro target

ATHENS/BRUSSELS (Reuters) - Greece extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion euros.

Spain's Economic Woes Take A Toll On The Media

Three years of euro-zone recession have badly hurt Spain's media sector, where some 8,500 journalists have lost their jobs. Dozens of newspapers have closed and the remaining publications are sharply cutting back as ads plummet.

Italian Bonds Decline as Berlusconi Threatens Government

Italian 10-year government bonds posted their first weekly drop in four after former Premier Silvio Berlusconi threatened to withdraw his party’s support for Prime Minister Mario Monti’s coalition government.

EU to clamp down on tax evasion: European Commission

BRUSSELS: EU governments lose a "scandalous" one trillion euros ($1.3 trillion) a year to tax dodgers and that has to stop now to prevent further damage to state finances and the economy, the European Commission said on Thursday.

Finland slips into recession as exports stall

HELSINKI: Finland slipped into recession in the third quarter as the euro zone debt crisis dented demand for exports from one of its smallest and most secure economies, data showed on Wednesday.

UK to announce 5 billion pounds capital investment for growth

LONDON (Reuters) - Chancellor George Osborne will invest 5 billion pounds in schools, science and transport projects, the government said on Tuesday.

Euro-Area Finance Chiefs Confident Greek Debt Buyback to Succeed

European finance ministers voiced confidence that Greece will pull off a successful bond buyback, the key element in a revamped effort to stem the debt crisis in the country where it started.

Euro zone crisis drags down European ad spending: report

LONDON (Reuters) - The euro zone crisis has left Western Europe the only world region to see a fall in advertising spending this year, market research group ZenithOptimedia said.

IMF money for Greece contingent on debt buy back

WASHINGTON (Reuters) - The International Monetary Fund will not disburse Greece's next bailout tranche until the country completes a voluntary buy back of its debt, an IMF spokesman said on Thursday.