Greek proposals no basis for further talks, senior German conservative

BERLIN (Reuters) - Greece's latest reform proposals are no basis for further negotiations on a third bailout program, a senior German conservative lawmaker told Reuters on Friday, adding that Greece would do better to aim for a new start with its own currency.

Did Europe misdiagnose debt crisis and make it worse?

(Reuters) - At the height of the euro zone debt crisis, with Portugal's economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again.