Eurozone talks on Greece need 'a lot more progress' before possible deal

Talks aimed at preventing Greece from leaving the eurozone and collapsing into bankruptcy are on a knife-edge amid widespread scepticism from the country’s creditors about whether Athens can deliver on its promises.

Expelling Silvio Berlusconi Won't Boost Italy's Stagnant Economy

On November 27th the Italian Senate expelled the three-time former Prime Minister Silvio Berlusconi, following his conviction for tax fraud, and in doing so deprived him of parliamentary immunity.

Inquiry blames Cypriot ex-president for crisis

NICOSIA, Cyprus (AP) -- The "reckless" economic policies of Cyprus' former president are mainly to blame for the financial crisis that brought the country to near bankruptcy, an independent inquiry concluded Monday.

Debt crisis: What lies ahead for the Eurozone this summer?

Latvia is standing tall this summer after receiving the go-ahead to join the Eurozone in January 2014. It has met all economic criteria and will become the zone's 18th member.

IMF On Greece: We Screwed Up But It's Really The Eurozone's Fault

For Euro crisis enthusiasts, today’s IMF review of its Greek program is a real treat. By official standards, the document is thoroughly honest and clear.

Europe's recession deepens - ECB

The European Central Bank downgraded its forecast for the eurozone economy Thursday but decided against cutting interest rates to a new record low despite tame inflation, record unemployment and political instability in Italy.

Greeks in fresh general strike against austerity

Tens of thousands of Greeks are taking part in the first general strike of 2013, as workers renew their protest over austerity measures.

Eurozone must push ahead with banking union or risk recovery, says IMF

Eurozone countries must implement a planned banking union in full as backsliding could throw the economy into a tailspin, an International Monetary Fund staff paper has concluded.

Europe at loggerheads over banking union

European finance ministers clashed over plans for a banking union on Saturday, with Germany leading criticism of proposals to introduce a single banking supervisor by January.

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.