Euro Area Faces Recession as Breakup Risk Remains, E&Y Says

Dec. 15 (Bloomberg) --The euro-area economy is likely to slip back into a recession and its leaders’ new plan to end the debt crisis hasn’t completely eliminated the risk of a breakup of the currency region, according to Ernst & Young LLP.

Speculation on France's Rating Persists

PARIS—French Foreign Minister Alain Juppé said Wednesday that a credit-ratings downgrade wouldn't be "cataclysmic," further fueling market expectations that the government is preparing for an imminent loss of its cherished triple-A ranking.

Euro’s woes boost sterling

The euro fell to a fresh nine-month low against the British pound on Tuesday.

European summit: Now it's up to the ECB

Judging Europe's fifth attempt at a comprehensive solution to the euro crisis requires reading the minds of Mario Draghi and the other leaders of the European Central Bank.

Europe pushes ahead with fiscal union, UK isolated

BRUSSELS (Reuters) - Europe secured an historic agreement to draft a new treaty for deeper economic integration in the euro zone on Friday, but Britain, the region's third largest economy, refused to join the other 26 countries in a fiscal union and was left isolated.