Euro in Crisis 8% Stronger Than Average Since 1999 as Losses Seen for 2012

The euro, after falling to its weakest level against the dollar since January, is poised to depreciate further as traders lose confidence in the ability of European leaders to contain the region’s debt crisis.

George Osborne urged to rethink reforms

George Osborne’s efforts to overhaul Britain’s financial regulation have been dealt a severe blow after a joint committee of MPs and Lords warned his draft proposal “needs significant amendments” to be fit for purpose.

Greece sinks deeper into job hell

Greek unemployment hit a record high this summer despite a rise in tourism.

Gold Prices Struggle to Stay Near $1, 700

Gold prices fell Wednesday on negative economic news from China and Europe plus concerns that the world's No. 1 economy is barely advancing.

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.