Euro's woes may lead to bargain imports

As the financial crisis worsens in Europe and the euro continues to lose value against the dollar, Nashville could soon see more bargain prices on products such as Italian olive oil, French wine and cheese or even German luxury cars.

Analysis: Germany faces recession risk as crisis hits confidence

BERLIN (Reuters) - After breezing through the euro zone debt crisis for the past two years, Germany's economy could fall into recession as anxious businesses hold off on investment and exports wither.

Italian Economy Shrinks In Q3, Signals Recession

(RTTNews) - The Italian economy contracted in the third quarter mainly led by a fall in domestic demand and investment, and likely entered a recession triggered by the Eurozone's deepening debt crisis, the latest official figures revealed Wednesday.

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.