Euro crisis deepens as ratings agency strikes

The eurozone economy plunged back into crisis as France and Austria were stripped of their top triple-A credit ratings and Standard and Poor's downgraded a swathe of debt-laden EU members.

Economy’s Crisis Respite Gives ECB Room to Pause Rate Cuts

Jan. 12 (Bloomberg) -- The European economy may be winning some respite from its sovereign debt crisis.

Mafia now "Italy's No.1 bank" as crisis bites: report

ROME (Reuters) - Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest "bank" and squeezing the life out of thousands of small firms, according to a report on Tuesday.

Analysis: For euro zone, the heat is on again

BERLIN (Reuters) - The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.

European crisis more dangerous than 2008 financial crisis: George Soros

BANGALORE: Europe's debt crisis is more dangerous than the 2008 global financial crisis, billionaire investor George Soros said.