For Spain, an Economic Lifeline from China

With an unemployment rate of 22.8 percent, the euro zone’s highest, Spain appears to be spiraling back into recession. Yet the Cobo Calleja industrial park 15 miles south of central Madrid shows few signs of economic distress.

European Union firewall decision 'in course of March': Germany

MEXICO CITY: Europe will decide whether to bolster its firewall against the debt crisis "in the course of March," Germany's finance minister said Sunday, appearing to downplay the chances of a result at an upcoming EU summit.

Greece passes private creditor debt deal

ATHENS: The Greek parliament approved Thursday a law on a historic 107-billion-euro debt writedown with private creditors, a key element in a new eurozone bailout designed to avoid default.

Swedish firms want to adopt the euro

Swedish companies, relatively unscathed by the European debt crisis, dislike the Swedish economic model's inertia, want reforms to boost their competitiveness, and want to adopt the euro, their representatives say.

Battle over EU financial firewall threatens to derail Greek bailout

At a G20 summit in Mexico in two days the EU will plead for increased IMF contributions by non-euro countries to help shore up a eurozone "financial firewall" seen as vital to protecting Spain and Italy from Greek debt contagion.