Republic of Ireland falls back into recession

The Republic of Ireland fell back into recession in the last three months of 2011, official figures have shown.

Geithner Says Euro Crisis Economies Have Made Progress

WASHINGTON -- Treasury Secretary Timothy Geithner Monday said Europe's financial crisis has already caused significant damage to the U.S. recovery, and urged the continent's leaders to take further steps to shore up their economies.

Greek Parliament Approves Second Bailout

ATHENS—Greece's Parliament approved a new international bailout deal, which will see the crisis-hit country receive an additional €172 billion ($227 billion) in rescue loans, setting the stage for a round of harsh measures that the country's international creditors have set as a precondition for the funds.

Italy's Monti faces vital test on labor reform

ROME (Reuters) - Prime Minister Mario Monti began a final push on Tuesday to forge a deal with trade unions on labor reform that is a crucial test of his ability to revive Italy's chronically uncompetitive economy.

Euro-crisis dilemma: austerity vs. stimulus

LONDON (MarketWatch) — Spanish Prime Minister Mariano Rajoy has reopened a debate as old as the euro crisis or, indeed, debt crises themselves: Cut spending to reduce public deficits or spend to stimulate growth.