Euro crisis could destroy European Union: George Soros

COPENHAGEN: Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.

Eurozone needs a growth strategy, not more austerity

Since last November, the European Central Bank, under its new president, Mario Draghi, has reduced its policy rates and undertaken two injections of more than €1tn (£825bn) of liquidity into the eurozone banking system.

Euro Crisis 2012: Spain Edition

For much of the past two years, Spain and Italy have swapped the inglorious title of Biggest Euro-Zone Worry.The latest round has gone to Spain.

UK trade deficit widens as exports slip

Economists said figures from the Office for National Statistics (ONS) suggested the economy failed to achieve any growth in the first three months of the year, when the trade deficit on goods and services rose to £3.4bn in February from £2.5bn – far worse than forecasts of an improvement to £2bn.

Spain urges prudence in comments on economy, reforms praised

Spain urged its EU peers to be "prudent" when making comments about its economic woes on Wednesday following criticism from France and Italy, even as it got praise for its reforms from across the bloc.