G-7: We're watching Europe's debt crisis

NEW YORK (CNNMoney) -- Finance ministers from the world's seven largest economies held a conference call Tuesday about the ongoing European sovereign debt crisis, but did not announce any new rescue measures.

Closures, shortages loom as insurers exit Greece

ATHENS: Faced with the prospect of closing his family business and looking for work in Greece's sickly economy at the age of 65, Alkis Iliadis bemoans a decision by trade insurers to stop covering exports to his debt-choked country.

Spain's manufacturing sector sees contraction worsen

The rate of contraction in Spain's manufacturing sector was worse than that of Greece in May, according to a business survey. Markit's eurozone manufacturing purchasing managers' index for the whole eurozone dropped to 45.1 from 45.9 in April.

Eurozone unemployment at record high 11%

NEW YORK (CNNMoney) -- The 17-nation eurozone's unemployment rate reached the highest level since the creation of the common currency 13 years ago, climbing to 11% in April as employers slashed 110,000 jobs.

Spain's Leader Faces Doubts At 'Extreme Crunch Time'

MADRID—Six months after Prime Minister Mariano Rajoy won a parliamentary majority by promising to bring credibility and stability back to fiscally troubled Spain, doubts are growing over when and whether it's happening.