Greek Official Says Troika to Remain Until Budget Complete

Representatives of Greece’s international creditors may extend their visit to the country until the government has completed work on a two-year, 11.5 billion-euro ($14 billion) budget plan, a Greek finance ministry official said today.

Spanish unemployment hits record high 24.6 per cent

MADRID: The number of people unemployed in Spain hit a record high, official figures showed Friday, as the International Monetary Fund urged European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.

Sceptics abound as Mario Draghi's ECB bond 'bluff' electrifies global markets

The European Central Bank has opened the door to emergency support for the Spanish and Italian bond markets, setting off a blistering rally on bourses across the world.

Britain's economy slumps for 3rd straight quarter

NEW YORK (CNNMoney) -- The British economy slumped for the third consecutive quarter, adding to the economic concern throughout Europe.

All eyes on ECB to come to eurozone's rescue yet again

FRANKFURT: The European Central Bank may have to ride to the eurozone's rescue again very soon, analysts said Tuesday, as Spain looks set to be the next country engulfed by the never-ending debt crisis.