Europe must take "deep breath" and enact reforms: Merkel

BERLIN (Reuters) - Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalised world if its members pressed ahead with painful reforms and moved to more responsible budget policies.

Spain's bailout hesitation 'highly risky': EU commissioner

BRUSSELS: Uncertainty over whether Spain intends to seek a full bailout is "highly risky", Joaquin Almunia, the EU's competition commissioner, warned Madrid during an interview with AFP.

Euro Posts First Decline in Six Weeks as Economic Growth Stalls

The euro fell for the first time in six weeks versus the dollar as reports showed the region’s economy struggling amid the debt crisis.

ECB may not supervise all banks - Merkel ally

(Reuters) - A senior conservative ally of German Chancellor Angela Merkel has suggested the European Central Bank may not get new powers to supervise all of the euro zone's banks and said the existing European Banking Authority could be enhanced instead.

Spain Sale Improves Funding Prospects

Spain's ailing finances got a needed boost Thursday from the sale of long-dated debt, much of it to foreign buyers, clearing the biggest hurdle for the country since the European Central Bank signaled two weeks ago that it stood ready to buy bonds of fiscally frail euro-zone members.