Debt crisis shrinks international use of euro

FRANKFURT, GERMANY: International use of the euro slipped last year because of the debt crisis in Europe, but the US dollar held its own as the world's leading currency for reserves held by central banks.

Euro-Area Inflation Accelerates to 1.6% Amid Recession

Euro-area inflation accelerated for a second month in June and manufacturing output contracted less than estimated, adding to signs that the 17-nation currency bloc is starting to emerge from a record-long recession.

Trucks pile up at border of new EU member Croatia

(Reuters) - A day after Croatia joined the European Union, a glitch in its EU-standard customs software caused huge delays at the border with Serbia, the bloc's new external frontier.

Euro zone joblessness at record high, inflation up

(Reuters) - Euro zone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices, data showed on Monday, underlining the fragility of the bloc's economic health.

Euro Zone Set to Keep Shrinking

LONDON--An indicator that has correctly recorded contractions in the euro zone suggests the currency area's economy shrank for a seventh straight quarter in the three months to the end of June, extending its longest postwar slump.