Tory blasts ECB chief's dismissal of euro crisis

A claim by the president of the European Central Bank that the euro is not in crisis has been branded "absurd" by a Conservative MP.

ECB boss Jean-Claude Trichet was speaking in Aachen, Germany, after receiving the Charlemagne Prize for services to European understanding.

German chancellor says European debt crisis no euro problem

Singapore - The euro is a stable currency although high debt levels in some eurozone countries have evoked uncertainty about it, German Chancellor Angela Merkel said Thursday.

'I tell you very clearly: We don't have a euro problem in Europe,' she said at a forum in Singapore. 'Rather we have a debt problem to overcome.'

Currency Guru Stephen Jen Gives 4 Reasons The Euro Crisis Will Only Get Worse

Can't get enough Eurozone crisis? We've got you covered with the most recent commentary from Stephen L Jen, the former Morgan Stanley currency guru who's know running SLJ Macro Partners.

He spells out four non-cliche reasons why the situation in Europe is so challenging, and will only get worse.

Greece: Political Leaders To Meet On Economic Crisis

ATHENS (Dow Jones)--Greece's political leaders are due to meet Friday in a fresh bid to reach consensus on the country's economic crisis, amid growing fears of early elections and new worries of a potential Greek default.

The meeting, scheduled for 0930 GMT and called by Greece's president at the behest of Prime Minister George Papandreou, will include the heads of the four opposition parties and comes just days after similar talks failed to find common ground.

Federal Review Finds Rules to Live Without

WASHINGTON — The Obama administration said on Thursday that it would rewrite hundreds of regulations to save businesses and consumers hundreds of millions of dollars a year, the first fruits of a review process announced in January.

To highlight the effort, the administration announced it had repealed an environmental regulation that classified milk as a kind of oil that required elaborate safeguards to prevent spills that might contaminate waterways.