OECD warns of European recession

The OECD has warned that the eurozone and UK could be entering a recession, and has cut its global growth forecast.

Italy again pays more to borrow

For the second time in as many market days, Italy paid sharply higher borrowing rates in an auction Monday, as investors continued to pressure the eurozone's third largest economy to come up with reforms urgently.

Euro Declines After Italian Debt Auction; Dollar, Brazilian Real Advance

The euro touched a seven-week low against the dollar, falling for a fourth week, as Italian borrowing costs jumped to the highest level since 1997, adding to speculation Europe’s sovereign-debt crisis is spreading.

Clegg: £1bn scheme will 'provide hope' to young jobless

Deputy Prime Minister Nick Clegg says a £1bn plan to provide subsidised work and training placements will "provide hope" to thousands of young people.

Euro zone crisis and celebritology - twin pillars of modern European life

Merkel continues to risk survival of euro with inflexible attitude while at a London hearing JK Rowling risks the survival of the tabloids with her heart-rending testimony.