Iran nuclear crisis: EU moves towards crude oil ban

EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme.

Greece: Clinch bailout or face euro exit

(Reuters) - Greece will have to leave the euro zone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday.

Dollar Falls as Signs of Manufacturing Growth Damp Safety Demand

Jan. 3 (Bloomberg) -- The dollar fell the most in two weeks against the euro as signs that manufacturing is expanding in the U.S. and China damped demand for haven assets.

Spain public deficit may top 8 percent: minister

MADRID (Reuters) - Spain's public deficit for 2011 may be higherthan the 8 percent of GDP forecast by the new government, the economy minister said Monday, fuelling fears the country faces a prolonged period of tight budgets and economic contraction.

Euro’s First Back-to-Back Losses Since 2001 Cap Debt-Crisis Year

Dec. 31 (Bloomberg) -- The euro had a second consecutive annual loss against the dollar for the first time in a decade as rising yields on the region’s sovereign debt reflected speculation about defaults and stalling economic growth.