UK faces request for £19bn as IMF boosts bailout fund to $1tn

The government has said it will demand improvements in European Union efforts to sort out its currency before it can agree to an imminent request from the International Monetary Fund for extra UK funds that is likely to be as high as £19bn.

Exodus of Workers From Continent Reverses Old Patterns

Soon after Spain's real-estate bust put Andrés Velarde and María Palencia out of work, the young architects gathered their drafting materials and moved 5,000 miles to Brazil—drawn by a hope, but no promise, of employment.

Germany rejects rescue fund boost, Greece under pressure

(Reuters) - Germany, the only major euro zone member to retain a top-notch credit rating, refused on Monday to consider boosting the bloc's rescue fund, while Greece was under pressure to urgently break a deadlock in debt swap talks if it is to avoid an unruly default.

Euro crisis deepens as ratings agency strikes

The eurozone economy plunged back into crisis as France and Austria were stripped of their top triple-A credit ratings and Standard and Poor's downgraded a swathe of debt-laden EU members.

Economy’s Crisis Respite Gives ECB Room to Pause Rate Cuts

Jan. 12 (Bloomberg) -- The European economy may be winning some respite from its sovereign debt crisis.