UK's Hague: Euro-Zone Debt Crisis Biggest Threat To UK

LONDON – The ongoing sovereign debt crisis in the euro zone is the biggest threat to U.K. prosperity, U.K. foreign minister William Hague said Monday.

Greece crisis talks over EU bailout to resume

Party leaders in Greece's governing coalition are to resume crisis talks on backing a 130bn-euro (£108bn; $171bn) European Union rescue plan.

Markets warm to European debt, Portugal pressure eases

(Reuters) - Cautious optimism that the euro zone crisis may be turning a corner fuelled demand for European government debt on Wednesday, easing pressure on Portugal, seen as the most vulnerable country after Greece.

Monti Says Overhauling Italy’s Firing Rules Can’t Be ‘Taboo’

Feb. 2 (Bloomberg) -- Italy’s rigid firing rules can hurt economic growth and changing them to make it easier for companies to shed workers can’t be “taboo,” Prime Minister Mario Monti said.

Euro-Zone Banks To Tighten Credit Conditions Further In 1Q

FRANKFURT -- Euro-zone banks expect to tighten credit conditions further in the first quarter on top of a surge in tightening already in the fourth quarter of last year as a result of the deepening sovereign debt crisis, while they see their wholesale funding conditions easing somewhat due to the European Central Bank's non-standard measures, the ECB said Wednesday.