Analysis: Out of intensive care, Europe risks chronic illness

(Reuters) - The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence.

Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy

Mariano Rajoy, prime minister of Spain, said the budget deficit would be 5.8pc of GDP in 2012 - more than 30pc higher than the 4.4pc target agreed by Brussels.

Euro Declines After ECB Approves Record Loans; Dollar Gains Versus Yen

The euro fell against most of its major counterparts after a liquidity injection by the European Central Bank failed to convince investors that the region’s crisis is abating.

Eurozone unemployment continues to rise

The unemployment rate in the eurozone continued to rise in January, hitting another record high.

EU says Ireland may need to revise budget

(Reuters) - Ireland may need to make further changes to its budget this year if the economy continues to deteriorate, the European Commission said on Wednesday in a draft of a report obtained by Reuters.