Greek unemployment rate at new record of 22pc

Greek unemployment hit a record 22.5pc in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors stay away from the recession-hit country.

Debt crisis: Sir Meryvn King warns of eurozone's 'black cloud of uncertainty'

The eurozone crisis has created a “great black cloud of uncertainty” Sir Mervyn King warned, as Germany’s Constitutional Court threatened to derail plans designed to take the region forward.

Spain faces budget risks despite looser target: document

BRUSSELS (Reuters) - Looser budget deficit targets for Spain may still prove difficult to reach, according to an EU document that demands the country be subjected to three-monthly checks, a move that will tighten supervision of the euro zone's fourth-largest economy.

Eurozone crisis to keep markets under pressure

LONDON: Growing disillusion over the latest steps to resolve Europe's debt crisis and policy easing by major central banks will dominate market sentiment in the coming week, with equity investors also braced for a new company reporting season.

Debt crisis: Spain poised for further spending cuts

The Spanish Prime Minister Mariano Rajoy said that he will take additional steps in the coming days to reduce the country's debt mountain.