US raises pressure for decisive action on euro zone crisis

FRANKFURT/BERLIN: The United States raised pressure on euro zone leaders to take decisive action to solve the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European Central Bank meeting.

Euro crisis: Monti upbeat, but unemployment rises

Italy's Prime Minister Mario Monti has said he sees "light at the end of the tunnel" on the eurozone debt crisis. Mr Monti met French President Francois Hollande in Paris after which the two renewed their support for the euro.

Euro zone crisis heads for September crunch

BRUSSELS (Reuters) - Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the common currency.

Greek Official Says Troika to Remain Until Budget Complete

Representatives of Greece’s international creditors may extend their visit to the country until the government has completed work on a two-year, 11.5 billion-euro ($14 billion) budget plan, a Greek finance ministry official said today.

Spanish unemployment hits record high 24.6 per cent

MADRID: The number of people unemployed in Spain hit a record high, official figures showed Friday, as the International Monetary Fund urged European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.