UK services sector slows to 22-month low

Growth in the UK services sector grew in October, but the pace has slowed to an almost two-year low, according to "disappointing" official data.

Angela Merkel: eurozone crisis will last at least another five years

The eurozone will take at least another five years to recover from the crippling debt crisis that has hampered even Europe's most powerful economy, according to German Chancellor Angela Merkel.

Euro Crisis Strongest Headwind, Treasury Official Says

MEXICO CITY--Senior finance officials from the world's top economies meeting this weekend in Mexico City will continue to focus on the European crisis response, a senior U.S. Treasury Department official said Friday, downplaying calls by some in Europe that the U.S. fiscal situation should be the priority.

Greece caught in trap of rising national debt

ATHENS: Greek debt has turned into a modern version of a nightmare from mythology in which the more the country cuts and taxes to climb the mountain, the deeper down it falls.

Deputy PM Clegg warns UK risks sliding to EU exit

(Reuters) - Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.