Euro-Area Services, Manufacturing Contract for 10th Month

Euro-area services and manufacturing output shrank for a 10th month in November as the debt crisis hurt confidence, underscoring divergences in the global economy as China’s factories showed the first growth in more than a year.

France is Downgraded, Europe Goes 'From Bad to Worse'

It was bad news for France, but probably worse news for France’s neighbors: Late on Nov. 19, Moody’s Investors Service (MCO)stripped Paris of its AAA bond rating.

Greece Pushes Through Last Minute Reforms

ATHENS--Greece used special powers to pass a law introducing reforms demanded by international creditors in exchange for the country's next aid tranche in time for Tuesday's Eurogroup meeting.

Moody's Says Euro Crisis May Lurch Back into Shock

Moody's Investors Service said Friday the period of calm experienced in Europe in the past six months will come to an end without progress on area-wide reforms, potentially leading Spain and Italy losing bond market access at a time of sizeable refinancing needs.

Euro Crisis Weighs on German Economic Expectations

MANNHEIM, Germany--Economic expectations in Germany fell well below consensus forecasts in November, the latest sign that the euro zone's largest economy is likely to deteriorate over the next six months as the currency bloc's debt crisis drags on, data showed Tuesday.