Euro Leaders Demand Austerity as Italy Nears New Vote

European leaders demanded that euro members press on with budget cuts to end the debt crisis as Italy edged closer to a new election after an anti-austerity vote last week resulted in political deadlock.

Time to act again, Mr. Draghi?

Further European Central Bank action to jump start the eurozone economy: Let me get back to you.ECB President Mario Draghi says he's doing what he can.

Eurozone crisis to be over by September, predicts RBI Governor D Subbarao

NEW DELHI: If RBI Governor D Subbarao's prediction is anything to go by, the Eurozone crisis is likely to be over with expiry of his term in September this year.

Greece faces bailout review, plays down public sector job losses

(Reuters) - Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan as the government plays down the prospect of public sector job cuts.

Euro-Area Unemployment Climbs to Record on Recession

The euro-area inflation rate fell below the European Central Bank’s 2 percent ceiling for the first time in more than two years and unemployment climbed to a record as the currency bloc remained mired in recession.