Slovenia Faces ‘Severe’ Banking Crisis in Recession, OECD Says

Slovenia, hit hard by a boom-bust cycle and the euro area’s debt woes, faces a “severe” banking crisis if it doesn’t act quickly, the Organization of Economic Cooperation and Development said.

German Industrial Production Increased in February

German industrial output rebounded in February, adding to signs that Europe’s largest economy is stabilizing after a contraction in the fourth quarter.

Amid financial crisis, Cyprus convicts offer help

NICOSIA: With Cyprus' economy falling apart, even those behind prison bars are pulling together to help people in need.

Italy to pay 40 billion euros of state debt to companies

ROME (Reuters) - Italy's caretaker government said on Saturday it would pay 40 billion euros ($52 billion) that the state owes to private companies over the next 12 months, while vowing to stick within the European Union's deficit limit.

Euro zone crisis: German economy slows to 'near-stagnation,' PMI survey shows

BRUSSELS, Belgium — Germany, the largest economy in the euro zone, slowed to “near-stagnation” in March, according to data released Thursday that showed the euro-area recession had deepened.