Nobel Laureate Phelps Warns Against EU as Iceland Abandons Talks

Nobel Laureate Edmund Phelps warned against the dangers of European Union membership as Iceland became the latest nation to question the sense of affiliation with a bloc mired in economic crisis.

British PM David Cameron urges more action on tax from UK territories

LONDON: Britain called upon its overseas territories to "get their house in order" over the sharing of tax information on Monday as the UK looks to lead a global fight against tax evasion ahead of a meeting of the world's wealthiest states.

Every cent helps: euro zone explores scrapping smallest coins

BRUSSELS (Reuters) - Saving pocket change may not end the euro zone crisis, but the European Commission hopes that scrapping the smallest coins could help penny-pinching governments cut costs.

France enters recession; Hollande under pressure

PARIS: President Francois Hollande holds a key press conference on Thursday, a day after his first anniversary in office was marred by news that holland France had fallen back into recession amid plummeting economic indicators.

Germany can't stop euro zone from sinking into longest recession

(Reuters) - Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.