Eurozone industrial output in surprise slump

LONDON (AP) -- Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in another sign that the region's recession is getting worse and weighing on big economies like Germany.

Euro coins a hit with Latvians ahead of eurozone entry

Riga (AFP) - Latvians queued up Tuesday to be among the first to get their hands on the euro coins that will replace the Baltic state's lats currency on January 1.

EU raps new member Croatia over deficit, debt

BRUSSELS: The European Commission said Tuesday new EU member Croatia is in breach of rules on the public deficit and debt and will have to take measures to remedy the problem.

Exclusive: Euro zone bailout fund should be allowed to help close failing banks - document

BRUSSELS (Reuters) - The euro zone's bailout fund should be allowed to lend to help finance the closure of banks in the bloc, a proposal prepared for euro zone finance ministers showed on Monday.

Expelling Silvio Berlusconi Won't Boost Italy's Stagnant Economy

On November 27th the Italian Senate expelled the three-time former Prime Minister Silvio Berlusconi, following his conviction for tax fraud, and in doing so deprived him of parliamentary immunity.