Euro zone inflation dips; Italian jobless hits record

Euro zone inflation fell again in November amid expectations that the European Central Bank (ECB) could try to bolster the region's economy by announcing further stimulus measures.

ECB Channels Trichet’s Strong Vigilance to Signal Easing

The European Central Bank is preparing multiple measures against too-low inflation that could be used as soon as next month, policy makers said.

Did Europe misdiagnose debt crisis and make it worse?

(Reuters) - At the height of the euro zone debt crisis, with Portugal's economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again.

Euro Extends Losses On ECB Rate-Cut Speculation

The euro extended its losses against major currencies in Asia on Friday amid growing speculation that the European Central Bank may cut interest rates to stimulate the euro-zone's fragile economy.

EU public debt rockets

The debt to GDP ratio in the eurozone has reached a new record of 92.2% as high unemployment, tumbling trade flows and a prolonged recession in the single currency bloc take their toll.

Merkel Says Euro Nations Must Follow Germany’s Lead on Growth

Chancellor Angela Merkel said euro nations must follow Germany’s lead in tightening budgets and reshaping labor markets to return to growth as she seeks to stave off any crisis eruptions before elections in September.

France's Hollande Backs Greece But Urges Credible Reform

(CNN) -- French President Francois Hollande restated his country's support for debt-stricken Greece Saturday, but stressed that it must live up to its reform commitments.

Euro tumbles as Asian funds shun EU chaos

The single currency has been sliding relentlessly since the European Central Bank cut its discount rate to zero last week, triggering an exodus of money market funds, but has now broken key resistance levels watched by technical analysts.

Greek exit would be 'catastrophe', says former Greek PM

A Greek exit from the euro would be a "major catastrophe", former Greek PM George Papandreou has told the BBC.

Greeks fearful of euro exit as crisis gathers

THENS: Greeks fear that if their country is forced out of the eurozone, and much of the speculation is that it will be, then they will face soaring prices with the return to a drachma which must fall sharply.

Euro zone risks spark broad-based selloff

LONDON: Uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors on Monday, sending the single currency and European shares down to near four-month lows.