May 31, 2012

French jobless claims hit highest this century

PARIS (Reuters) - France had more jobseekers in April than any time this century as numbers rose for the twelfth month running, and the labor ministry said it was braced for more layoffs in the months ahead.

May 30, 2012

Greek euro exit would halve incomes, report warns

ATHENS, Greece - Greece's biggest bank says that if the country exits the euro currency bloc the effect on the nation's populace would be dramatic.

May 28, 2012

Giant Lender in Spain Asks for Billions to Fend Off Collapse

MADRID — Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that it would need an additional 19 billion euros ($23.88 billion), far beyond what the government estimated when it seized the bank and its portfolio of delinquent real estate loans earlier this month.

May 27, 2012

Euro Zone Crisis To Hit Colombia, Chile; Won't Derail Growth

PARIS -(Dow Jones)- Chilean finance minister Felipe Larrain said Thursday his country will be hit by the euro-zone crisis in the coming months, though not strongly enough to derail economic growth.

May 26, 2012

Crisis clouds gather over German economy

FRANKFURT: Exports and consumer demand are cushioning Germany against recession, data showed on Thursday, but crisis clouds are gathering over Europe's biggest economy as business confidence falls sharply.