Spain's manufacturing sector sees contraction worsen

The rate of contraction in Spain's manufacturing sector was worse than that of Greece in May, according to a business survey. Markit's eurozone manufacturing purchasing managers' index for the whole eurozone dropped to 45.1 from 45.9 in April.

Eurozone unemployment at record high 11%

NEW YORK (CNNMoney) -- The 17-nation eurozone's unemployment rate reached the highest level since the creation of the common currency 13 years ago, climbing to 11% in April as employers slashed 110,000 jobs.

Spain's Leader Faces Doubts At 'Extreme Crunch Time'

MADRID—Six months after Prime Minister Mariano Rajoy won a parliamentary majority by promising to bring credibility and stability back to fiscally troubled Spain, doubts are growing over when and whether it's happening.

U.S. Steps Up Pressure on Europe to Resolve Euro Crisis

PARIS — President Barack Obama is putting increasing pressure on European officials to resolve the euro crisis, talking with the leaders of Germany, France and Italy to help lay the groundwork for action before a Group of 20 summit meeting to be held in June in Mexico.

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.