Greek Economy To Shrink At Least 5% In 2012, Says Think Tank

ATHENS -- Greece may be bracing for a recession far worse than the official forecast, a Greek think tank said Monday, with the contraction expected at 5% or more in 2012.

Spain heading for highest debt level in 22 years

MADRID: Spain's public debt will jump to its highest level since at least 1990 this year as the economy sinks into recession, the government said in its budget on Tuesday, worrying investors who sold Spanish bonds.

Euro Leaders Seek Global Help After Firewall Boosted

Efforts to resolve the two-year-old European debt crisis swung back to world leaders after euro-area policy makers boosted a firewall designed to overcome doubts about their crisis response and to lure additional emergency aid.

U.S. Economy Will Trump Europe In 2012

If there’s one good thing that’s come out of the European debt crisis it’s that the U.S. has been able to shield itself from much of the mess.

Euro zone agrees 800 billion euro firewall: Austria

COPENHAGEN (Reuters) - Euro zone finance ministers have agreed to boost the currency bloc's debt crisis firewall to roughly 800 billion euros ($1.06 trillion), Austrian Finance Minister Maria Fekter said on Friday.