For more than two years, Europe's 17-nation euro currency bloc has grappled with containing its burgeoning governmental debt crisis. Its leaders often took half-steps they thought surely would calm international financial markets worried about the fa...
PARIS - Eurozone countries will be anxiously watching the outcome of second-round of legislative elections Sunday in Greece, which may determine the country's future role in the eurozone. Greek voters will be choosing between parties that call for tw...
Europe's chief banker says the current operation of the 17-nation euro currency bloc is unsustainable and that it must create a new vision of how it will manage its affairs in the coming years. The head of the European Central Bank, Mario Draghi, sai...
The Organization for Economic Cooperation and Development (OECD) demanded more reforms and a stronger financial rescue fund to help the eurozone recover from its debt crisis. The call by the Paris-based group comes just days before a key European fin...
After months of negotiations with its European neighbors, Greece has secured final approval of a new $170 billion bailout, the country's second rescue package in two years. Luxembourg Prime Minister Jean-Claude Juncker said Wednesday the first instal...
LONDON, Jan. 16 (Xinhua) -- Ratings agency Standard Poor's lowered the AAA long-term issuer credit rating of European Financial Stability Facility (EFSF), eurozone's rescue fund, to AA+ from AAA on Monday. The ratings agency cited the now-reduced cre...
As European leaders attempt to defuse the continent's debt crisis, they are confronting contentious issues over national identity, vastly different economies and how much power should be centralized to control the spending of individual nations. The...
The European Central Bank (ECB) has raised interest rates to 1.5% from 1.25% in an attempt to cool inflation in the 17-nation eurozone. ECB president Jean-Claude Trichet said that inflation, now 2.7%, was likely to remain clearly above the ECB's 2% t...
BRUSSELS, Feb. 14 (Xinhua) -- Finance ministers of eurozone countries downplayed(不予重视) inflation risk in the European single currency club on Monday, despite the recent rises due to higher oil prices. Inflation（通货膨胀） in the euro a...
BRUSSELS, Jan. 14 (Xinhua) -- The eurozone trade balance with the rest of the world fell into deficit in November last year as imports rose more than exports, the European Union (EU)'s statistics（统计学） office Eurostat said on Friday. In Nove...
