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Eurozone Joblessness Hits New High
Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed today. Eurostat, the EU's statistics office, said the eurozone's...
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Greece Gets 3-Day Ultimatum
Greece has until this weekend to convince the IMF and Europe that it can meet its bailout conditions, before they call off their current site visit and yank the next tranche of aid, sources tell...
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US Picks New Fight With Germany— on Economics
As if US-German relations weren't fraught enough already, the US Treasury savaged the eurozone powerhouse in its semiannual currency report yesterday, complaining that "Germany's anemic pace of...
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Ireland to Be 1st in Eurozone to Exit Bailout
In "a much-needed success story" for the EU, Ireland looks on course to become the first eurozone country to exit its bailout program —a $114 billion aid deal to be complete by the end of 2013, Reuters...
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Another Country Adopts Euro
Lithuania's lita is about to join the drachma, guilder, and Deutschmark in the pages of history: The country has become the 19th to adopt the euro, despite polls showing around half the population...
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Greece Is Dealt 2 More Blows
As predicted , Greece doesn't have the funds to pay back a $1.8 billion euro loan installment by tomorrow's International Monetary Fund deadline, a government official there confirmed today—meaning the...
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Greece's Next Crucial Step: a 6pm Meeting in Brussels
The referendum was a "no," Finance Minister Yanis Varoufakis is out , Euclid Tsakalotos is in ... so where does Greece find itself today? Walking into an emergency summit of EU leaders. The latest: So...
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In About-Face, Greece Offers Austerity Measures
Greece finally met a deadline that counted today, delivering a series of sweeping proposals to its creditors before midnight to set off a mad rush toward a weekend deal to stave off a financial...
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Italy Turmoil: 'We Should Now Call This a Crisis'
The specter of a financial crisis came back to haunt Italy on Tuesday, as its markets plunged on fears that the eurozone's third-largest economy is heading toward an election that will be a referendum...
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