EU unemployment tops 26 million for 1st time

Unemployment rate in the eurozone rose to 11.8 percent in November

• Jan 8, 2013

German orders, exports take a hit

Industrial orders were down a little more than expected in November, while exports slid by a sharp 3.4 percent

• Jan 8, 2013

Former Greek finance minister to face prosecution?

Relatives' names disappear from Swiss bank account list; former minister denies he was involved

• Dec 31, 2012

Shares plunge for Spanish bailed-out bank Bankia

Officials with the nation's bank bailout fund said the nationalized institution was worth minus $5.6 billion

• Dec 27, 2012

S&P downgrades Cyprus on default fears

Eurozone group countries are expected to decide on a Cypriot bailout when they next meet on Jan. 21

• Dec 21, 2012

German business confidence up more than expected

Latest survey suggests Europe's largest economy will avoid a recession despite a recent slowdown in growth

• Dec 19, 2012

Standard & Poor's hikes Greek rating by 6 notches

Greece's rating raised to B-, yanking the debt-heavy country out of default but still keeping its devalued bonds in the junk zone

• Dec 18, 2012

EU: Tax collection still lagging in Greece

With 2 months to go in 2012, country was still about a billion euros behind the EU target of recovering 2 billion euro

• Dec 17, 2012

In Spain, limiting tax burdens with carrots

One Spanish theater owner sells $17 carrots, then gives tickets away for free; In Spain's freefall economy, every penny helps

• Dec 13, 2012

In cautionary move, Europe centralizes bank oversight

European finance ministers create a plan to insulate troubled governments from their own countries' failing banks

• Dec 12, 2012

Bank aid money arrives in Spain

Package aims to keep the cost of rescuing the banks from sinking the Spanish government's finances and forcing it to demand a bailout of its own

• Dec 12, 2012

Eurozone finance ministers debate Greek buyback

Bailout creditors had demanded the buyback as one of the conditions for paying out a long-delayed installment in rescue loans

• Dec 11, 2012

European stocks fall after Monti says he'll resign

Investors worry that political turmoil could derail Europe's effort to end its financial crisis

• Dec 10, 2012

ECB cuts growth outlook for eurozone

Central bank warned of another gloomy year for the 17 European Union countries

• Dec 6, 2012

Greece's jobless rate hits 26 percent

Unemployment has surged as a result of harsh austerity measures imposed in return for international rescue loans

• Dec 6, 2012

S&P downgrades Greece rating to "selective default"

Country says it plans to spend up to $13 billion on the buyback in a bid to bring its staggering debt load under control

• Dec 5, 2012

Germany, France at odds over EU banking supervisor

Banking sector has been seen as a prime cause of Europe's three-year crisis and agreement to fix it as an essential part to avoid a recurrence

• Dec 4, 2012

Bomb hits Greek far-right party office

Extreme Golden Dawn party has risen to prominence amid country's financial crisis with anti-immigrant stance

• Dec 4, 2012

Eurozone unemployment hits another record high

Spain and Greece have the region's highest unemployment rates, with both over 25 percent; Youth unemployment levels heading towards 60 percent

• Dec 1, 2012

Moody's downgrades eurozone bailout fund

Rating agency said its decision was driven by its earlier downgrade of France

• Nov 30, 2012

Germany gives green light to Greek debt deal

Earlier this week, European finance ministers approved a deal to release some $57 billion in rescue loans to Greece

• Nov 30, 2012

Greek bankruptcy averted, for now

After weeks of negotiations, Greece's creditors agreed to release vital loan payments totaling some $57 billion

• Nov 27, 2012

Euro officials seek way to unlock Greek crisis

Eurozone finance ministers have for weeks failed to agree a strategy that will allow them to release some 44 billion euro in bailout loans

• Nov 26, 2012

EU summit ends without budget deal

The failure of the two-day summit raises questions about how the bloc makes important decisions

• Nov 23, 2012

Cyprus bailout talks make "good progress"

Potential creditors are awaiting the results of an investigation into how much Cyprus' ailing banks will need to recover

• Nov 23, 2012

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