Eurozone economy shrank in Q3

Last Updated: Friday, November 16, 2012, 18:59

At least seven of the 27 European Union countries were in recession in the third quarter, including euro zone members Spain, Italy, Portugal and Greece.

Great effort needed to overcome EU crisis: Merkel

Last Updated: Sunday, November 4, 2012, 17:59

"We need a great effort, of five years and more," Merkel said Saturday at a gathering of her Christian Democratic Union party in the northeastern German town of Sternberg.

'Europe could plunge into war if Euro collapses'

Last Updated: Monday, October 15, 2012, 14:05

Britain’s Business Secretary Vince Cable has warned that Europe could be plunged into war if the eurozone crisis results in the collapse of the currency.

Angela Merkel expresses support for Greece

Last Updated: Tuesday, October 9, 2012, 12:01

German Chancellor Angela Merkel, during her first visit to Greece since the eurozone debt crisis erupted three years ago, pledged her support.

Putin 'confident' of Euro's survival

Last Updated: Wednesday, September 26, 2012, 08:46

Despite the current financial difficulties in the eurozone, Russian President Vladimir Putin believes the euro will survive.

German court allows ratification of EU bailout fund with conditions

Last Updated: Wednesday, September 12, 2012, 09:41

The ESM was supposed to come into effect in July as a 700 billion-euro firewall to stop the three-year-old debt crisis from spreading.

ECB unveils plan to buy unlimited volume of sovereign bonds

Last Updated: Thursday, September 6, 2012, 21:28

The European Central Bank Thursday announced a fresh programme that allows it to execute potentially unlimited sovereign bond-buying, a widely-expected bid to save the region's currency.

Eurozone jobless rate at record high in July

Last Updated: Friday, August 31, 2012, 20:07

Official figures show that the unemployment rate across the 17 countries that use the euro remained at a record high of 11.3 percent in July, the same as in June but up 1.2 points from a year earlier.

Impact of eurozone crisis on banks may be limited: Govt

Last Updated: Thursday, August 30, 2012, 17:50

The Reserve Bank has informed the government that the impact of eurozone crisis on the Indian banks may be limited.

Rupee fell to lows on widening deficits, EU crisis: Govt

Last Updated: Friday, August 10, 2012, 00:01

The rupee fell to a low of 57.2 per US dollar in June-end on widening trade and current account deficits, Eurozone crisis and strong dollar in the overseas market, Parliament was informed Thursday.