Greek deadlock continues as Christine Lagarde describes talks as 'productive'

Greece will not reach a deal with European debt inspectors on fresh austerity measures before a vital meeting on Monday, according to the country's finance minister, even as IMF managing director Christine Lagarde described talks as "very productive".

German businesses remain gloomy

HONG KONG (CNNMoney) -- Faced with a persistent debt crisis in Europe, German businesses see few reasons for optimism.

Italy eyes euro zone aid to ease debt pain

(Reuters) - Italy said on Tuesday it may want to tap euro zone aid to ease its borrowing costs as finance ministers struggled to convince markets they are getting a grip on the bloc's debt crisis, which a top European Central Banker said could escalate.

Debt crisis: Finland threat to plans to unleash ESM

Finland, one of the eurozone’s few remaining AAA-rated economies, has pledged to block Brussels’ celebrated plans to allow its new bail-out fund to buy sovereign bonds in the market.

Merkel faces tough sell at home over Spanish aid

BERLIN (Reuters) - Angela Merkel's government was forced to defend an EU rescue for Spain's indebted banks on Monday, with many Germans convinced their generosity is being abused and skeptics warning that promising aid without tough conditions sets a risky precedent.