Bailout Money Goes to Greece, Only to Flow Out Again

FRANKFURT — The Greek businessman was nervous as he carried a suitcase stuffed with cash through passport control at the Athens airport a few months ago. But the distracted and overworked customs officials waved him through.

Britain 'will be Europe's top economy by 2030'

A rising population, a low-tax regime and insulation from the worst of the eurozone's problems leave Britain on course to overtake Germany as Europe's biggest economy within the next two decades, according to a study released on Thursday.

G20 sets growth priority to boost fragile recovery

MOSCOW: The G20 on Saturday agreed to make boosting growth and jobs, rather than deficit reduction, the short-term priority for the global economy as it battles to consolidate a "fragile and uneven" recovery.

EU's Rehn upbeat on eurozone recovery in 2013

THE HAGUE: The eurozone's battered economies are slowly emerging from a crippling recession with growth expected to return by the second half of 2013, EU Economic Affairs Commissioner Olli Rehn said on Tuesday.

Germany's growth forecast cut by Bundesbank

Germany's central bank, the Bundesbank, has cut its growth forecast for next year, saying the country's economy might be entering a recession.

Euro blueprint gives Brussels economic sovereignty over members

A masterplan for “completion of economic and monetary union” has been set out in a confidential document to be discussed by EU leaders at a Brussels summit next week.

Debt crisis: German business confidence slumps

Business confidence in Germany dropped to its lowest level in nearly two and a half years in August, as Europe's biggest economy increasingly feels the pain from the debt crisis, data showed Monday.

IMF director says global recovery very fragile

WASHINGTON (AP) — The managing director of the International Monetary Fund said Tuesday that the global economy is making some advances in digging itself out of a punishing recession, but that the recovery remains very fragile, especially in Europe.