Europe gives Greece another four months

The deal struck Friday by finance officials in Brussels should keep Greece afloat and safely in the euro while it works out a long term plan for economic recovery.

Euro Economy’s Managers Aren’t Blinking in Market Rout

German Chancellor Angela Merkel and European Central Bank President Mario Draghi aren’t blinking yet. The longest losing streak in European stocks in 11 years and the weakest inflation since 2009 has intensified pressure on the managers of the euro area’s already ailing economy to deliver fresh stimulus programs.

Argentina debt talks must continue after default: U.S. Judge

(Reuters) - Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was declared a "credit event."

Carney's Canada Years Signal BOE Rates Caution

Mark Carney may have been recalling his time at the Canadian central bank when he cooled talk last month of an early Bank of England interest-rate increase.

Greeks hope for a bumper season as the tourists come back

Athens (AFP) - Greece is hoping for a new tourism record this year, with arrivals likely to exceed 20 million, in a new sign that the country is winning back foreigners as the economy gets back on its feet.

Budget deal reached, government shutdown averted

WASHINGTON — President Barack Obama and congressional leaders reached a historic, last-minute agreement just before a midnight deadline to slash about $38 billion in federal spending and avert the first federal government shutdown in 15 years.

France drags on euro zone economy, Britain brighter

(Reuters) - A huge drop in French business activity meant the euro zone's recession dragged on in March but British services firms provided a rare glimpse of economic sunshine, posting their best month since August.

European leaders headlining annual forum in Davos

GENEVA (AP) — Promoting measures to get the global economy out of its crisis mode will be the focal point of next week's annual gathering of world leaders and power brokers in the Swiss ski resort of Davos, organizers said Wednesday.

Debt Ceiling Nears as Budget Talks Stymied

The Treasury Department said Wednesday the government would hit its legal borrowing limit by Monday, setting in motion emergency measures to keep the government operating for several more weeks and serving as a reminder that the nation's budget wrangling could continue well into 2013.

G20 to urge members to act against economic uncertainty

MEXICO CITY (Reuters) - The Group of 20 leading nations will urge countries to make the most of safety nets, including Europe's bailout fund, to limit uncertainty in the global economy when policymakers meet early next month, Mexican Deputy Finance Minister Gerardo Rodriguez said on Friday.

Germany's Finance Minister Wolfgang Schaeuble confident of go-ahead for eurozone pacts

STRASBOURG: Germany's Finance Minister Wolfgang Schaeuble said Monday he was confident the country's top court will not block the signing into law of the eurozone's key crisis-fighting tools.

German and Greek Officials Play Down Expectations

BERLIN — The foreign ministers of Germany and Greece sought Monday to scale back expectations that a series of high-level meetings this week would produce significant decisions over Greece’s future in the European currency union, calling instead for a “climate change” in tone between the two countries.

Debt crisis threatens to break up Europe

Tensions within the eurozone over how to resolve the debt crisis are turning countries against each other and threatening to rip Europe apart, Italian Prime Minister Mario Monti has warned.

Angela Merkel unsure European project will work

German Chancellor Angela Merkel has admitted that she could not be certain the "European project" would work.

Irish Vote on Fiscal Pact

DUBLIN—Irish voters deliver their verdict Thursday on a European Union treaty designed to bring financial stability to the euro zone by binding countries to tougher rules on balancing their budgets.

Latvia's move to euro faces big challenges: IMF

WASHINGTON: Latvia faces big economic challenges in its planned adoption of the euro, not the least of which is the eurozone crisis itself, the International Monetary Fund said on Tuesday.

Europe on brink of recession, unemployment above 10%

BRUSSELS: Since the start of the year, one phrase has tripped off the lips of European leaders more than any other: "jobs and growth". After two years of debt crisis and budget austerity, there is a strong desire to shift the narrative on.

Draghi May Copy Bernanke on Path to Low Rates

European Central Bank President Mario Draghi may act more like Ben S. Bernanke than Jean-Claude Trichet in 2012.

Crisis talk, austerity calls mark euro anniversary

BERLIN (Reuters) - Policymakers marked the 10th anniversary on Sunday of the introduction of euro notes and coins by urging governments in the currency bloc to save and consolidate to overcome their debt crisis.

EU misses IMF loan target as UK says no

Britain’s refusal to contribute to the IMF for a eurozone bailout fund has left the EU short of its 200 billion euro target.