Merkel says 'big rethink needed'

Germany's Chancellor Angela Merkel has told the World Economic Forum that a "big rethink" is needed in the eurozone within the global economy.

Euro zone must solve crisis as group: Spain Econ Min

(Reuters) - Euro zone countries must respond as a bloc to the region's debt crisis, Spain's Economy Minister Elena Salgado said on Friday, adding that reforms at state level were not a substitute for co-ordinated action from the region.