France’s Hollande Proposes Creation of Euro-Zone Government

French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.

Greece gets little sympathy from poorer neighbors

Throughout months of acrimonious haggling with creditors, Greece's left-wing government has cast itself as the victim of an elitist financial and political order beholden to Europe's stingy rich, notably Germans.

Greek finance ministry hits back at German newspaper report

ATHENS (Reuters) - Greece's finance ministry dismissed on Sunday a report by a German newspaper which said that euro zone officials were shocked at Greece's failure to outline plans for structural reforms at last week's talks in Brussels.

Italy Posts Biggest Consumer Price Decline on Record Amid Slump

Italy’s consumer prices this month dropped the most since records began after the euro-area’s third-largest economy slipped into recession, adding to concerns that the region might be headed toward deflation.

BOE Sees Case for Keeping Record-Low Rate Beyond 7% Jobless

Bank of England officials voted unanimously to keep policy unchanged this month and said a record-low interest rate may be needed even after unemployment falls to the threshold set under forward guidance.

Euro can only succeed via political union: Greenspan

FRANKFURT: The euro can ultimately only succeed if EU countries agree to a political union, the former head of the US Federal Reserve, Alan Greenspan, said in an interview Sunday.