Angela Merkel: the eurozone's one constant

Five years ago today, Greece’s then Prime Minister, George Papandreou, disclosed to the world that his country was in severe fiscal difficulties.

S&P warns of new eurozone recession

The eurozone economy will not grow for two years, according to a gloomy assessment of the outlook for the single currency bloc from Standard & Poor’s.

ECB's Mario Draghi defends euro rescue measures

BRUSSELS: European Central Bank chief Mario Draghi defended on Monday controversial measures taken to tame the eurozone debt crisis, including buying up government bonds, European MPs said.

ECB official calls for urgent financial overhaul

FRANKFURT, Germany (AP) — A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restructure and bail out banks.

S&P Lowers Euro Rescue Fund Outlook to 'Negative'

Standard & Poor’s on Monday lowered its outlook on the European Financial Stability Facility (EFSF), the fund created for bailing out debt-laden eurozone countries.