euro zone News

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Greek PM Poised for Cabinet Shake-up

ATHENS, Greece (Sept. 6) -- Greece's embattled Prime Minister George Papandreou looks set to overhaul his Cabinet as criticism swells over lagging attempts to enact reforms, spur growth and yank Greece out of its deepening recession. It remained unclear, however, whether the shake-up -- anticipated for months, and now due...

Enraged Greeks Protest Austerity Moves

ATHENS (Feb. 24) -- As a mechanical engineer working for the state for three decades, Dina Apostolou was set to retire this year. Instead, she's agonizing as Greece's enfeebled economy teeters on the verge of collapse. "If austerity measures take effect, then I may have to work another five years," she says as she stomps...

euro zone News From AOL

THE HUFFINGTON POST

A Different Take on the Euro Zone Debt Crisis: Blame It on the Sun

Greece and Portugal have fallen, Spain is tottering, Italy is wobbly -- and the Germans and the Finns?

THE HUFFINGTON POST

Merkel: Mass Eurozone Downgrade Highlights Need For Strong 'Fiscal Compact'

BRUSSELS/BERLIN, Jan 14 (Reuters) - European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.

THE HUFFINGTON POST

European Leaders Acknowledge Greek Default May Be Needed

European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and stop contagion to Italy and Spain.

THE HUFFINGTON POST

Oil Prices Fall To Their Four-Month Low Amidst European Debt Crisis

Crude oil prices fell by more than $1 on Monday, extending last week's losses, with risk aversion rising after euro zone finance ministers postponed a final decision on emergency loans to Greece.

euro zone News From the Web

12/07/11 ECB closely involved in drafting euro zone integration... Source: Reuters Plans for tighter euro zone fiscal and economic integration outlined by European Council President Herman Van Rompuy on Tuesday were closely discussed with the European Central Bank during the drafting process, euro zone officials said.
12/04/11 No number yet on boost to IMF from eurozone c.banks Source: The Edge Daily Talks on the size of loans from euro zone national central banks to the International Monetary Fund are starting at a technical level after euro zone finance ministers gave the green light to explore the idea last Tuesday, officials said on Saturday.
12/03/11 No number yet on boost to IMF from eurozone c.banks Source: Reuters Talks on the size of loans from euro zone national central banks to the International Monetary Fund are starting at a technical level after euro zone finance ministers gave the green light to explore the idea last Tuesday, officials said on Saturday.
10/11/11 Slovakia puts euro zone rescue fund on hold Source: Globe and Mail In a hostage taking, the power normally lies with the hostage takers â the big, mean guys with the firepower.

Background on euro zone

The eurozone (), officially called the euro area, is an economic and monetary union (EMU) of 17 European Union (EU) member states that have adopted the euro (€) as their common currency and sole legal tender.

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