Euro Zone

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Greek reform to survive voter anger

A riot policeman tries to protect himself from a petrol bomb during a huge anti-austerity demonstration in Athens' Syntagma (Constitution) square February 12, 2012. REUTERS/Yiorgos Karahalis

ATHENS - Support for Greece's two pro-bailout parties has sunk to an all-time low, but the squabbling rivals will probably scrape through upcoming elections and push through the reforms demanded by European lenders.  Full Article 

Euro zone economy to shrink in 2012, EU stagnates

BRUSSELS - The euro zone's economy is heading into its second recession in just three years, while the wider EU will stagnate, the EU's executive said on Thursday, warning that the area has yet to break its vicious cycle of debt.

5:11am EST

Euro zone teetering on brink of recession

LONDON - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week. | Video

22 Feb 2012

EU to stick to tough budget cuts, may consider small leeway

BRUSSELS/MADRID - A darkening economic horizon may persuade the EU to give countries such as Spain softer deficit targets but there will be no let-up in the overall austerity drive as the continent struggles to draw a line under its two-year debt crisis.

22 Feb 2012

Europe's debt crisis set to dominate G20 talks

MEXICO CITY - Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.

IMF 22 Feb 2012

Factbox: ECB and euro zone c.banks role in Greek debt deal

FRANKFURT - Below is a list of the various contributions the European Central Bank and the national euro zone central banks will make to the deal to cut Greek debt, reached in the early hours of Tuesday.

21 Feb 2012

Wells Fargo buys BNP Paribas energy lending unit

- Wells Fargo & Co said it is buying an energy lending business from BNP Paribas in the U.S. bank's latest acquisition from a European bank seeking to shrink its balance sheet.

EU leaders to ask G20 to back higher IMF funds

BRUSSELS - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.

21 Feb 2012

Europe seals new Greek bailout but doubts remain

BRUSSELS - Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses. | Video

21 Feb 2012

Insight: ECB preparing to close liquidity floodgates

FRANKFURT/BRUSSELS - The European Central Bank wants its second offer of cheap ultra-long funds next week to be its last, putting the onus back on governments to secure the euro zone's longer-term future.

21 Feb 2012

ANALYSIS OF THE EURO ZONE CRISIS

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