Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the eurozone, even as pressure built in financial markets for quicker solutions to its debt crisis that th

German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the eurozone as Spain's credit rating was cut by three notches on Thursday amid expectations it may soon seek EU hel

When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even deca

European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the

European leaders will explore ways of breathing life into their stricken economies at a summit on Wednesday, but the issue of eurozone bonds and whether they can help alleviate two years of debt turmo

World leaders backed keeping Greece in the eurozone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened by Europe'

France's new left-wing government started work on Thursday with pledges to combat excessive austerity but better manage public finances, marking the debut with a 30 per cent cut in pay for President F

Chancellor Angela Merkel called for a stable Greek government to be formed quickly after new elections in a telephone call with President Carolos Papoulias on Friday, a German government spokesman sai

Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could sweep to victory in a June election an

As Greece headed for a fresh election after the last attempt to form a government failed in Athens, new French President Francois Hollande and German Chancellor Angela Merkel have voiced their support