Treaty change, sanctions against countries that spend beyond agreed limits, eurobonds or the ECB as last resort: here are the main issues confronting European Union leaders and negotiators at a crucia

After months of wrangling, soul searching and violent protests, Greece has finally passed its 2012 budget -- but now comes the hard part, living with it as the economy slumps and the eurozone struggle

International Monetary Fund chief Christine Lagarde on Monday welcomed France and Germany's push for tough fiscal standards in the eurozone, but said more steps were needed to tackle the region's cris

Economic growth in emerging East Asia will continue to moderate in 2012 as growing sovereign debt problems in Europe and an anaemic US economy raise the spectre of a deep global economic downturn, the

A shock warning that almost the entire eurozone including Germany is sliding towards a debt downgrade left EU leaders with just three days on Tuesday to bridge big splits over the debt crisis.

It als

The International Monetary Fund (IMF) said on Thursday it would revise down the global economic growth pace next month as the financial turmoil triggered by the eurozone debt crisis was weighing on wo

U.S. President Barack Obama on Wednesday said he was deeply concerned about the euro zone crisis and market turmoil would continue until Europe has a concrete plan to deal with its sovereign debt woes

The euro rose against the dollar in Asia on Monday after former EU commissioner Mario Monti was nominated to be Italy's next prime minister, raising hopes of a breakthrough in tackling Europe's debt c

Finance Minister Pranab Mukherjee on Monday said the euro zone crisis is impacting the country's growth and will hurt exports in coming months.

"The recent development in the euro zone has heighten

The European debt turmoil may have caused rupee volatility and shaken investor sentiments in India, but real economy would be impacted only if the crisis prolongs for a longer period, says Dun and Bra