Moody's Investors Service has said that it may consider downgrading debt ratings for some eurozone nations if Spain seeks a bailout for its banking sector or Greece ends up dropping the euro as its na

A bailout for Spain's teetering banks, once requested by Madrid, could amount to as much as 100 billion euros, two senior EU sources said on Saturday.

Spain has not yet made a formal request for Euro

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

India has prepared a contingency plan for Greece exiting the eurozone and even a collapse of the monetary union, Indian officials said on Tuesday.

The euro zone debt crisis has already put a damper o

Asian shares rose on Wednesday as concerns that Europe's financial strains could intensify following a warning from Spain that it was being shut out of credit markets fuelled hopes that policy makers

Observing that economic performance in Europe is of great importance to the US, the White House has said the eurozone crisis creates a headwind for the global economy, and as such any trouble there po

Credit rating agency Standard and Poor's said on Monday that it sees ‘at least’ a one-in-three chance of Greece exiting the euro zone in the coming months, an outcome which could lead the financially

Europe's debt crisis has frayed nerves around the world for months. Now signs of weakness in the U.S. jobs market and in Chinese factory output give policymakers even more reason to be afraid.

A dark

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

Spain has picked the 'Big Four' accounting firms KPMG, PwC, Deloitte and Ernst & Young to carry a full, individual audit of its ailing banks, a source with knowledge of the decision told Reuters on Sa