Result Page 97 for European union news & latest pictures from ibtimes.com

German Leaders Angry at Greece Referendum

Prime Minister George Papandreou's shock decision to call a referendum on Greece's bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.

Has Greek Prime Minister Papandreou Lost His Mind?

Has Greek Prime Minister George Papandreou lost his mind, with a shocking decision to call a referendum on Greece's bailout offer from European nations hoping to avert a global financial meltdown spurred by Greece default?

Greek Referendum Call Ignites German Anger

Greek Prime minister Papandreou delivers a speech to Panhellenic Socialist Movement parliamentary group in Athens

Prime Minister George Papandreou's shock decision to call a referendum on Greece's bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.

Berlusconi Denies Secret Meeting with Sarkozy and Merkel

Italian Prime Minister Silvio Berlusconi denied as entirely baseless a report that he had held a special meeting with French President Nicolas Sarkozy and German Chancellor Angela Merkel after last week's summit meeting of European Union leaders.

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A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Euro Area Growth to Slow Next Year - OECD

The euro area is headed toward a sharp economic slowdown in 2012, with some countries set for negative growth, and failure to restore confidence in battered state finances could prompt a major contraction in developed countries, the OECD said on Monday.

Italian Bond Yields Rise to Near August Levels

Italian bond yields rose on Monday nearly to levels seen in August when the ECB intervened to shore up debt markets, indicating new concerns that problems in the euro zone's third largest economy could threaten the entire bloc.

Italy under pressure as bond yields climb

Global Economy on Brink of Huge Jobs Recession: ILO

Global unemployment now already exceeds 200 million, the highest level ever reported.

Moody's Cuts Outlook for European Steel Industry

Ratings agency Moody's has cut its outlook for the European steel industry to negative and said it expects demand to weaken by up to 4 percent in the next 12 months, as the industry faces economic strain and weak construction and auto markets.

Banks Lead European Shares Lower

Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.

European Shares Lower but October to be a Strong Month

Draghi over-interpreted on bond buys, says Trichet

Markets have over-interpreted comments by incoming European Central Bank chief Mario Draghi on the bank's readiness to go on buying the bonds of troubled euro zone states, outgoing ECB President Jean-Claude Trichet said.

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt

ECB Doomed to Bigger Crisis Role Despite Itself

Ask senior European Union policymakers in private what can stop the euro zone's festering sovereign debt crisis and the answer is the European Central Bank.

Japan to Buy More EFSF Bonds, Says Europe Bailout Fund Chief

The head of Europe's bailout fund, in Asia on a tour for potential investors, said on Monday he had been reassured by Japan's top currency official that Tokyo would continue to buy its bonds.

Europe will not offer China concessions for aid: Juncker

Eurogroup chairman Jean-Claude Juncker said on Sunday it made sense for China to invest its surplus in Europe to help the region overcome its debt crisis, but this would not involve political concessions.

The European Union flag is pictured in a window reflecting a street in London

China Will Not Be 'Savior' of Europe in Debt Crisis: Xinhua

Europe should not expect China to ride to the rescue as its savior from the debt crisis, though Beijing will do what it can to help a friend in need, the state-run Xinhua news agency said in a commentary Sunday.

German Finance Minister: Europe Has Long Way to Go

Europe still has a long way to go to solve its crisis, German Finance Minister Wolfgang Schaeuble was cited as saying by a magazine, noting it was key that Italy did its homework and implemented promised reforms.

Stocks, euro pause as Europe doubts linger

U.S. and European shares took a breather on Friday after a strong rally on a long-awaited euro zone rescue deal, but a weak sale of Italian bonds showed investor confidence in the agreement was shaky.

IMF chief Lagarde stands with European Central Bank President Trichet at the start of the G20 meeting in Paris

Groups urge G20 not to ignore development agenda

Global development groups on Friday called on G20 leaders to step up to their commitments to tackle global food security and come up with new ways to boost world growth that also benefit the poorest.

Trichet says crisis not over, hard work ahead: report

European Central Bank President Jean-Claude Trichet said in a newspaper interview the euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal.

Klaus Regling, CEO of the European Financial Stability Facility, speaks during a conference in Lisbon about the future of the Euro

Eurozone Bailout Fund Chief Courts China Investment

The head of the European Financial Stability Facility sought to entice China on Saturday to invest in the bailout fund by saying investors may be protected against as much as one-fifth of initial losses.

European Central Bank President Jean-Claude Trichet waves as he leaves a euro zone leaders summit in Brussels

Eurozone Debt 'Crisis Not Over': ECB President Trichet

European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published Sunday that the Eurozone sovereign debt crisis is not yet over and that it is too early for the all-clear signal.

European shares slip after Italy rattles investors

European shares slipped Friday after the previous session's rally on the European Union's debt deal, as a disappointing Italian bond auction fueled investors' skepticism about the plan to tackle the region's debt crisis.

Wall Street Dips after Rally, HP Shares Jump

Stocks edged lower on Friday as investors paused following a powerful rally that propelled the S&P 500 index almost 20 percent since briefly dipping into bear market territory earlier this month.

Euro zone rates on hold as guard changes

Euro zone interest rates will very likely remain on hold next week as the European Central Bank navigates the transition to new leadership, with an anti-crisis plan forged by EU leaders taking some heat off monetary policymakers.