Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm.
A moderate earthquake with a magnitude of 5.5 shook Sirnak province in southeast Turkey on Thursday, the Kandilli Observatory in Istanbul said. There were no immediate reports of damage or casualties in
Germany and France have signed a declaration of intent to cooperate on armament, and plan to coordinate their purchases in the long-term, the German-French declaration obtained by Reuters showed on Thursday. "We
Technocrat Prime Minister Mario Monti appealed to Italy's politicians on Wednesday to back his tough economic medicine to avoid Rome becoming the next victim of the euro debt crisis, after a bailout
Britain's leading share index fell back on Thursday, reversing the previous session's gains, with euro zone uncertainties to the fore after Moody's cut Spain's debt rating, and ahead of a bond auction
Europe's top shares edged lower early on Thursday with caution prevailing among investors as Moody's became the latest rating agency to downgrade Spain, ahead of an Italian bond auction later in the
Cyprus is examining the possibility to request financial assistance from the EFSF only for banking recapitalization, Cyprus Central Bank Governor Panicos Demetriades has said. "Delicate handlings are being made by the government
Cypriot Minister of Finance Vassos Sharly refrained from elaborating as to when the government will take its decisions with a view to securing financial assistance to recapitalizing its banking sector, noting that
Cyprus is looking to Europe, Russia and China for the best possible bailout terms, officials said on Wednesday, and could seek as much as 4 billion euros ($5 billion), or more than
France will meet a goal to cut the public deficit to within an EU ceiling of 3 percent of gross domestic product in 2013 and can do so without imposing large-scale austerity
