Euro, US stocks gain on European progress

The euro, U.S. stocks and crude oil rose on Thursday after an Italian debt auction went better than feared and news from Europe eased concerns over a potential euro zone break-up. European

Ex-ECB man Papademos becomes new Greek PM

Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, and will have to scramble to save the country from default and an

Germany says not pursuing smaller euro zone

The German government is not pursuing the idea of a smaller euro zone and its policies are focused on stabilising the currency bloc as a whole, Chancellor Angela Merkel's spokesman said on