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The beleaguered euro was hovering just above a major price support level of $1.25 on Friday as worries about Europe's debt problems plagued markets, pressuring Asian stocks and supporting gold near record

German Chancellor Angela Merkel said on Thursday the euro's troubles offered a chance for the EU to strengthen its economic and political union, not just its common currency. Speaking at a ceremony

Greece's unemployment rate jumped to 12.1 percent in February, its highest in at least six years, and is expected to rise further as a result of Athens' plans for tough austerity to

Prospects for British economic growth remain muted as the country faces up to its first coalition government for decades, forcing the central bank to hold rates until 2011, the latest monthly Reuters

Optimism about a stronger recovery among the world's richest nations is gradually rising, Reuters polls show, unfazed by a European debt crisis that started in Greece and gripped markets in a chokehold

Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides has said that for the government and for the Cyprus Tourism Organization (CTO), the promotion of the domestic tourism constitutes a high priority

British Prime Minister David Cameron was holding his first cabinet meeting on Thursday, with rescuing the fragile economy the priority for the coalition government. The centre-right Conservatives and smaller centrist Liberal Democrats

Spain belatedly joined the euro zone's austerity bandwagon on Wednesday in response to a widening debt crisis as the European Commission sought an unprecedented right of prior review of national budgets. Prime

About 2,000 Greeks marched to parliament on Wednesday to protest against spending cuts and tax hikes, as the debt-choked country received a first instalment of 5.5 billion euros as part of an