EU seeks accord on safety net, budget rules

European finance ministers sought to calm nervous financial markets on Monday by nailing down details of a massive financial safety net for the euro zone and working towards stricter budget discipline rules.

European shares pare losses on German data

European shares were lower around midday on Monday, as Hungary's debt crisis added to existing worries about the euro zone, though losses were pared after the release of better-than-expected German manufacturing data.

Greek shares fall to 12 year low

Greek shares <.ATG> fell 3.6 percent on Monday, tracking weakness in European bourses, with the benchmark share index reaching its lowest level since March 1998, led lower by banks. At 08:09 GMT,