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eurozone debt crisis News

Eurozone recovery stalled; more austerity possible

Frankfurt - With Europe’s economic recovery slumping, euro governments are under increasing pressure to act while facing considerable political obstacles and disgruntled constituencies ready to light the fuse on protests against renewed austerity measures.

Euro zone unemployment hit record high in September

Madrid - The euro zone big picture is a bit dimmer in terms of unemployment than it was a month ago. According to Eurostat, the European Union’s statistics facility, in a report out Wednesday, about 146,000 additional workers lost their jobs in September.

Op-Ed: Good side of Greek debt? Markets might learn the LIARS lesson

Sydney - The likelihood of a Greek default has been causing shudders around the world. A small economy’s debt has terrified the finance markets. The risk of a Greek default, followed by further defaults is the bug eyed monster, but there’s a good side.

Cameron: Euro crisis to worsen

As the various countries that make up the European Union struggle with austerity measures, British Prime Minister David Cameron says there is worse to come.

Spain unemployment reaches 5.3m and set to get worse

Spain's unemployment rate rose to 22.9 percent, that is the highest figure for 16 years and represents a staggering one in four of the workforce out of a job.

Cameron pledges to protect U.K. from euro crisis

Prime Minister David Cameron has made it clear that British interests will not be compromised in a bid to solve the eurozone debt crisis through an EU treaty change.

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The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany