European Central Bank

The French President, Nicolas Sarkozy, has acceded to German demands and is now advocating a new treaty to integrate the eurozone member states.

German Chancellor Angela Merkel and French President Nicholas Sarkozy are meeting in Paris Monday in an eleventh-hour bid to save the euro from total collapse.

The German Chancellor, Angela Merkel, has hinted that Europe might become a “United States of Europe” after advocating a “fiscal union” policy within the eurozone.

With just under a week before the European Commission, the eurozone is on a knife edge. The International Business Times UK outlines the possible scenarios for the euro in 2012.

The Organisation for Economic Corporation and Development (OECD) has warned that the Eurozone must integrate its fiscal policy or face the possibility of a breakup, with Britain heading for a double-dip recession.

Stand-first: Mario Monti has a tough task at hand – to shore up the finances of Italy which are a total shambles.

A tense meeting between German Chancellor Angela Merkel and British Prime Minister David Cameron will take place in Berlin as the pair thrash out their differences on a number of crucial issues.

In an interview with International Business Times, Tory Peer and former shadow treasury secretary Lord Flight described the current EU model as corrupt. He offered three possible scenarios for a New Order.

It’s the turn of professionals to find a solution to the debt crisis of two beleaguered nations, Greece and Italy, which shook the very existence of eurozone. Now the political leadership of these two nations is going to be in the hands of technocratic economists in the desperate bid to lead them out of the debt trap.

A new Greek Prime Minister has finally been sworn in, nearly a week since the government fell apart over disagreements surrounding the Euro crisis.

Europe's key crisis figures have all Goldman Sachs in their pedigree. Is it just a coincidence or is the financial world is trying to take over Europe?

The deepening crisis in the Eurozone has given rise to a lot of speculation about the future of the region in its present shape.

Lucas Papademos, a respected economist and former European Central Bank vice-president has been named as Greece's new Prime Minister, after days of tense negotiations.

As the final twilight of George Papandreou’s premiership dims for good, The IBTimes reveals in an exclusive interview with a source close to the former prime minister, what life was like for the Pasok leader.

The Greek press warned political parties that "today is the last chance" to end the political stalemate and appoint a new leader.

The new president of the European Central Bank, Mario Draghi, will look to promote “growth” in the eurozone, according to a leading portfolio manager in the City of London.

After 48 hours of political deadlock, Greece will name its new prime minster by the end of the day after the outgoing premier, George Papandreou, and opposition leader, Antonis Samaras, reached a consensus with the country’s president Carolos Papoulias yesterday evening.

The German Chancellor, Angela Merkel, has confessed that there is no deal on the table to fund the IMF or a Eurozone firewall which has sent markets tumbling across the world.

The prime minister, David Cameron, faces yet another rebellion in the Commons – this time over the use British taxpayers’ money to boost the International Monetary Fund (IMF), a fiscal reserve that supports ailing economies such as Greece.

Silvio Berlusconi is feeling the pressure of a financial and political crisis as six former parliamentary loyalists sign a letter calling for a new government amid controversy over the cabinet's economic reform plan.

World leaders are burning the midnight oil on Wednesday, in an effort to end the Eurozone crisis. They have collectively made it clear saving the Euro is more important than the outcome of the Greek referendum.

Reading Bloomberg News' article by Lorenzo Totaro at lunchtime, Friday 28 October on Italy's latest Bond Sale falling short of expectations and the country's borrowing costs rising, I quickly checked to see what its current National Debt is. At €1,900.8 billion, amounting to €31,500 per inhabitant, this roughly measures 120 per cent of Italy's GDP.

Protests in Greece refused to die down and violence escalated Thursday, leading to the death of one protester, as Greek lawmakers narrowly passed a second package of austerity measures, which further weakened the country's ruling Socialist party.

Author and activist Naomi Wolf has released a statement alleging that her arrest was a direct attempt by New York police to silence her after she attempted to inform protesters outside a New York awards banquet of their rights.

Greece is on the verge of a total meltdown with the country struggling to come to terms with 48 hour general strike.

Greece will receive the next batch of bailout loans in time to avoid a disastrous default, the finance minister said on Tuesday.

Britain's FTSE 100 index opened sharply higher Tuesday, tracking strong gains in Wall Street and in Asia, as European investors are becoming increasingly hopeful that euro zone officials will find a way to stem Greece's debt crisis.

Eurozone leaders will meet in Brussels today to discuss a deal to save both the Euro and the Greek economy

The leaders of Germany and France have agreed that private creditors should participate in a new rescue programme for Greece by voluntarily agreeing to roll over their holdings of Greek government bonds.

There is a growing fear in Paris that France is on the verge of a credit downgrade because of its exposure to Greek debt