Eurozone

Eurozone finance ministers agree to lend up to €100bn to clean up Spain's banking sector burdened by bad debts and property bubble burst.

Prime Minister David Cameron pledged to protect Britain's interest in the eurozone.

Moody's rating cut of German banks comes as a surprise to many analysts considering the resilience of the German banking system.

Spain's fate in the euro area would top the agenda of discussions at the G7 emergency conference call.

Political and financial officials seek clear vision and policy action from Europe's leaders to save the single currency.

Euro is treading in negative territory due to concerns of Greece crisis contagion.

Spanish banks downgraded by Moody's in view of the continued unemployment and recession.

Asian economies fear catastrophic fallout of a possible Greek exit from the EU.

World Bank President Robert Zoellick has been quoted as saying that the core question will be not Greece, but Spain and Italy.

World markets fall as Greece's euro exit looms large following failure of talks to form coalition government.

Banks across Europe could be harmed by crisis deepening or refusal to repay debts.

Spain's Indignados fill streets to march against austerity measures that have not brought any improvement to the country's economic situation.

After New Democracy and Syriza, the socialist Pasok becomes the third party to fail to form a coalition government.

Analysts consider the chances of third-placed Pasok slim and warn Greeks may have to vote again.

The wrangle over the Greece parliament continues as the leftist Syriza party, which is seen as the favourite to form the government, failed to stike a deal with the coalition partners.

Pasok and New Democracy parties failed to secure majority in the Greek parliamentary elections.

Voters are expected to reject the two main parties Pasok and New Democracy party.

All opinion polls give Francois Hollande a handsome victory.

The economic confidence in the eurozone fell more-than-expected in April, showing evidence of region’s recovery in the early part of this year is temporary and raising concerns that the economy is heading towards deepening recession.

The CBI says the manufacturing sector is actually doing well.

The April outlook for British Pound Sterling is expected to be resilient, mainly due to recent PMI data releases about services sector, construction and manufacturing of the UK economy and also struggling eurozone economy.

Bank of England asked the banks not to distribute huge amounts in bonuses because of the tight financial situation.

Finance ministers finally thrash out agreement to shore up Greece and bolster shaken currency market.

The prime minister, David Cameron, intends to “safeguard” the interests of Britain at the EU Summit which begins tomorrow but risks upsetting allies at home and abroad.

The mounting crisis that has gripped the Eurozone countries seems to have boosted China's ongoing efforts to secure a prominent diplomatic space among its western allies.