Angela Merkel: Pastor`s daughter to world`s most powerful woman

German Chancellor Angela Merkel, a pastor`s daughter who grew up under communism, rose to become the world`s most powerful woman, governing Europe`s biggest economy and setting the political tone on the continent.

Eurozone crisis takes toll on development aid

It’s no secret that development aid from the world’s richest countries is ebbing.

Angela Merkel expresses support for Greece

German Chancellor Angela Merkel, during her first visit to Greece since the eurozone debt crisis erupted three years ago, pledged her support.

Obama calls Italian PM on Eurozone crisis

US President Barack Obama on Wednesday spoke with Italian Prime Minister Mario Monti on Eurozone crisis.

UK: Cameron urges action to resolve euro crisis

British Prime Minister David Cameron urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up."

Violence offers glimpse of Greece`s reform challenge

Greeks swept rocks and broken glass from the streets of Athens on Monday after a night of violence.

Sarkozy, Merkel to meet Monday on Europe proposals

Nicolas Sarkozy and Angela Merkel will meet in Paris on Monday to unveil proposals that he said will "guarantee the future of Europe."

The eurozone’s self-inflicted killer

In granting the EFSF the all-important triple-A rating, the rating agencies were somewhat cautious. They weren’t willing to assume, as they did with subprime mortgages, that any subset of debt guarantees—no matter how small—made by countries that weren’t themselves triple-A rated would be worthy of the gold-plated standard.

Time running out for EU to halt debt crisis

Doubts are running high that Europe`s politicians can deliver a rescue program to stop its sovereign debt crisis.