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Pope Francis backs Greeks in euro crisis, says human dignity vital

Pope Francis backs Greeks in euro crisis, says human dignity vital

 Pope Francis on Wednesday voiced his support for the Greek people and called for human dignity to be placed at the centre of talks on the country`s future in the eurozone.

Eurozone business activity highest for four years: Markit survey

Eurozone business activity hit a near four-year high in March as the 19-country currency area`s modest economic activity continued despite concerns over the Greek debt crisis, a key survey said Tuesday.

IBM signs $1.25 billion WPP cloud deal and says more coming

Bart Van den Daele, IBM`s general manager for strategic outsourcing in Europe, said big contract signings slowed in the depths of the euro crisis but that the region`s customers are ready to play catch-up.

Euro crisis firms German power, 25 years after Berlin Wall

Fast forward to Athens in 2012, at the height of the eurozone crisis, and that domination appeared to have come to pass.

Stock market plunge an 'over-reaction': IMF's Lagarde

International Monetary Fund chief Christine Lagarde said Friday the plunge in global stock exchanges this week was due to a market "over-reaction".

EU confident Cyprus will overcome euro crisis

Cyprus is on the road to recovery from its bailout crisis, the European Council president said Tuesday during a first top-level EU visit since the island`s near economic meltdown.

Euro leaders might soon release second cache of Greece funds

The commission said it expected a final agreement in the coming days.

ECB's bond-buying not to have much impact on India: FinMin

Amid fears of a spurt in international commodity prices expressed by experts due to European Central Bank's plan to sovereign bonds, a Finance Ministry official today said the move is not going to have "much impact" on India in the immediate run.

ECB to announce bond buying plan today

All eyes are on European Central Bank (ECB) chief Mario Draghi to back up his promise on July 26 to do "whatever it takes" to preserve the euro, when he speaks after the Governing Council meets on Thursday, a news wire has reported.

Spain's policy will create jobs: Germany

The head of German diplomacy said he was "absolutely convinced" that Spain will overcome its present difficulties and will again take advantage of the "competitiveness" that many of its companies have.

Too much banking and credit led to problems in Europe: Study

A big takeaway for India from the European debt crisis is that too much of banking and credit can result in lower growth and create problems, according to a study.

European shares lose steam as debt fears trump Greek hopes

Buoyed by Greek election results, that have at least dispelled concerns of the country exiting euro currency union, Asian and European stocks climbed as much as two percent earlier in the day.

Govt, regulators working on contingency plan on euro crisis

Government, along with major financial regulators like Reserve Bank and SEBI, is working on a contingency plan to insulate Indian economy from the worsening eurozone crisis, RBI Deputy Governor K C Chakraborty said Thursday.

Italy does not need EU help: Monti

Italian Prime Minister Mario Monti has denied that his country requires any bailout from its European partners.

Make up or eurozone is facing a break up, warns UK’s David Cameron

British Prime Minister David Cameron Thursday called upon the 17-country Eurozone to sort out its currency crisis, warning it is "to make-up or it is looking at a potential break-up."

Large economies need to join hands with EMEs to overcome probs

Large economies of Europe that are struggling to save the euro-zone and others like Japan which are struggling with political and economic crises, will have to join hands with fast developing countries such as India and China to overcome their troubles, say experts.

Euro on brink of collapse: IMF

The crisis-hit euro is teetering on the brink of collapse, the International Monetary Fund (IMF) has said.

High oil prices: Troubled euro zone states most at risk

Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.

European debt crisis to keep Indian markets volatile: Survey

However, the Indian market has been less affected by the European turmoil, compared to other major stock indices worldwide, it noted.

Schaeuble says no initiative to weaken Basel III

The Financial Times reported that France and Germany would propose amending capital rules to ease the situation for banks which own insurance companies.