In landmark for EU, Ireland leaves its bailout behind

Three years after going cap in hand to international lenders, Ireland has officially ended its bailout, providing a landmark for the euro zone`s efforts to resolve its debt crisis.

USD 13 billion rescue package for Cyprus

The euro zone finance ministers on Saturday reached a deal on a 10 billion-euro (13 billion dollars) financial rescue package for debt-stricken Cyprus to avert a bankruptcy.

Euro zone needs single govt: Cameron

British Prime Minister David Cameron is reported to have advocated a single government for the euro zone if it has to be successful and work properly.

Intrigue, betrayal in Rome as Berlusconi fights on

Italy is the third biggest economy in the euro zone and its political woes and debt worries are seen as a huge threat.

Greek PM wins cabinet backing on referendum

The Greek government said the referendum would take place as soon as possible on a European Union debt bailout deal.

Violence erupts as 2-day strike shuts down Greece

Greek unions began a 48-hour general strike on Wednesday, the biggest protest in years.

Euro zone deficits must be cut from 2011 latest: Trichet

Banks must provide sufficient credit and governments in the euro zone must reign in public finances to support a global economic recovery in 2010, the president of the European Central Bank (EBC) said on Sunday.