Euro drops after Greek debt talks collapse

The euro fell Monday after talks between Greece and its international creditors collapsed, bringing the threat of a Greek exit from the eurozone closer than ever.

Italy police seize 50 mn euros in fake banknotes

Italy's financial police said on Thursday they had seized over one million fake 50 euro banknotes which were almost ready to be put into circulation, and arrested five people.

Greek move to elections hurts euro

Greece`s move to new parliamentary elections sent the euro to a fresh multi-year low against the dollar Monday, as worries spread of a possible poll victory by the leftist Syriza party.

Champions Spain fail Dutch test in 2014 FIFA World Cup

Defending champions Spain suffered the ignominy of losing their opening World Cup match for the second successive edition as a superb Holland outfit scored at will. The Group B opener at Arena Fonte Nova in Salvador on Friday witnessed Vicente del Bosque`s side conceding five goals to one.

Deportivo La Coruna return to La Liga

Deportivo La Coruna on Saturday defeated Jaen 1-0 in a Segunda division match to pave way for a return to the top-flight league, La Liga next season.

I do not expect Spain to win the World Cup again: Lehmann

Stating that Spain has been the biggest stumbling block for his country over the past few years, former German goalkeeping star Jens Lehmann said he "does not expect" the reigning world champions to make it two in a row in the upcoming FIFA World Cup.

Teens return 62,000 euros found on Norway train

Two Norwegian teens returned 467,200 kroner (some 62,000 euros, USD 81,500) they found left on a train by an elderly passenger, Norwegian media reported on Thursday.

Cyprus’ largest bank warns economy ‘on the brink’

Cyprus’ largest bank has warned that the Cypriot economy is ‘on the brink’ and immediately needs a liquidity lifeline from Europe.

Greek schools in danger of closure for lack of heating

Schools in northern Greece run the risk of being closed in the coming days because they haven`t enough money to pay for heating.

Britain to close borders if eurozone collapses

Cameron has vowed to do "whatever it takes" to protect Britain from a flow of migrants, the Daily Express reported.

Europe’s Sisyphean burden

In Greek mythology, Sisyphus was condemned to roll a boulder to the top of the hill, only to see it roll all the way down again. It looks as if the eurozone will be carrying its Sisyphean burden for a long time.

Eurozone crisis: What it means and how it affects world economy

While austerity is highly advocated for countries facing a financial crisis, the dilemma is that slowdown of spending would adversely affect growth rates which will also come down.

Euro tense as ECB tender fails to impress

The euro was on the defensive against the dollar on Thursday, having shed all the week`s gains as investors doubted a massive 489 billion euro tender by the European Central Bank would solve the EU debt crisis.

Euro zone debt deal tackles symptoms not cause

The complex agreement reached in Brussels in the early hours of Thursday lends credence to the view that the euro zone will somehow muddle through. But it is not the Grand Plan that optimists had hoped for: what was the 14th summit in less than two years to tackle the crisis will not be the last.

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.

‘With €500 in pocket, Osama was ready to flee’

Cash worth 500 euros & two phone numbers were found sewn into Osama`s clothing when he was killed.

Euro under PIGS threat

The crisis in Portugal, Ireland, Greece and Spain is now threatening the economic stability of the entire Europe.

Euro under PIGS threat

The crisis in Portugal, Ireland, Greece and Spain is now threatening the economic stability of the entire Europe.