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Juncker's EU investment plan risks disappointing

Two years after the eurozone debt crisis, the economy is flatlining and unemployment is high, while the lack of response by European Union leaders has again become a concern for the world.

Merkel urges EU to keep up reforms as crisis not over

German Chancellor Angela Merkel told parliament on Thursday that Europe must push ahead with efforts to cut public deficits and improve competitiveness because the euro zone debt crisis has not yet been overcome and its causes have not been eliminated.

France's economy minister slams German austerity measures

French Economy Minister Arnaud Montebourg on Saturday criticised German austerity measures and warned France would no longer "be pushed around" by the EU`s economic powerhouse.

Bank of England proclaims Britain`s economic recovery

Britain`s economic recovery "has finally taken hold", the Bank of England said on Wednesday as it upgraded its growth forecasts despite headwinds from the eurozone debt crisis.

EU fiscal pact on Budget discipline blocked in Germany

The fiscal pact, which was signed by 25 of the EU's 27 member nations in March, 2012, has been one of the key instruments at the disposal of the eurozone countries to deal with the debt crisis.

Eurozone slides back into second recession since 2009

Gross domestic product in the eurozone fell 0.1 percent in the three months through September, following a 0.2 percent drop in the second quarter.

'Crisis restricting small firms' access to credit'

The banking and debt crisis is increasingly restricting access to credit by the euro zone's small and mid-size firms, according to a study released Friday by the European Central Bank.

Italy within reach of economic recovery: Mario Monti

Italy has averted the worst case scenario of the debt crisis and economic recovery in the eurozone's third largest economy is within reach, Italian Prime Minister Mario Monti said.

'Deteriorating eurozone crisis may slow Chinese economy'

A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report.

German minister says no to Spain’s aid request

Asked about talk that Spain could soon make an application for the eurozone rescue fund to buy bonds, he replied, "There is nothing to this speculation."

India ranks 85th among most exposed markets to European crisis

India and other key emerging markets have been categorised as having high exposure to Europe's economic woes by a risk analysis firm, Maplecroft.

Opec crude oil production dips to 31.72mb/d in June

Crude oil production in Opec countries dipped by 30,000 barrels per day to 31.72 million b/d in June, according to a Platts survey.

No policy paralysis in UPA-II

The government on claimed the country would bounce back to eight percent growth rate this financial year and held there was no paralysis in the UPA II government as alleged by some sections.

Obama discusses Eurozone crisis with Italy PM

The President called on Monti who provided an update on economic developments in Europe, a White House statement said.

India to focus on infrastructure-led growth at G20

Manmohan Singh voiced concern over a deepening eurozone crisis impacting India.

PM leaves for G-20, Rio+20 summits

Singh will attend the seventh summit of the Group of 20 developed and developing countries(G-20) starting in the Mexican resort town of Los Cabos on June 18 and the Rio+20 Summit in Rio De Janeiro.

'Europe would be at centre of G-20 discussions'

The G-20 will look to maintain momentum on rebalancing demand.

European situation threat to US economic recovery: Obama

The simmering eurozone debt crisis posed a big threat to the US economic recovery, with the region facing the risk of a renewed recession, US President Barack Obama said on Friday.

G7 to hold emergency talks on eurozone crisis today

Finance ministers and central bank chiefs of the world’s seven wealthiest countries will hold an emergency conference call on Tuesday to discuss Europe’s worsening debt crisis.

Brent crude dips below $100 per barrel on weak US jobs report

Crude prices tumbled on Friday as weak US jobs report for May, weak manufacturing data from China, and a spiralling eurozone debt crisis deepened worries about global economic growth.