Before the Spanish economic crisis hit, Mercedes Gonzalez and her family lived comfortably, she working in a shoe shop and her husband and second son...

Global central bankers had colluded last week to reset monetary policy to meet the threat of recession and deflation. European Central Bank had cut...

Spain’s Prime Minister Mariano Rajoy on Wednesday announced a 65 billion euro ($80 billion) austerity package to avert financial collapse as angry...

Spain's borrowing costs rose to dangerously high levels on Monday as finance ministers of the 17 countries that use the euro began to gather in...

New Greek Prime Minister Antonis Samaras began talks with EU-IMF auditors on Thursday, hoping to renegotiate Greece's second bailout as the country's...

With the European Union facing its biggest crisis in 60 years, Brussels has proposed taking 'a big leap forward' to save the troubled bloc by setting...

The European Commission [EU] on Wednesday dubbed an idea to use eurozone rescue funding to lower high borrowing costs for Spain and Italy via a bond...

India may not be called upon to inject $10 billion [Rs 55,000 crore] into the IMF bailout fund to help the debt-wracked eurozone tide over its...

India has announced a USD 10 billion contribution to the International Monetary Fund’s additional USD 430 billion financial firewall to help the...

Fears of a full-scale bailout for Spain mounted on Tuesday as its borrowing costs spiked to danger levels on concern over the nation’s stricken banks...

India's economic woes have not gone out of hand in the wake of the slip in the GDP growth – the lowest in nearly 9 years – but there could be trouble...

Greek conservative leader Antonis Samaras will launch coalition talks on Monday after coming first in national elections that follow weeks of...