Eurozone Debt Crisis

CP

Greek Drama Drives TSX Down 300 Points

TORONTO - The Toronto Stock Exchange tumbled more than 300 points, joining a global retreat on equity markets sparked by the Greek debt crisis and fears over its possible effects on the euro and world...
AP

Eurozone Economy Actually Grows

MADRID - Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: It's hiring.The company, which sells bookings as it helps...
Shutterstock

IT'S A DEAL

BRUSSELS - European leaders took a step toward creating a single supervisor for banks in countries that use the euro on Friday but refused to pin down a start date.Although the leaders meeting in Brus...
CP

Jim Flaherty Just Won't Let Up On Europe

OTTAWA - Finance Minister Jim Flaherty is urging European leaders to agree quickly on a plan to begin the process of rescuing the common market and preventing a major global crisis.As European leaders...
CP

When In Rome, Push For Consensus

ROME - The leaders of France, Germany, Italy and Spain have agreed to push for a growth package worth up to €130 billion ($163 billion) at a European Union summit next week that's intended to kick-sta...
AP

Is Italy Next?

MILAN - Official statistics confirm that Italy's economy contracted by a quarterly rate of 0.8 per cent in the first three months of the year, the worst contraction in three years.The painful recessio...
Alamy

The $100-Billion Bailout?

STOCKHOLM - Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout pack...
AP

Eurozone Unemployment At Record High

BRUSSELS - Unemployment across the 17 countries that use the euro stayed at 11 per cent in April — the highest level since the single currency was introduced back in 1999, piling further pressure on t...
CP

Why Europe Is Falling Apart

Claudio Giudici pilots his Toyota Prius through the congested streets of Florence, his exasperation showing as he explains for the third time why open markets and competition are bad things for Italy....