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Greece heads for the wire again

BRUSSELS — Greece is back in the epicenter of the euro crisis. The country where it all began risks going bankrupt next week unless its fractious politicians approve a new round of painful budget cuts and labor reforms in time to persuade international creditors to free up $40 billion in bailout money.

German jobless rate grows for first time in 3 years

In a meeting with German officials Tuesday, French finance minister Pierre Moscovici called for euro zone countries to being pooling their debt.

EU’s newest battle tests unity

BRUSSELS — As if European Union leaders didn't have enough headaches from the perilous state of their national budgets, they are now poised to further strain the EU's fragile unity with a battle over the bloc's own finances. Britain's prime minister is brandishing a veto, Germany's chancellor is threatening to walk out and Poland's premier is blasting his partners as "hypocrites." And that's before the talks have even started.

EU goes back to bland

  BRUSSELS — After three years of last-gasp, make-or-break crisis meetings to save the euro, it's perhaps a positive sign that the latest European summit was so dull. Leaders of the 27 European Union countries wrangled into the small hours of Friday morning over the minutiae of a plan to tighten supervision of Europe's banks, finally stitching together a deal at around 3 a.m.

IMF warns over euro crisis as Greece gives Merkel hot welcome

BRUSSELS — Hours after the IMF appealed to Europe to get its act together or drag down the world economy, European Union countries wrangled Tuesday over calls for a financial transaction tax and an EU banking union in a spat that underscored divisions over their response to the euro zone crisis.

Angela Merkel in Athens: German chancellor greeted by protests during Greece visit (VIDEO)

Chancellor Merkel is in Greece for the first time in five years, on a trip that is designed to show Germany's support for its struggling euro zone neighbor.

Chatter: Ms Merkel goes to Athens

Protesters await the German chancellor's arrival in Greece, Mexico claims a major victory in its war on drugs, and some loon prepares to show us what happens to the human body when it plummets to earth from space.
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Graphic. (Antler Agency/GlobalPost)
Protesters await the German chancellor's arrival in Greece, Mexico claims a major victory in its war on drugs, and some loon prepares to show us what happens to the human body when it plummets to earth from space.
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Euro zone launches rescue fund

BRUSSELS — Euro zone finance ministers activated a $650 billion firewall fund Monday, then promptly concurred that the country seen as the mostly likely candidate for a rescue didn't need the bailout money.

Embattled Greeks lash out at migrants

ATHENS — Hundreds of thousands of migrants have crossed into Greece only to find themselves stranded by a dismal intersection of two unfolding crises. Brought to its knees by half a decade of catastrophic economic decline and political upheaval, Greece's role as prime destination for migrants seeking to enter the European Union is fuelling a wave of racism and violence.

Euro zone unemployment hits record high of 11.4 percent

In the past year, the rate of unemployment has increased in 20 euro zone countries and decreased in six.
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