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401. EU Parliament Backs Eurobonds, Defying Germany
The European Parliament backed a temporary debt mutualization scheme Wednesday, despite German scepticism, while European Commission President Jose Manuel Barroso complained about a lack of "urgency" in resolving the eurozone crisis.
402. Eurozone Industrial Production Down 0.8 Percent in April
Industrial production in the eurozone scored a monthly fall of 0.8 per cent in April, the European Union statistical office said Wednesday.
403. Merkel Holds Firm on Greek Austerity Ahead of Poll
German Chancellor Angela Merkel defended Tuesday the austerity imposed on Athens, five days before Greece's general election, as necessary to set an example to the entire eurozone.
404. Spain, Italy Worries Take Center Stage on Nervous Markets
A renewed sense of nervousness emerged across European markets Tuesday as the European Commission admitted that it has been asked to advise on contingency plans to deal with a possible Greek exit from the euro.
405. EU Admits to 'Scenarios' for Greek Euro Exit
The European Union's executive admitted Tuesday it had been asked to provide legal advice for contingency plans on a Greek exit from the euro -- while insisting that it was not itself involved in the plans.
406. Obama Urges Bold Action to Check Eurozone Crisis
In a hastily arranged White House press conference on Friday, U.S. President Barack Obama pressed for a bigger role of government in curbing the simmering eurozone debt crisis and boost the anemic growth on both sides of the Atlantic Ocean.
407. Bernanke Warns Eurozone Debt Crisis, Fiscal Cliff
U.S. Federal Reserve Chairman Ben Bernanke on Thursday warned that the escalating eurozone debt crisis and the looming U.S. fiscal cliff had posed significant risks to U.S. economic recovery, but gave no explicit hint of massive monetary steps to strengthen the tepid growth.
408. Spain Hampered by Rigid Labor Laws
Banks' problems are losses in a real estate crash, but Spain's job woes are due largely to labor laws that protect older workers at the expense of younger ones, business experts say. Things won't change until Spain fixes the problem, they say.
409. EU Uncertain if Loan Will Worsen Spain's Deficit
The European Union said Monday it was unsure whether the eurozone loan of up to 100 billion euros ($125 billion) to Spain would worsen the country's deficit numbers.
410. German Central Bank Raises Growth Outlook
Germany's central bank Friday raised its growth outlook for Europe's biggest economy, despite the eurozone's ongoing debt crisis.
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