The euro and growth-linked currencies fell on Monday as investors unwound risky trades amid growing worries about eurozone's debt problems, dismissing assurances from European finance ministers at the weekend.
Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.
Following are comments by finance ministers and other officials after a meeting of the Group of Seven industrialized nations, focused on the euro zone's budget crisis, bank regulation and economic recovery.
Facing the most severe economic strains since its birth 11 years ago, the euro zone looks likely to hold together for now but the exit of some of its weaker members cannot be ruled out in the long term.
European policymakers scrambled on Friday to reassure markets on the stability of their 16-nation currency bloc as investors shed euro assets for a second day on fears about debt-laden member states like Greece and Portugal.
The euro and the stocks and bonds of debt-laden members of the currency bloc fell for a second straight day on Friday as fears over Portugal and other European sovereigns spread, pushing investors into safe havens.
It is vital that Greece meets its stated goals for cutting its budget deficit and steps announced by the government this week are encouraging, European Central Bank President Jean-Claude Trichet said on Thursday.
U.S. stock markets fell in early trading on Thursday, tracking Asian and European markets as worries over European sovereign debt intensified and concerns arose after a disappointing U.S. unemployment claims report was released this morning.
The euro hit a seven-month low against the dollar on Thursday as concerns intensified that Greece's fiscal problems would spread to other highly-indebted euro zone countries, while European stocks followed Asia lower.
The IT industry should see moderate growth of nearly 5 percent according to a new report.
Europe's leading economies showed no sign on Friday of adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts but vowed to press on with their own ideas to target the sector. The president of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said Obama was right to propose the plan, which foresees Wall Street banks paying up to $117 b...
The U.S. idea of recouping the costs of the financial bailout by taxing banks is the right one, the chairman of euro zone finance ministers said on Friday, but it would be difficult to copy in the European Union.
German Chancellor Angela Merkel dismissed market rumors on Friday that she was to resign, saying the speculation was absurd.
Greece launched an ambitious three-year plan to slash its huge budget deficit on Thursday but failed to convince financial markets it can deliver on the cuts and put a swift end to its fiscal crisis.
The European Central Bank chief is cautious about the prospect of European and worldwide economic recovery while the Philadelphia Fed Bank President is more optimistic about the US economy.
The European Central Bank kept benchmark interest rates unchanged at a record low of 1.0 percent on Thursday with the ECB expected to remain in a holding pattern given uneven growth and low inflation.
Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.
The European Commission is likely to launch infringement proceedings against Greece for failing to provide reliable statistics on its budget deficit and debt, an EU source with knowledge of the proceedings said on Tuesday.
The European Union should not impose border tariffs on goods from countries that fail to cut back their climate-damaging emissions, the EU's trade commissioner-designate said Tuesday.
EU officials arrived in Greece on Wednesday for an inspection visit, hours after ECB Executive Board member Juergen Stark was quoted as saying the bloc would not bail out Greece if its debt problem worsened.
The European Union would not help bail out Greece if that country's public debt problem continued to worsen, European Central Bank Executive Board member Juergen Stark was reported as saying on Wednesday.
Spain played it safe as it unveiled an artwork to represent its European Union presidency on Tuesday, avoiding the controversy of a year ago when the Czech Republic managed to offend most of the EU.
