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Two years ago, the prospect of a state falling out of the single currency area was unthinkable. But as the Greek electorate turns against austerity, it is becoming all too easy to picture how breakup might happen.
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CAMP DAVID: US President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk of global contagion.
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David Cameron has said there will be no retreat on deficit reduction - and that he was right to speculate publicly about the break up of the euro.
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(Reuters) - Several Federal Reserve policymakers last month thought they may need to do more to help the recovery if it stumbles, but there was almost no support for extending the central bank's "Operation Twist" program, due to end in June.
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The UK's trade deficit narrowed in March, driven in particular by stronger exports to the US, China and Russia, official figures have shown.
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Recent News
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| 21 May, 2012 | 05:09 | |
| China's premier calls for efforts to spur growth | |
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| 19 May, 2012 | 06:50 | |
| Greek banks strain for cash | |
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| 15 May, 2012 | 06:44 | |
| Europe woes grip investors again | |
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| 13 May, 2012 | 06:16 | |
| China's central bank eases | |
| 0 | 18 |
| 12 May, 2012 | 07:00 | |
| European stocks stage late rally on US data | |