Fri, 08 Jun 2012 6:30a.m.
Merkel has called for Europe to take a gradual path towards political union, frustrating the appeals of many of her colleagues for quick, bold moves to fight the continent's raging financial crisis.
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Switzerland will soon have to be more open about the bank details of foreigners after the European Commission changes its rules.
The eurozone is in a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.
Italian President Giorgio Napolitano says lawmakers did not respond adequately to the country's economic crisis.
The European car industry has fallen victim to the region's widening recession and soaring unemployment.
Banks in Cyprus are preparing to open for the first time in more than a week, but people will be prevented from draining their accounts.
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