The euro-zone economy has just endured a sixth successive quarter of shrinking GDP. The malaise is spreading to core countries including Finland and the Netherlands, which both contracted in the first quarter.

What did German Defense Minister Thomas de Maiziere know about the Euro Hawk problems? And why did he choose to stop the project?

"After the Ifo data there is a bit of optimism that we might see some positive surprises in euro zone data going forward and that is giving the euro some support," said Arne Lohmann Rasmussen, head of FX research at Danske Bank. He expected the euro to ...

NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's debt is as collateral.

LONDON, May 24 (Reuters) - Bund futures rose slightly on Friday before the release of Germany's Ifo business climate index, which is likely to show by how much the euro zone economy lags the United States. Bund gains were limited, however, with markets ...

Canizares leads Euro PGA Championship; Westwood second. CBSSports.com wire reports. May 25, 2013 2:10 PM ET. VIRGINIA WATER, England -- Former world No.

The pound fell for a fourth week against the euro as reports showing retail sales unexpectedly declined in April and inflation slowed fueled speculation the Bank of England will expand monetary stimulus.

The euro crisis is a story of a breakdown in the mechanisms meant to manage national relations within the currency union. Its future hangs on how�and whether�these broken mechanisms can be refashioned.

Specifically, they say, more than six million unemployed, more than 2.3 billion euros of gross liabilities from the outside and a public debt of almost a billion euros, growing and already close to 100% of GDP, "are data defining an unmanageable mess, ...

The yen also rallied versus the euro and other currencies, further buoyed by a jump in 10-year Japanese government bonds yields, to 1.000 percent, the highest in a year.