Greece crisis: Eurogroup agrees to third bailout

Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone.

Greece, not EU, will drive recovery: Greece's central bank Governor

ATHENS: The governor of Greece's central bank insisted on Thursday that Athens and not European Union leaders will drive the country's recovery from a crisis that threatens its place in the eurozone.

Barack Obama tells EU: boost growth now or face a global crisis

Barack Obama is to put pressure on Germany to ease the pain of austerity with policies to boost growth, as he uses two days of talks with the G8 industrial nations to warn Europe that it needs to act swiftly to spare the world economy from a second deep recession in four years.