Greece worse off staying in euro, says Ifo

Greece's ability to recover competitive economic standing will be severely constrained if it continues to use the euro, and other indebted eurozone countries will likely face similar struggles, the head of Germany's prominent.

Germany sees upswing amid eurozone turmoil

FRANKFURT, Germany (AP) — A key index of business optimism on Friday reinforced what an increasing number of economists are saying: Germany is beginning to see an upswing — even as the rest of the 17-country eurozone struggles with economic and financial turmoil over too much debt.

Economists: Sluggish recovery here to stay

NEW YORK (CNNMoney) -- The recovery is still chugging along at a sluggish pace, and unfortunately, it looks like it may stay that way for a while.

IMF Gets $320 Billion in New Pledges to Raise Resources

International Monetary Fund Managing Director Christine Lagarde said she expects more contributions after landing pledges of about $320 billion in her campaign for bigger reserves to combat threats to global growth.

Britain faces £50bn more spending cuts and tax rises to cover elderly care, warns IMF

Britain faces another £50bn of spending cuts and tax rises to cover the costs of age-related care and put the national debt under control, the International Monetary Fund has warned.