Its membership in the euro currency union hanging in the balance, Greece continues to receive billions of euros in emergency assistance from a so-called troika of lenders overseeing its bailout. But almost none of the money is going to the Greek government to pay for vital public services. Instead, it is flowing directly back into the troika&rsquo;s pockets.

Most aid to Athens rolls back to European lenders

Business Standard

After Greek elections eased fears that the country&rsquo;s exit from the Euro zone was imminent, attention turned Monday to an even bigger challenge: restoring the economic body to health with Greece still in it.

Europe returns to fiscal rescue

The head of the European Central Bank and other Euro zone leaders worked on Saturday on a grand vision for the Euro zone meant to reassure investors and allies that flaws in the currency union will be addressed quickly.

Euro leaders out to win investors, allies

An organisation that serves as an umbrella for the world&rsquo;s largest central banks joined a growing list of institutions and leaders, pushing euro zone countries Sunday to insure bank deposits and take other measures to prevent a banking collapse so that the European debt crisis does not undermine the global economy.

Bankers call for wider measures to stem crisis

In a closely watched display of its firepower, the European Central Bank (ECB) on Wednesday issued to euro zone banks another massive round of the cheap, three-year loans that have helped avert a banking crisis but have not yet revived lending to business and households.

European banks flock to second round of cheap loans

The German economy probably avoided falling into recession in the first quarter of this year, according to a survey of business sentiment published Monday that helped ease pessimism about prospects for the rest of Europe.

Survey shows slight Q1 growth in Germany

European leaders sought to limit damage from a ratings agency&rsquo;s downgrade of nine countries on Friday, or even turn the news to their advantage, saying that it showed the need to impose more austerity or else do more to stimulate growth.

Jack Ewing