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Lithuania becomes 19th Eurozone member

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(Vilnius) - The euro entered circulation in Lithuania bringing the number of the European Union (EU) member states using the single European currency to 19, the European Central Bank (ECB) announced. "On behalf of the Governing Council…
Eurozone,IMF Agree on New Deal

Eurozone,IMF Agree on New Deal

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(Brussels) - Eurozone finance ministers struck a new deal with the IMF to slice more than 40 billion euros ($52 billion) off Greece's massive debt burden by 2020; in turn freeing up long-blocked loans. "The decision will certainly reduce the…
Germany, Italy vow to protect Eurozone

Germany, Italy vow to protect Eurozone

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(Berlin) - German and Italian leaders have pledged to do everything to protect the eurozone, the German government said further underlining European politicians’ determination to get a grip on the continent’s debt crisis, but again offering…