Media mogul Silvio Berlusconi is promising Italians if they vote him back into office that he will not only abolish an unpopular tax on primary residences, but refund property taxes Premier Mario Monti's government made them pay in 2012.

Europe’s powerhouse Germany will likely lose further momentum at year-end as its economy is now feeling the affects of the eurozone debt crisis and a global slowdown, the Bundesbank said yesterday.

The eurozone debt crisis is taking its toll on Germany, Europe's largest economy.

The ECB’s ambitious plan to restore stability to the eurozone could greatly reduce the cost of borrowing for Ireland when it exits the EU/IMF bailout programme at the end of next year.

The European Central Bank is expected to unveil new measures aimed at tackling the Eurozone debt crisis following its monthly meeting today.

Although the credit rating agencies have serious questions to answer about their role in the global economic and financial crisis that is now around five years old, their utterances still attract a lot of interest and are still very influential.

Sterling is heading for fresh falls in coming weeks as worries about a deepening recession in the UK, highlighted by the Bank of England, keep expectations of further monetary easing intact.

The Eurozone debt crisis is again causing volatility on global stock markets today with mounting concerns over Spain.

The eurozone debt crisis has flared dangerously once again.

A further £50bn (€62.2bn) was injected into the British economy today as the UK struggles to pull out of its double-dip recession and the eurozone debt crisis intensifies.

The adoption of a new EU farm budget may slip back by a year and could mean postponing a possible reduction to the €55bn annual farm subsidy plan, Italy’s farm minister Mario Catania said.

The International Monetary Fund yesterday urged Europe to help Ireland refinance its crippling bank bailout and consider taking equity in state-owned banks to help Dublin return to bond markets and avoid a second bailout next year.

European finance ministers promised last night to respond "speedily" to the eurozone debt crisis after Spain pleaded for help to prop up its struggling banking system and avoid a bailout.

The euro has fallen to its lowest point since January, as markets are hit by mounting concerns over the Eurozone debt crisis and the potential exit of Greece.

Bailed-out British banks Royal Bank of Scotland and Lloyds will this week fuel fears that it will take years for taxpayers to get their money back.

Germany’s Deutsche Bank saw net profit fall 69% to €186m in the fourth quarter as the eurozone debt crisis hit its businesses in investment banking and trading stocks and bonds.

There are encouraging signs of an appetite for Irish country house, writes Michael H Daniels

European Central Bank president Mario Draghi says there is "no external saviour" for heavily indebted governments in the eurozone debt crisis and gave no sign the bank is ready to step in and support their finances.

Markets took another hammering today as concerns grow that the measures agreed at last week's EU summit to tackle the Eurozone debt crisis may have little effect.

The European Council president has stated that a resolution to the eurozone debt crisis can be achieved without changing EU treaties.

European stock markets have closed with mixed results this evening, as the US Treasury Secretary Timothy Geithner visits the Eurozone ahead of the Summit of EU Leaders this Friday.

The eurozone debt crisis has deepened as Germany, France and 13 other members of the single currency faced having their credit ratings downgraded.

German Chancellor Angela Merkel will deliver a key speech to Germany's Bundestag parliament today as efforts continue to resolve the eurozone debt crisis.

Britain is on the brink of a modest recession that will be followed by months of stunted growth, a bleak forecast from the OECD said today.

The Bank of England warned today that the eurozone debt crisis is the “single biggest risk” to the UK recovery as it forecast a dramatically increased threat of a double-dip recession next year.

Investors fled from the markets today as Italy’s borrowing costs surged into “bailout territory” and thrust the country into the heart of the eurozone debt crisis.

The Stock Exchanges in Dublin and London have fallen slightly this morning since they opened at 8am.

European leaders are said to be edging closer to an agreement on how to tackle the eurozone debt crisis at an emergency summit towards agreeing a package of measures.

Hopes are fading that a plan to fix the eurozone debt crisis will emerge from today's emergency EU summit.

Two key meetings aimed at resolving the Eurozone debt crisis have been cancelled.

Hopes that politicians will make further progress tackling the eurozone debt crisis this week saw world markets make cautious gains today.

IMF chief Christine Lagarde says European leaders have made "very good progress" on plans to resolve the eurozone debt crisis.

European leaders meet in Brussels today in a bid to reach agreement on a solution to the Eurozone debt crisis.

UK investors lost confidence in the prospect of a speedy resolution to the eurozone debt crisis today, causing London's leading share index to drop into the red.

The Taoiseach is to hold a special meeting with the president of the European Commission Jose Manuel Barroso on Thursday to discuss the Eurozone debt crisis.

AN “expert” financial trader in London who caused a storm of outrage by suggesting that world leaders cannot do anything to prevent a global market collapse, has no car and lives in a €230,000 home owned by his girlfriend.

Government Minister Brian Hayes has said other European countries need to follow Ireland's lead and sort out their banks.

Political fighting is hampering efforts to restore the battered financial sector, the International Monetary Fund (IMF) warned today, as it estimated the eurozone debt crisis puts banks in danger of losing up to €300bn.

Fears of a double-dip recession were fuelled today as the International Monetary Fund (IMF) slashed the UK’s growth forecast and warned the global economy is in a “dangerous new phase”.

The European Central Bank has confirmed it spent a record amount buying up bonds last week in an effort to ease concern about the Eurozone debt crisis.

There was no quick response, as an economic problem became political

Shares in Britain’s banks fell by as much as 5% today amid increasing fears that the eurozone debt crisis could spread to Italy or even Spain.

THE number of Irish firms intending to increase their staff levels in the next three months doubled in the second quarter of the year, according to employers’ representative body IBEC.