The latest ZEW index, which measures German business sentiment, fell unexpectedly in July compared with the previous month on the back of lower export figures and the continuing euro crisis.

The latest EU treaty is meant to stabilise the eurozone and ensure greater fiscal obedience but it can’t solve all ills, writes Europe Correspondent Ann Cahill

ATHENS is likely to form a new government today following the U-turn by the prime minister when he reversed his shock decision to hold a referendum on his country’s bailout package.

THE prospect of Greece leaving the eurozone is still on the table, despite an expected vote by the Athens parliament to accept the austerity measures attached to its second bailout loan.

PRIME Minister George Papandreou’s call for a referendum on the latest Greek bailout plan has blown a potentially fatal hole in the eurozone’s strategy to overcome its sovereign debt crisis.