The European Union Wednesday accused its major powers of running away from bulging government deficits, as Greece said it could still seek IMF help if European backing did not ease its debt crisis. Germany meanwhile warned that repeat eurozone offenders deserved expulsion from the bloc. EU budgetary watchdogs attacked overly "optimistic" growth assumptions masking bloated national budgets, with Britain firmly ...

Europe took a hard line with EU members over soaring government debt levels on Wednesday, while Germany upped the pressure by saying rule-breakers should be kicked out of the eurozone. The European Commission attacked overly "optimistic" growth assumptions masking bloated national budgets, with Britain firmly in the firing line over "uncertainty" in its spending plans. Forecasts and commitments given by ...

BRUSSELS (Reuters) - EU finance ministers backed plans on Tuesday by countries in the euro area to help debt-stricken Greece financially if it becomes the first state in 11 years of monetary union to seek such aid. "It will be decided by the European Council (of EU leaders) when the time comes, if and when Greece were to ask," Spanish Economy ...