Cyprus's finance minister has resigned after concluding a €10-billion bailout deal with international lenders.
As the country tries to form a government, the region's leaders are again sniping at each other.
In the heart of Greece's most fertile plain, locals have come up with a novel way of dealing with austerity.
Greece's international lenders have agreed to give the country two more years to make the cuts demanded of it.
The economic week ahead will blow in with a massive storm in the US - the world's largest economy - and end with vehicle sales figures here in SA.
The dismal failure of Europe's monetary union means it should be abandoned to save countries.
Age-old tensions have resurfaces as the country buckles under harsh austerity measures.
Spain has crept closer to a bailout as the government leaked plans to cut pension spending.
European events are likely to set the tone for global markets this week as speculation mounts that Spain may request a formal bailout from neighbours.
Angela Merkel says Germany has sent a powerful message to the rest of Europe and beyond after its decision on the creation of a rescue fund.
A rise in Spanish unemployment has added to the woes of PM Mariano Rajoy as he tried to fight off a bailout of the eurozone's fourth largest economy.
Tough-dealing Finland, not Greece, could be the first member to quit the monetary union, writes Josephine Moulds.
Inspectors have released a damning progress report amid darkening outlook for Spain. Larry Elliott, Jill Treanor and Giles Tremlett report.
Europe will grant Spain an extra year to reach its deficit targets after it outlines further budget savings to finance ministers meeting in Brussels.
Not joining the union has paid off for the Swiss, although tough times are ahead for them too, writes Lisa Steyn.
Prime Minister Antonis Samaras must face an audit by Greece's creditors and may be tempted to change rescue terms in line with what was offered Spain.
Investment remains on hold as the outlook for the global economy worsens and national debt rises, writes Phillip Inman and Larry Elliott.
European finance officials are working on urgent measures to ease financial market pressure on Spain and Italy, which are too big to bail out.
Reports ahead of last weekend said that major central banks across the world were ready to make money available to banks to keep global finance going.
Germany's Angela Merkel is poised to remove opposition to direct lending by rescue fund in a move seen as a step towards sharing the debt burden.