Amid protests against immigration in Germany, Islamophobia and anti-immigration sentiment could rise in Europe, following the attack on Charlie Hebdo.
Europe has divided in a historic rift with a majority of countries led by Germany and France moving ahead with a treaty, leaving Britain isolated.
Since the inception of the euro, France and Germany have pursued divergent visions of European economic and monetary union.
Germany and France have issued Greece with an ultimatum that will see it receive no more aid until it decides on whether it will stay in the eurozone.
The exit of Juergen Stark could hardly have come at a worse time for euro zone policymakers as they grope for a way out of their financial crisis.
The noose is tightening around Libyan leader Muammar Gaddafi and his family after his foreign minister and another top diplomat defected.
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/ 26 January 2011
Global business leaders pinned their hopes on roaring growth in emerging markets at the start of the annual Davos forum on Wednesday.
President Nicolas Sarkozy on Tuesday denied allegations that his party had received illegal campaign donations in cash from France’s richest woman.
Sasol was among nine companies fined a total of €676-million by the European Commission for forming a ”paraffin mafia” to fix prices.
Georgia accused Russia of breaking a shaky ceasefire in their six-day-old conflict on Wednesday, a charge strongly denied by Moscow.