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Newsday's coverage

• A look at economic developments around the globe

  A look at economic developments and activity in major stock markets around the world Friday:___MADRID -- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for $23.8 billion in financial support.___ ATHENS , Greece   Read more »

• Editorial: Euro austerity won't stir growth

  With Europe sliding ever deeper into fiscal quicksand, G-8 leaders met over the weekend and issued a statement emphasizing growth. It's a fine thing that leaders of some of the world's top economies, including those in Europe, are making the right noises   Read more »

• Europe faces difficult search for growth

  (AP) -- On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.Persistent polit   Read more »

• German police begin clearing Frankfurt Occupy camp

  (AP) -- Frankfurt police are preparing to clear a tent-camp of about 300 Occupy protesters from near the European Central Bank.Police spokesman Manfred Vonhausen said Wednesday the protesters have been told they need to leave after a court upheld a rulin   Read more »

• Friedman: Mulling a eurozone breakup

  It didn't take long after Greece's economic woes surfaced in 2009 for observers to contemplate a Greek exit from the eurozone. New York Times columnist Paul Krugman predicted this very scenario in 2010, 2011 and, most recently, on Sunday, when he warned   Read more »

Around the web

• Eurozone inflation falls to 2.4 percent in May

  European Central Bank head Mario Draghi says the EU needs to push its banks harder to clean up their finances. European Central Bank head Mario Draghi says Europe needs a centralized way of forcing its troubled banks to restructure and argued that recent cases 25 m ago from San Diego Local News 1 Read more »

• Eurozone inflation falls to 2.4 percent in May

  use the euro fell by more than anticipated during May — a development that may fuel market expectations that the European Central Bank will cut interest rates next week. Eurostat, the European Union's statistics office says Thursday that inflation in the year 26 m ago from FindLaw: AP News Read more »

• Deutsche Bank’s Ackermann Says Financial Markets Remain ’Muted’

  in client activity.” That program has been completed, Chief Financial Officer Stefan Krause said April 26. The European Central Bank flooded banks with more than 1 trillion euros in low-cost three-year loans in December and February to head off a credit crunch, 30 m ago from Bloomberg.com Read more »

• Euro zone inflation drops to 15-month low

  - Euro zone inflation eased by more than expected to its lowest level in more than a year in May, giving the European Central Bank a little more room to lower interest rates to help revive economic growth across the continent. Consumer price inflation in the 39 m ago from Reuters Mobile Read more »

• ECB's Draghi Calls For Banking Union

  Central Bank President Mario Draghi called on European politicians to come up with a vision for the euro zone for the years ahead to better tackle the region's debt crisis and to restore confidence, with greater centralization of financial sector regulation 41 m ago from FOX Business Read more »