The Bank of England revised down its growth forecast for 2012 to virtually zero last week, reinforcing the raft of weak economic data released recently. The UK economy has now contracted in 5 out of the last 7 quarters and net growth since the end of the recession in 2009 has been negligible.
Countries which lost competitiveness during the first decade of the Economic and Monetary Union (EMU) will need to return to sustainable growth through improvements in competitiveness rather than cheap credit. This will take time but will be necessary for the long-term survival of EMU.
In June, a pro-euro Greek government was sworn in, pledging to bring the country's public finances back on track to avoid a 'disorderly' default and eventual Greek euro exit ('Grexit').
The world may be sleepwalking into a third financial crisis and it is not far away. Within the last five years, we have witnessed two global financial crises in banking and in the Eurozone.
Brian Spencer takes another look at youth unemployment, this time considering the psychological ills that joblessness brings to young people. Thin...
Despite the economic downturn in the region, the political consequences and the incidence of social unrest in eastern Europe has been remarkably limited so far.
If the situation in the eurozone deteriorates further as the Italian general election gets nearer, there is a high risk of severe financial market turmoil that could push Italy back to that brink of financial and economic collapse where it found itself last November.
France's new president, François Hollande, has a strong political mandate, but very little room for manoeuvre.
Being part of the EU is central to how we in the UK create jobs, expand trade and protect our interests around the world. It allows us to be in a single market of some 500 million people, with a combined GDP of £11trillion (Euros), in which we can trade, travel and work freely.
Britain is happy to live with the hard work which freedom will entail. We are prepared for the future, but to do so we must be captain on our own bridge.
It is hard to know what, if any advice, Cameron gets on European political affairs as he seems out of touch and out of his depth, in a manner not seen since John Major, in dealing with continental politics.
Headlines around the Euro crisis have resurfaced with a vengeance in recent weeks. The uncertainty surrounding the future of the Euro is taking its toll on financial stability and the markets.
It will only be once the eurozone is stabilised and working reasonably effectively, that it will it be possible for people to give time to working out the shape of a new European Union.
There is one figure in a poll conducted this week by YouGov-Germany that could turn David Cameron green with envy.
Angela Merkel rushed off from this week's EU Summit without commenting on the deal done to shore up the financial system. Hardly surprising - other EU leaders like Ireland's Enda Kenny have described this as a "seismic shift" in policy - and we all know who he was talking about - the German leader.
In the past two weeks, Spain and Cyprus have formally applied for eurozone rescue packages. Each case is a lesson for the eurozone and offers some indications of what the outcomes of the EU summit on June 28-29 should be.