The Group of Seven (G7) developed nations on Saturday hailed Spain's action to recapitalize its banking system.
Eurozone finance ministers confirmed on Saturday that the single-currency area is ready to offer up to 100 billion euros (about 125 billion US dollars) in financial aid to rescue Spain's ailing banking sector.
Support would come if Spain officially asks for help to prop up its crisis-riven banks, head of the Eurogroup Jean-Claude Juncker said Thursday.
The European Commission proposed far-reaching powers for regulators to take control of failing banks on Wednesday.
None of the eight European Union (EU) member states willing to join the now 17-member eurozone has met membership criteria, the European Central Bank (ECB) said on Wednesday.
The four largest Greek banks' recapitalization with a total of 18 billion euros (22.57 billion U.S. dollars) funds was completed on Monday, the Greek Finance Ministry said.
French President Francois Hollande speaks the media after an informal European Union leaders summit in Brussels May 24, 2012.
European Council President Van Rompuy called on EU member states to concentrate more on coordination of policies to spur economic growth.
An Italian national statistics agency on Tuesday forecast that Italy's GDP would fall by 1.5 percent this year but would slightly rise by 0.5 percent in 2013.
Greek conservative parties the New Democracy (ND) and the Democratic Alliance announced on Monday that they will join forces ahead of the critical June 17 national polls, the second in two months.
The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems.
David Cameron suggests the Group of Eight leaders must work together to stop the euro zone economic crisis from spreading worldwide.
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