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    last updated: Mon, 06 Feb 2012 17:54:52 GMT

    Greece caves in on civil service firings (AP)

    A woman walks past a advertising board for a pawn shop, in central Athens, on Monday, Feb. 6, 2012. Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakthrough needed to avert bankruptcy in March. (AP Photo/Dimitri Messinis)AP - Greece's coalition government caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.
    France, Germany want closer control of Greek funds (AP)
    AP - France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt.
    German industrial orders buoyed by global demand (AP)
    AP - The German government says strong demand from outside the eurozone helped the country's industrial orders rise a stronger-than-expected 1.7 percent in December.
    Conservatives take second powerful post in Finland (AP)

    Sauli Niinisto smiles at the Helsinki Music Center after the second round of the Finnish Presidential elections on Sunday, Feb. 5, 2012. A conservative former finance minister was headed toward a clear victory in Finland's presidential election Sunday, according to partial results and a TV election forecast. A projection by national broadcaster YLE said Sauli Niinisto would win 63 percent of the votes, compared to 37 percent for his rival, Greens candidate Pekka Haavisto. (AP Photo/Lehtikuva/Martti Kainulainen) FINLAND OUT. NO SALES.AP - The victory for Finland's conservatives in the presidential runoff marks a political watershed in the Nordic country, restoring the National Coalition Party to the presidency after 30 years and giving it the nation's two top posts for the first time.
    Greeks delay bailout talks as Merkel demands action (Reuters)

    Prime Minister Lucas Papademos arrives at his office in Athens for a meeting with Greek political leaders February 5, 2012. REUTERS/Yiorgos KarahalisReuters - German Chancellor Angela Merkel told Greece Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
    Europe's debt rose to 82 percent of output at end-Q3 (Reuters)
    Reuters - The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down.

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