Spain slides into recession Q1 GDP fell 0.4%, Sarkozy and Hollande are promising a radical change to the direction of the Eurozone

Eurozone horror still on progress, France votes to throw down the gauntlet to Europe, Nicolas Sarkozy and François Hollande are promising a radical change to the direction of the EU, says Gideon Rachman

Latest daily forex news on forexmilk desk we reported, Europe must confront crisis of legitimacy, The reality is that the crash is stirring a potentially far-reaching crisis of legitimacy in Europe's political system
Latest daily forex news from Madrid we reported, Spain slides into recession, figures show, Central bank says first-quarter GDP fell 0.4%, adding to a 0.3% contraction in the previous quarter, taking the country into a technical recession

Meanwhile, EU imposes luxury goods ban on Syria, The measures, announced by the EU's council of foreign ministers, represent a novel twist in the bloc's efforts to ratchet up pressure on Assad

Latest act from EU about Myanmar, EU to suspend most Myanmar sanctions, Cautious move retains a separate arms embargo, but sends signal welcoming the dramatic changes in Naypyidaw