LISBON/BRUSSELS (Reuters) - Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit as bond markets eased pressure on debt-stricken Greece on Monday after a French pledge of EU help.

The European Commission will float proposals within 24 hours to create a "European IMF," a body that could rescue debt-hit countries like Greece, a commission official said on Monday.

LISBON/BRUSSELS (Reuters) - Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit as bond markets eased pressure on debt-stricken Greece on Monday after a French pledge of EU help.

LONDON (AFP) - The dollar weakened further against the euro on Monday as the market remained focused on the latest US jobs data and easing concerns over Greece's mountain of public debt, analysts said.

The European Commission will float proposals to create a 'European IMF' within 24 hours, a body that could rescue debt-hit countries like Greece, a Brussels official said on Monday.

BusinessSchools: Exeter BSchool News: University of Exeter Business School academic part of €560,000 research bid win

A gang armed with machineguns, grenades and machetes made off with an estimated €250,000 (£225,000) after storming a poker tournament in Berlin.

The time to be greedy, the Sage of Omaha says, is when others are fearful, and the time to be fearful is when others are greedy. Warren Buffett has for years delighted in reusing old investment sayings, and they don’t seem to have done the world’s most famous investor much harm. Right now, that saying looks especially valid for anyone feeling nervous about their holdings of sterling. I...

PARIS (Reuters) - French President Nicolas Sarkozy promised Greece on Sunday that euro zone countries would help it overcome its financial problems and vowed a crackdown on financial speculators Athens blames for its woes.

PARIS (AFP) - European governments sharing the euro currency will help Greece out of financial crisis "if necessary," French President Nicolas Sarkozy said Sunday after talks with the Greek prime minister.