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Financial crisis

Miss Spain organizer files for insolvency
The company which organizes the Miss Spain beauty contest has filed for protection from creditors, the latest victim of the country's crippling ...
French president visits Athens amid media blackout
French President Francois Hollande pledged investments in Greece's ailing economy during a brief visit on Tuesday, seen as a show of support for the ...
EU lawmakers seek to beef up cap-and-trade system
European lawmakers are proposing to tighten the bloc's cap-and-trade system to make carbon dioxide pollution more expensive. The European Parliament's ...
Spain raises another $5.3 billion with ease
Spain has managed to raise €4 billion ($5.34 billion) at an affordable cost in another sign that investors are more confident about the government's ...
Spanish banks' bad loan ratio drops to 10.4 pct
Spain's central bank says the level of bad debt in the country's banks dropped to 10.4 percent in December 2012 from 11.38 percent a month earlier due ...
Runoff called in Cyprus' presidential election
Cyprus heads into a runoff presidential election next weekend, with voters called on to select who will lead the country through a severe financial ...
Big protests in Spain against health care reforms
Thousands of demonstrators marched through the streets of 16 Spanish cities Sunday to protest plans to part-privatize the public health care system, ...
Thousands in Portugal protest austerity cuts
Several thousand people are protesting in Lisbon against austerity cuts the government says are needed to help Portugal out of recession. The nation ...
Q&A: Currency the latest threat to global economy
The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as ...
Merkel vows quick action on transaction tax
Chancellor Angela Merkel is pledging that the German government will try to ensure that a tax on financial transactions is introduced quickly. The tax ...
Financial crisis drives Cyprus presidential poll
Cypriots vote Sunday for a new president to guide them through a severe economic crisis as their country becomes the latest financially troubled ...
Greek poverty deepens as unemployment hits record
Unemployment in Greece rose to a record 27 percent in November as a result of the financial crisis and austerity measures that will leave, according ...
Cyprus against private firm probing its banks
Cypriot authorities are against letting a private firm audit its banks to dispel money laundering allegations. Cyprus is seeking an international ...
German economy shrank in Q4 as exports slump
The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, in a clear sign that ...
World gold sales slip for first time in 3 years
Global gold sales slipped in 2012 for the first time in three years as the biggest central bank purchases in half a century weren't able to offset a ...
Czech economy remains in recession
The Czech economy remains in recession after it shrank a further 0.2 percent in the fourth quarter of 2012 from the preceding three-month period.
BOE to tolerate inflation rise as it helps economy
The Bank of England predicted Wednesday that the U.K.'s inflation rate may hit 3 percent by summer — but pledged to tolerate the increase in an ...
Portugal's jobless rate hits record 16.9 percent
Portugal's National Statistics Institute says the country's unemployment rate rose to a record 16.9 percent in the fourth quarter of last year.
ECB's Draghi: Spain is 'on the right track'
Spain has succeeded in stabilizing a banking system that almost collapsed last year and is well-positioned for better economic times going forward, ...
UK regulator fines UBS over investment funds
Britain's financial regulator fined Swiss bank UBS 9.45 million pounds ($14.8 million) Tuesday for exposing customers to unacceptable risk in the ...
Official: EU not working on private Cyprus haircut
For a second day in a row, the European Union's top financial official sought Tuesday to quash speculation that private bank depositors in Cyprus ...
Greece raises 1.3 billion euros in T-Bill auction
Greece has raised €1.3 billion ($1.74 billion) in a Treasury bill auction, with the interest rate paid on the three-month loan roughly unchanged from ...
Rates almost flat as Spain sells $7.5 bln
Spain beat expectations when it sold €5.6 billion ($7.5 billion) in short-term debt in a sign of continuing investor confidence in the government's ...
Euro chief won't rule out private Cyprus losses
The new head of the euro area's finance ministers refused Monday to rule out forcing private depositors in Cypriot banks take losses as part of a ...
Greece: Cuts keep budget on target, spur protests
Greece's farmers launched a campaign of daily anti-austerity highway blockades Monday, as the conservative-led government insisted deep spending cuts ...