Greek unemployment hits new high, at 26.8 percent
Unemployment in recession-mired Greece continued its record-setting rise in March, reaching 26.8 percent of the workforce compared to a revised 26.
IMF admits 'notable failures' in Greek bailout
The International Monetary Fund acknowledged on Wednesday that it made "notable failures" in the Greek bailout, underestimating how much the austerity ...
ECB searches for ways to boost sagging eurozone
Europe's economy badly needs a push. The European Central Bank says it stands ready to help. But how? To stimulate growth, the ECB has already cut its ...
Latvia gets go-ahead to become 18th euro member
The tiny Baltic state of Latvia has won approval to become the 18th member of the troubled euro currency union — despite doubts among many of its ...
Ireland calls the diaspora home with The Gathering
The tall ships looked majestic as they sailed into the bay — replicas of the masted, rigged vessels that once transported millions of emigrants from ...
Merkel challenger criticizes austerity policies
Chancellor Angela Merkel's challenger in the upcoming election said Tuesday that her government's insistence on budget austerity across Europe is ...
Czech economy stuck in recession
The Czech economy remains stuck in a deep recession after it shrank a further 1.1 percent during the first quarter of 2013 from the preceding ...
Summer job hiring sends Spain unemployment down
Spain's Labor Ministry says the number of people registered as unemployed fell by a little under 100,000 in May as employers ramped up hiring in ...
Fitch downgrades Cyprus 1 notch to B minus
International agency Fitch sent Cyprus' credit rating deeper into junk territory with a one-notch downgrade to B minus over heightened uncertainty ...
Germany to help Spain with credit for growth, jobs
Germany is setting up a loan program for struggling small and medium-sized firms in Spain to boost growth and jobs in the crisis-hit southern European ...
Draghi defends bond program ahead of court hearing
European Central Bank head Mario Draghi is defending a central bank program that has been credited with calming market turmoil over the continent's ...
Anti-austerity protests: Spain, Germany, Portugal
Anti-austerity protesters on Saturday took to the streets of dozens of European cities, including Madrid, Frankfurt and Lisbon, to express their anger ...
Eurogroup head: Greece to wait on debt relief
Eurozone countries will not consider possible debt relief for Greece until April 2014, the euro currency bloc's head said Friday on a visit to Athens.
Pakistan may be next in line for an IMF bailout
With foreign reserves diminishing fast, Pakistan is on the brink of an economic crisis that may force its new government to ask for an unpopular ...
Cyprus banks lose billions in deposits in 2 months
Deposits in Cyprus' beleaguered banks shrank by more than 10 billion euros ($13 billion) since the country agreed with international rescue creditors ...
Spain court rules against town's pot-growing plans
Spain's judiciary on Friday rejected a plan by a small town in northeastern Catalonia to ease its municipal debt and help lift itself out of the ...
Eurozone unemployment heading for 20 million
The unemployment rate across the 17 European countries that use the euro hit a record 12.2 percent in April, and the number of unemployed is on track ...
Hollande, Merkel call for full-time eurozone boss
France and Germany are pushing to have a full-time official lead the economic and financial policies of the 17-country euro currency bloc.
Bon Jovi drops concert fee for crisis-hit Spain
U.S. rock star Jon Bon Jovi and his band are waiving their performance fee for a concert in Madrid as a gesture to their Spanish fans hit hard by the ...
Irish unemployment hits 3-year low of 13.7 percent
Ireland's unemployment rate has fallen to a three-year low of 13.7 percent, reflecting a mixed picture involving overall jobs growth combined with ...
EIB to help Cyprus find money for gas project
The European Investment Bank says it will help Cyprus find the financing to build a natural gas processing plant. EIB President Werner Hoyer and Vice ...
Strike shuts Lisbon subway in austerity protest
A 24-hour strike by Lisbon subway staff snarled rush-hour traffic in the Portuguese capital Thursday, heralding a new spate of planned strikes against ...
EU eases pace of austerity to help economy
The European Union softened its demands for austerity Wednesday when it gave France, Spain and four other member states more time to bring their ...
Greece receives gloomy forecasts
Greece's central bank warned Wednesday that unemployment and the recession are likely to be worse than expected this year, while a leading ...
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