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Financial crisis

Italy's borrowing costs rise ahead of elections
Italy's borrowing costs rose slightly Thursday in an auction of six-month bonds held in the wake of Premier Mario Monti's resignation and uncertainty ...
German FinMin says worst of euro debt crisis over
Germany's finance minister says the worst of euro area's debt crisis appears to be over after three years of worries over Greece and other members of ...
New Japan PM: Saving economic crisis top mission
Shinzo Abe took office as Japan's seventh prime minister in six years Wednesday and vowed to overcome the deep-rooted economic and diplomatic crises ...
Spain's king appeals for unity in financial crisis
King Juan Carlos of Spain has used his annual Christmas Eve message to appeal for national unity to overcome the economic crisis engulfing his country
Christmas comes slowly to austerity-hit Europe
Across Europe, holiday "shoppers" this season are doing more browsing than buying. Retailers remain hopeful for a last-minute burst of Christmas ...
IMF warns French economy vulnerable to downturn
The International Monetary Fund warned Friday that the French economy, the eurozone's second-largest, is vulnerable to a downturn because of its ...
S&P downgrades Cyprus on default fears
The Cyprus government has vowed to do what is needed to finalize a bailout agreement with international lenders after ratings agency Standard & Poor's ...
IMF urges full EU banking union to counter crisis
The International Monetary Fund urged the European Union Thursday to step up its efforts to stabilize the bloc's financial system by swiftly moving ...
Former IMF boss in Spain court over alleged fraud
Former IMF managing director Rodrigo Rato has appeared before Spain's National Court to answer questions over his stewardship of Bankia, a major bank ...
Cyprus parliament approves bailout-driven budget
Cyprus' lawmakers have overwhelmingly approved the 2013 state budget amid efforts to finalize a bailout deal with international lenders in order to ...
US budget remains key driver in markets
Optimism over the prospects of a U.S. budget deal between the White House and Congress supported markets Wednesday and contributed to the euro's first ...
Czech parliament approves austerity measures
The Czech Republic's lower house of parliament has approved unpopular austerity measures that had threatened to cause the downfall of the center-right ...
France wants to split banks' trading, lending ops
France's government proposed a bill Wednesday that would split banks' risky trading activities from their more traditional lending operations as part ...
Greek public sector cutbacks trigger strike
Civil servants in Greece staged a 24-hour strike Wednesday, as thousands gathered to protest new pay cuts as well as suspensions that are expected to ...
A look at bank scandals since the financial crisis
Swiss bank UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global ...
French president faces tough new year
France's President Francois Hollande may be facing a tough 2013, now that the opposition conservatives have ended a month of internal feuding and the ...
Spain's borrowing rates drop again in debt auction
Spain's borrowing rates have dropped again, with the Treasury easily selling €3.5 billion ($4.63 billion) in short-term debt as investor concerns over ...
Cyprus fin min: we have money to pay our bills
Cyprus' finance ministry says the government has secured enough money to cover its immediate financial needs and that there's "no issue" of not paying ...
Sweden cuts main interest rate to 1 percent
Sweden's central bank has cut its key interest rate by a quarter of a percentage point to 1 percent as inflationary pressures remain benign and ...
Spanish PM defends year of austerity amid protests
Spain's prime minister defended his conservative government's imposition of austerity measures during its first year in power on Monday, even as ...
Cyprus uses pension money to pay holiday salaries
Cyprus' cash-strapped government had to get loans from state-owned companies to make sure it could pay its own workers' salaries during the holiday ...
EU: Tax collection still lagging in Greece
Greece is failing to collect the tax it is owed and is in danger of missing key targets that need to be met to reduce the government's staggering debt ...
Ghana considers court order to release ship
Ghana's government said Sunday it was "carefully considering" a U.N. tribunal's order for the immediate release of an Argentine navy training ship ...