Spain's jobless above 6 million for first time
With more than 6 million unemployed for the first time ever, Spain's jobless rate shot up to a record 27.2 percent in the first quarter of 2013, the ...
Cyprus further eases limits on money transfers
Cyprus significantly eased restrictions on money transfers inside and outside the country Thursday to help businesses spur a deeply slumping economy.
Italy premier-designate short of securing support
Italy's premier-designate, Enrico Letta, said candidly Thursday he is still short of securing support for a ruling coalition after Silvio Berlusconi's ...
Sales inch up 1 percent at French retailer Kering
Kering says revenues rose 1 percent in the first quarter of the year, unusually little growth for the French luxury and retail group whose Puma brand ...
Greece pulls firing provision from austerity bill
Greece's government has withdrawn a key labor reform from a new austerity bill, following strong objections by experts and a widely reported rift ...
Portugal celebrates revolution, attacks austerity
Tens of thousands of Portuguese are marching through towns and cities in annual commemorations of the 1974 Carnation Revolution, which ousted a ...
Spain's Q1 unemployment jumps to record 27.2 pct
Spain's National Statistics Institute says the country's unemployment rate shot up to a record 27.2 percent in the first quarter of 2013. The agency ...
German finance minister digs in on austerity
Germany's finance minister is insisting that Europe can't spend its way out of its economic problems — digging in against mounting criticism of the ...
European recession hits major car makers
Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the ...
Greek finance minister rejects tax relief call
Greece's Finance Minister has rejected a called from the government's Socialist coalition partners to add tax relief measures to a new austerity bill ...
UK in dark mood as new recession may be confirmed
Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that. It's possible that official figures on first quarter ...
Predictions of ECB rate cut grow as growth fades
Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the ...
Bailed-out Portugal puts focus on growth policies
After two years of relentless austerity and steep recession, bailed-out Portugal's government is adopting new measures to spur growth. The government ...
Germany rejects EU hint at easing austerity drive
Germany on Tuesday defended the policy of tightening the budgets in a number of European countries despite a blunt warning from a top European Union ...
Spain central bank: recession continued in Q1
Spain's recession continued in the first three months of the year, with the economy shrinking by 0.5 percent, its seventh quarterly contraction, the ...
Greece's Eurobank heads for state control
Greece's Eurobank says it will not be able to privately raise money to complete its 5.84 billion euro ($7.61 billion) recapitalization, and will rely ...
European austerity yields meager results in 2012
The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's ...
Spain's population drops as crisis deepens
Spain's National Statistics Institute says the recession-wracked country's population fell in 2012 for the first time in years as foreigners left the ...
Cyprus says insurance firm deposits to take losses
Cyprus' central bank says all insurance firm deposits in the bailed-out country's second largest bank will now take a loss of 27.5 percent. The bank ...
Slovenia insists it's not the next Cyprus
Slovenian officials have a message for the world: Don't panic — we won't be the next to fall. The tiny European Union member is trying to convince its ...
Cyprus to open casinos to restart economy
Cyprus' president said Friday that the bailed-out country will open casinos and bolster its tourism sector to get the economy going again.
Greek farm shootings highlight migrants' plight
After months of pressing the strawberry plantation over pay, the Bangladeshi migrant laborers gathered in the field hoping that a deal was near.
Greece pledges swift punishment over farm shooting
Greek officials on Thursday promised "swift and exemplary" punishment for three strawberry plantation foremen who allegedly shot and injured 29 ...
Chinese investors eye Greek airports
Greece's finance ministry says Chinese investors have "confirmed interest" in Greek airports that are due to be privatized. Finance Minister Yannis ...
German Parliament approves Cyprus aid package
The German Parliament on Thursday approved a 10 billion euros ($13 billion) rescue package for Cyprus by a wide margin. Lawmakers voted 487-102 in ...
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