European car sales hit 20-year low for May
European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday.
Little joy in Croatia as it enters the EU
There will be festivities and fireworks, but Kata Secic can't muster much enthusiasm for Croatia's historic entry into the European Union.
G8 faces uncertain recoveries, turbulent markets
Europe is mired in debt and recession. Financial markets have hit violent ups and downs on fears that U.S. stimulus efforts may soon be scaled back.
Less US urgency at G-8 in call for European growth
When leaders of the nation's biggest economies gathered in the U.S. last year, European elections had rattled the continent with a rejection of ...
European growth less urgent for US at G-8 summit
A year after President Barack Obama made an emphatic pitch to Europe's economic powers to focus more on economic growth than austerity, much of the ...
BP: Global demand for energy slows
Global demand for oil, gas, coal and nuclear power grew at a slower pace last year due to weak economic growth, recession and increased efficiency, ...
Turkish economy depends on political stability
The escalation in the clashes between Turkey's government and protesters could hurt an economy that has become a source of growth and stability in a ...
Central bank: Finland in recession through 2012
The Finnish central bank says Finland's economy is in worse shape than earlier believed and that the recession will continue through 2012. The bank's ...
Dutch finance minister defends austerity approach
Dutch Finance Minister Jeroen Dijsselbloem defended his strategy of cutting government spending and increasing taxes to reduce the country's budget ...
German economy recovering after weak patch
Germany's central bank on Friday lowered its growth forecast for this year but said a recovery had already started, as evidenced by a rise in export ...
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 ...
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 ...
Eurozone recovery proves elusive
Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession.
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 ...
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 ...
IMF urges Germany to keep spending amid low growth
The International Monetary Fund on Monday halved its growth forecast for Germany as the eurozone recession takes its toll on the bloc's largest ...
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 ...
Oil falls below $92 on high supplies, OPEC output
The price of oil fell 2 percent to its lowest level in a month after OPEC stuck to its current production target despite ample supplies of crude. U.S.
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 ...
3 bid cities make pitches for 2020 Olympics
Less than four months before the IOC vote, the three cities vying for the 2020 Olympics took their campaign to a key international audience on ...
OECD: Europe remains threat to world economy
The recession in Europe risks hurting the world's economic recovery, a leading international body warned Wednesday. In its half-yearly update, the ...
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 ...
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