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 ...
EU's top economic official lashes out at IMF
The man in charge of the European Union's rescues of its debt-crippled countries has slammed the International Monetary Fund's criticism of the Greek ...
EU rejects IMF criticism on handling Greek crisis
Two of the main institutions in charge of managing Europe's debt crisis have clashed over whether mistakes were made in the handling of Greece's debt ...
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 ...
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 ...
Top officials call to overhaul euro institutions
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region ...
Euro ministers urge troubled Slovenia to act
European finance ministers on Monday urged Slovenia to move swiftly in addressing the problems in its banking sector and get its public finances under ...
Europe at odds over next steps to banking union
European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system ...
Yen in focus as G-7 discusses nurturing recovery
Financial leaders from the world's top seven developed economies are gathering in the U.K. to discuss how to shore up the global recovery just as the ...
EU predicts eurozone recession to continue in 2013
Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ...
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 ...
Top ECB official cautions: rate cuts have costs
A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — ...
ECB's Draghi urges speedy banking union
European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to ...
EU to extend loan repayments for Ireland, Portugal
European Union finance ministers agreed Friday to grant Ireland and Portugal seven years more years to pay their bailout loans, easing the burden on ...
EU warns of imbalances in Spain, Slovenia
The European Commission turned up the heat on Spain and Slovenia Wednesday, warning that the two struggling countries are facing "excessive" problems ...
US Treasury chief urges EU to ease off austerity
European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked ...
IMF agrees to its part of Cypriot bailout
The International Monetary Fund said Wednesday it will contribute 1 billion euros to an overall financial rescue package of 10 billion euros ($12.
Cyprus looks to its past for economic reboot
As it grapples with the prospect of years of economic pain, Cyprus will try to draw strength from its not-so-distant experience of invasion — and the ...
Cyprus secures bailout, avoids bankruptcy
Cyprus secured a 10 billion euro ($13 billion) package of rescue loans in tense, last-ditch negotiations early Monday, saving the country from a ...
Cyprus talks to continue; no deal yet
Cyprus officials and international representatives ended torturous negotiation in the early hours of Sunday with no agreement on a plan to raise money ...
Cyprus to accept corporate tax hike in bailout
Cyprus will accept raising its low 10 percent corporate tax rate as part of an international bailout deal, a senior official said Tuesday.
EU says eurozone economy to shrink again in 2013
The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see ...
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