Financial crisis

Financial crisis

• Spain approves urgent job incentive package

  The Spanish government has approved a package of urgent reforms it hopes will create jobs for young people and help slash the country's 26 percent ... 

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  German president urges Britain not to abandon EU

  Germany's president appealed to Britain on Friday not to turn its back on the European Union, but insisted that Europe needs deeper unity to remain ... 

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  Italian traditions provide buffers to the crisis

  Self-made Italians like Amedeo Tartarini never expected to need help. Tartarini's goldsmith business thrived for decades in Italy's postwar boom. 

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  Spain sells government bonds at lower rates

  Spain has paid lower interest rates to raise €4.2 billion ($5.7 billion) in an auction of bonds, suggesting improved investor confidence in the ... 

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  Rajoy says 'Spain's head out of the water'

  Spain is on the mend, Prime Minister Mariano Rajoy claimed Wednesday as he revealed a drop in the government's budget deficit. The government has been ... 

• Germany's Merkel: stick to G-20 currency pledge

  German Chancellor Angela Merkel is urging the world's leading economies to stick to an agreement and not deliberately weaken their currencies. 

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  Greeks strike, march in protest against austerity

  Tens of thousands of anti-austerity demonstrators took to the streets of Athens on Wednesday as unions staged a general strike to protest government ... 

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  Portugal raises $2B in debt sale, cuts forecasts

  Portugal raised €1.5 billion ($2 billion) in a debt sale at sharply lower rates Wednesday as the bailed-out country continues to benefit from ... 

• PM says Spain cut deficit for 2012 to under 7 pct

  Spain's Prime Minister Mariano Rajoy says the country's government deficit for 2012 has fallen to less than 7 percent, down from nearly 9 percent a ... 

• Miss Spain organizer files for insolvency

  The company which organizes the Miss Spain beauty contest has filed for protection from creditors, the latest victim of the country's crippling ... 

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  French president visits Athens amid media blackout

  French President Francois Hollande pledged investments in Greece's ailing economy during a brief visit on Tuesday, seen as a show of support for the ... 

• EU lawmakers seek to beef up cap-and-trade system

  European lawmakers are proposing to tighten the bloc's cap-and-trade system to make carbon dioxide pollution more expensive. The European Parliament's ... 

• Spain raises another $5.3 billion with ease

  Spain has managed to raise €4 billion ($5.34 billion) at an affordable cost in another sign that investors are more confident about the government's ... 

• Spanish banks' bad loan ratio drops to 10.4 pct

  Spain's central bank says the level of bad debt in the country's banks dropped to 10.4 percent in December 2012 from 11.38 percent a month earlier due ... 

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  Runoff called in Cyprus' presidential election

  Cyprus heads into a runoff presidential election next weekend, with voters called on to select who will lead the country through a severe financial ... 

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  Big protests in Spain against health care reforms

  Thousands of demonstrators marched through the streets of 16 Spanish cities Sunday to protest plans to part-privatize the public health care system, ... 

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  Thousands in Portugal protest austerity cuts

  Several thousand people are protesting in Lisbon against austerity cuts the government says are needed to help Portugal out of recession. The nation ... 

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  Q&A: Currency the latest threat to global economy

  The world economy faces a new threat. Instead of a banking collapse or too much debt, fears are growing that countries are using their currencies as ... 

• Merkel vows quick action on transaction tax

  Chancellor Angela Merkel is pledging that the German government will try to ensure that a tax on financial transactions is introduced quickly. The tax ... 

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  Financial crisis drives Cyprus presidential poll

  Cypriots vote Sunday for a new president to guide them through a severe economic crisis as their country becomes the latest financially troubled ... 

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  Greek poverty deepens as unemployment hits record

  Unemployment in Greece rose to a record 27 percent in November as a result of the financial crisis and austerity measures that will leave, according ... 

• Cyprus against private firm probing its banks

  Cypriot authorities are against letting a private firm audit its banks to dispel money laundering allegations. Cyprus is seeking an international ... 

• German economy shrank in Q4 as exports slump

  The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, in a clear sign that ... 

• Czech economy remains in recession

  The Czech economy remains in recession after it shrank a further 0.2 percent in the fourth quarter of 2012 from the preceding three-month period. 

• BOE to tolerate inflation rise as it helps economy

  The Bank of England predicted Wednesday that the U.K.'s inflation rate may hit 3 percent by summer — but pledged to tolerate the increase in an ...