Financial crisis

Financial crisis

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  Eurozone recession is now longest in currency bloc

  The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis ... 

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  Bank of England sees 'modest, sustained' recovery

  The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with ... 

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  Greece to break up state power company for money

  Greece's conservative-led government on Wednesday announced plans to break up the state-run Public Power Corporation by 2016, as part of a ... 

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  Portugal pays lower interest rates in debt auction

  Portugal has collected 1.75 billion euros ($2.3 billion) in a debt auction, with a sharp drop in interest rates providing further evidence that market ... 

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  Fitch upgrades Greece's credit rating

  Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European ... 

• Turkish Cypriot leader seeking US help on talks

  The prime minister of the breakaway Turkish north of ethnically divided Cyprus was in Washington on Thursday looking for ways to revive stalled ... 

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  EU to shift bill for bank failures to creditors

  European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large ... 

• Slovenia government, unions agree on wage cuts

  Slovenia's government and trade unions on Tuesday reached a tentative agreement to cut public sector wages by up to 4.8 percent as part of budget ... 

• Greek club AEK Athens to declare bankruptcy

  Troubled Greek football club AEK Athens is planning to declare bankruptcy and seek voluntary relegation to the country's third division. The club, hit ... 

• Pension reform seen as crucial for ailing Portugal

  A leading international economic body says Portugal must push ahead with changes to pension entitlements, even though the planned reforms are ... 

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  Poll shows favorable views of EU in sharp decline

  Positive views of the European Union by its citizens are near all-time lows. And no EU country is plunging faster into the abyss of gloom than France. 

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  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 ... 

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  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 ... 

• Greece uses emergency power on striking teachers

  The Greek government said Monday it will use emergency powers to prevent protesting teachers from disrupting university entrance exams this month. 

• Danone to acquire US baby food maker Happy Family

  French yogurt maker Danone says it has agreed to take a more than 90-percent stake in organic baby food maker Happy Family. Although Danone is known ... 

• Portugal's president summons advisers amid tension

  Portugal's president is convening a seldom-assembled advisory body of senior figures, amid splits in the center-right coalition government over ... 

• Spain commemorates 2 years of Occupy protests

  Thousands of people are demonstrating in 12 Spanish cities to commemorate the second anniversary of the Occupy protest movement, which began with an ... 

• Party's withdrawal threatens Moroccan govt

  Morocco's second largest political party has announced it is withdrawing from the Islamist-led government elected during the Arab Spring and leaving ... 

• Pro-Berlusconi rally in Italy draws cheers, jeers

  Thousands of supporters of former Premier Silvio Berlusconi rallied in a northern Italian city Saturday to protest the media mogul's recent conviction ... 

• Cyprus exempts capital controls on 4 foreign banks

  Cyprus authorities have dropped controls on money transfers and withdrawals for international clients of four foreign banks with branches or ... 

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  Greek anti-austerity strike threatens school exams

  A union representing teachers at Greek state high schools on Friday called a series of strikes to start next week over new austerity cuts, in action ... 

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  NKorea nuke arsenal seen as matter of when, not if

  For 20 years, fears about North Korea's headlong pursuit of nuclear bombs have been deflected by admonishments not to overestimate an impoverished ... 

• Cyprus keeps limits on money flows

  Cyprus will keep limits on money transfers and withdrawals until it is more confident that its ailing banks will not face a run, the central bank's ... 

• Spain education sector hit by strike against cuts

  Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education ...