Austrian court rejects challenge to euro fund
Austria's constitutional court has thrown out a challenge against the ratification of the euro area's rescue fund, the European Stability Mechanism.
Spain PM says economy will grow in 2014
Prime Minister Mariano Rajoy says Spain's recession-hit economy will return to growth in 2014 and begin creating jobs again. Rajoy said Wednesday that ...
Cypriot finance minister resigns amid crisis probe
Finance minister Michalis Sarris resigned Tuesday after less than five weeks in the job, as the government begins an investigation into how the ...
Euro area unemployment at record 12 percent
The eurozone economy has passed another bleak milestone. Official figures Tuesday showed that unemployment across the 17 European Union countries that ...
Turkish Cypriots: Solidarity tinged with relief
Barbed wire-topped walls stretch across the narrow, twisted streets of Nicosia's walled medieval city, where abandoned buildings extend across a ...
Cyprus appoints judges to probe economic crash
Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt. President Nicos ...
Spanish unemployment edged down in March
Spanish government figures show that the number of people registered as unemployed edged down by a little under 5,000 in March, the first reduction ...
Greek banks get more time to recapitalize
Greece's central bank governor says the country's four largest lenders will be given until the end of May to complete a major recapitalization program
Cyprus gains more time to achieve surplus
Cyprus has been granted an extra year — until 2017 — to achieve a targeted budget surplus of 4 percent as part of bailout negotiations with ...
Moscow: no bailout for Russian savers on Cyprus
A senior Russian Cabinet member says his government won't protect Russian depositors who are losing money in Cyprus but may offer assistance to some ...
Cyprus Church leader promises help amid crisis
The leader of Cyprus' Orthodox Christian church vowed to do all he can so that ordinary people "won't go hungry" amid the country's worst financial ...
Bank of Cyprus big savers to lose up to 60 percent
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue ...
No restrictions on local Cyprus card transactions
Cyprus' central bank tried to kickstart spending in a country left reeling by a 10-day bank closure and financial near-collapse by telling Cypriots ...
President urges Cyprus to 'share the burden'
Cyprus's president called on the country to "share the burden" of solving its financial crisis Friday as banks opened for normal business for the ...
Cypriots anxious as banks reopen with limits
Anxious Cypriots patiently waited in long lines to get at their accounts on Thursday after banks opened for the first time in nearly two weeks, ...
Greece passes education reform amid protests
Greece's parliament has approved measures allowing the government to close or merge roughly one of every five faculties at universities and higher ...
Cyprus president cuts own salary by a quarter
Cyprus' president has cut his salary by a quarter in a show of solidarity with ordinary Cypriots feeling the effects of the country's severe financial ...
Oil steady above $96 as Cyprus banks reopen
The price of oil was up slightly Thursday after climbing more than $4 in less than a week as financially troubled Cyprus reopened its banks after ...
Portugal deficit at 6.4 percent, exceeding target
Portugal's budget deficit last year was 6.4 percent, higher than the target of 5 percent after European authorities refused to include proceeds from ...
Asia stocks weighed down by Europe debt woes
Renewed jitters about the debt crisis in Europe sent Asian stock markets lower Thursday. Banks in Cyprus are due to open later Thursday — for limited ...
Cyprus: cash withdrawals capped at 300 euros
Banks in Cyprus are to open for the first time in more than a week on Thursday, operating for six hours from noon (10:00 GMT), but restrictions will ...
Bomb explodes near Acropolis in central Athens
A bomb exploded outside a Greek ship owner's house near a crowded pedestrian area under the Acropolis in central Athens on Wednesday night, causing ...
Turkish Cypriots: Crisis could delay settlement
Cyprus' financial woes may further delay prospects for a settlement to the island's nearly 40-year ethnic division, the leader of the breakaway ...
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