Greece ends tax spat ahead of new inspection
Parties in Greece's coalition government announced a compromise Wednesday over an emergency tax seen as a symbol of harsh austerity measures — a move ...
Eurozone inflation down for third month running
Inflation across the 17 European Union countries that use the euro fell for the third month running in March to its lowest level in nearly three ...
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 ...
Cyprus sends rumbles through shaky banking system
This week's deal to rescue Cyprus and its banks from financial collapse has renewed fears about Europe's shaky financial system and where trouble ...
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 ...
Spanish central bank offers grim economic forecast
Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to ...
Fitch puts UK on review for downgrade
Fitch placed Britain's AAA rating on review for a downgrade on Friday, a blow to the government just days after it presented an austere budget it ...
IOC: 2020 Madrid Olympic bid costs 'attainable'
The IOC believes the $1.9 billion construction costs for holding the 2020 Olympics in Madrid are "attainable" for the recession-hit country. "The IOC ...
UK official delivers another austere budget
Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little ...
Europe eases the austerity whip _ a little
Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. Political leaders ...
Madrid hopes frugal Olympic bid will win over IOC
With Spain mired in recession and buckling under deep austerity cuts, Madrid faces the tough task of convincing the IOC that it has the resources to ...
Bailout lenders grant Portugal easier debt targets
Portugal's bailout lenders have agreed to ease its debt-reduction targets amid deteriorating economic prospects, the finance minister said Friday, ...
Asia stocks up as US jobless data fuels optimism
Investor optimism about the economy pushed Asian stock markets higher Friday after Wall Street logged more gains and the U.S. job market showed ...
Workers protest to get EU leaders to end austerity
Some 10,000 workers from across the European Union protested outside a summit of EU leaders Thursday, demanding they end years of austerity and focus ...
European court says Spanish eviction laws illegal
The European Court of Justice ruled Thursday that harsh property repossession laws in Spain that have led to hundreds of thousands of evictions during ...
German utility Eon posts FY profit of $3.4 billion
German utility Eon bounced back to profit in 2012 but warned that it may have to start closing gas-fired power plants if government doesn't take steps ...
UK industrial output unexpectedly falls in January
British industrial production fell sharply in January, official figures showed Tuesday, raising fears that the country will suffer its third recession ...
Portugal endures worst recession in 37 years
Portugal's statistics agency says the economy contracted 3.2 percent last year — its sharpest annual downturn since 1975. Portugal is enacting broad ...
A nation of shopkeepers? UK seeks to keep its soul
The small shopkeepers in Greenwich are running out of time. In the London borough that gave its name to Greenwich Mean Time, businesses like Lorraine ...
France calls on Europe to ease off austerity
France has called on fellow European nations to ease off on painful austerity policies to give the economy some breathing space and avoid social ...
German industrial orders drop unexpectedly
A fall in demand for German exports, particularly from other countries in the eurozone, caused an unexpected decline in industrial orders in Europe's ...
Bank of England opts against another stimulus
The Bank of England has opted against injecting more money into the ailing British economy, which has one foot in recession but stubbornly-high ...
French jobless rate up again in Q4, hits 10.6 pct
France has yet to hit bottom. The unemployment rate in Europe's second-largest economy rose again in the last quarter of last year to 10.6 percent, ...
3 former Greek ministers charged under asset laws
Three Greek ex-Cabinet ministers were charged Wednesday with alleged breaches of wealth declaration laws, amid a crackdown on former public officials ...
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