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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, ...
EU seeks extra funding of $14 billion for 2013
The European Union's executive arm is certain to upset several of its 27 member states as it is seeking 11.2 billion euros ($14.4 billion) in ...
ECB, Eurogroup at odds over Cyprus rescue as model
Europe's leading institutions clashed in a rare sign of public discord Tuesday over what shape future financial rescues will take following the ...
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 ...
Japan, EU agree to start free-trade negotiations
Japan and the European Union agreed Monday to start negotiations for a free-trade pact encompassing nations that account for nearly a third of the ...
A glance at the agreement for the Cyprus bailout
Authorities from Cyprus and the so-called troika of international lenders — the European Commission, the European Central Bank and the International ...
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 lawmakers approve key bills for bailout
Lawmakers in Cyprus approved three key bills Friday that aim to raise enough money to qualify the country for a broader bailout package and help it ...
Russia may help Cyprus only after its deal with EU
Moscow will help Cyprus out financially only if the country's new money-raising measures get the backing of the European Union, Russia's prime ...
Cypriot officials: Plan B drawn up to get bailout
Searching for a way out of a crippling financial crisis, officials in Cyprus on Wednesday pursued a new bailout strategy that could include a loan ...
EU makes important step toward banking union
The European Union on Tuesday cleared a major legal hurdle toward establishing a full banking union to stabilize its financial system, just as ...
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, ...
Hungary rejects criticism of constitution changes
Rejecting criticism from the EU, the U.S. and human rights groups, Hungary's prime minister insisted Thursday that recent constitutional changes ...
Cyprus bailout likely closer to $13BN
A bailout package for Cyprus and its troubled financial sector would likely be closer to €10 billion ($13 billion) than the earlier floated €17 ...
Eurozone to hold special meeting on Cyprus
The finance ministers of the 17 euro countries will hold a special meeting this week to discuss a much-delayed bailout package for Cyprus, but ...
EU lawmakers reject $1.3tn budget proposal
The European Parliament overwhelmingly rejected a proposal for the European Union's €960 billion ($1.3 trillion) budget Wednesday, in the latest ...
EU representative killed in rocket attack in Syria
A European Union staff member has been killed in a rocket attack near Damascus, the Syrian capital, the EU announced Wednesday. Ahmad Shihadeh, a ...
EU bans cosmetics with animal-tested ingredients
The European Union banned the sale of new cosmetic products containing ingredients tested on animals with immediate effect Monday. "This is a great ...
Hungary to insert rejected laws into constitution
Hungary's prime minister can't take "no" for an answer, even when he is being instructed by the country's highest court. Over the past 18 months, the ...
Dublin Airport reopens after plane's wheel fails
Flights at Dublin Airport were temporarily suspended Thursday when a BinAir cargo plane's nose wheel collapsed after touching down, the second such ...
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 ...
Cyprus opposes financial transaction tax
Cyprus' finance minister is ruling out a tax on financial transactions as part of a rescue package for the country, one of the 17 European Union ...
Key dates in EU antitrust action against Microsoft
The European Union has fined Microsoft Corp. €561 million ($733 million) for failing to live up to the terms of a settlement that was to end the ...
Poland lowers key interest rate to 3.25 percent
The National Bank of Poland lowered its key interest rate by half a percentage point to a record low of 3.25 percent on Wednesday, a surprise move ...