Financial crisis news and stories by mail.com

Financial crisis

Ireland imposes 6th straight austerity budget
Ireland's government unveiled plans for €3.5 billion ($4.5 billion) in new taxes and spending cuts in the debt-burdened country's sixth straight ...
Class of 2012: Young Europeans trapped by language
Maria Menendez, a 25-year-old caught in Spain's job-destroying economic crisis, would love to work in Germany as a veterinarian. Germany, facing an ...
Spain pays mostly lower rates in debt sales
Spain has raised €4.2 billion ($5.5 billion) in debt auctions at mostly lower interest rates, indicating improving investor confidence as the ...
Greek PM pledges first glimmer of recovery in 2013
Greece's prime minister on Tuesday promised an austerity-weary nation that 2013 will bring the first signs of economic recovery after a punishing ...
Spain's jobless near 5 million as banks await cash
The number of people officially registered as unemployed in Spain has edged up toward 5 million as the country's recession shows few signs of abating ...
Germany, France at odds over EU banking supervisor
European Union countries are dragging themselves to a year-end summit with a heavy load of unfinished business aimed at shoring up confidence in the ...
Germany's Merkel sets stage for 2013 elections
Chancellor Angela Merkel launched her bid for re-election Tuesday, telling party faithful her government has successfully steered Germany through the ...
Australia lowers key interest rate to 3 percent
Australia's central bank cut its benchmark interest rate by a quarter percentage point Tuesday, taking it to its lowest level since the global ...
Obama hails Nunn, Lugar efforts to secure nukes
Hailing two decades of efforts to help the former Soviet Union secure nuclear weapons stockpiles, President Barack Obama said Monday that the world ...
Spain tax amnesty brings in less than hoped for
Spain's finance Minister says a tax amnesty aimed at raising money for the recession-hit country only raised about half of what is was supposed to.
Greece launches $13 billion bond buyback plan
Greece revealed Monday plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes will help stabilize its mountainous debt
Britain to clamp down on corporate tax avoidance
The British government said Monday it would spend more money catching tax avoiders, after a lawmakers' committee accused major multinational companies ...
Greece, Cyprus center stage in eurozone meeting
Details of a plan for Greece to reduce its heavy debt by buying some of it back at bargain prices will be presented Monday to finance ministers from ...
Asia stocks rise on improved China manufacturing
Asian stock markets rose Monday after surveys showed a recovery in China's manufacturing. HSBC's Purchasing Managers' Index rose to 50.5 in November ...
Exit poll: Ex-PM Pahor wins Slovenia presidency
Former Slovenia Prime Minister Borut Pahor won the presidential election Sunday, calling for unity in the tiny EU nation where discontent has been ...
Merkel does not rule out Greek haircut after 2014
Germany no longer rules out the possibility of forgiving Greece some of its debt once the country's finances are in order, Chancellor Angela Merkel ...
UK finance boss: Debt-cutting slower than expected
Britain's Treasury chief acknowledged Sunday the economy is taking longer than expected to recover from the financial crisis, but insisted he will not ...
Cyprus rushes adoption of austerity measures
Cyprus' finance minister urged lawmakers Friday to approve a first batch of spending cuts and tax hikes agreed with international creditors by Dec.
Oil up 1 pct.; weather outlook sinks natural gas
The price of oil rose 1 percent Friday as traders weighed a new debt deal in Europe and political bickering in the U.S. over looming tax increases and ...
Health officials: Athens has spiraling HIV crisis
Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece ...
German Parliament approves Greek debt deal
German lawmakers overwhelmingly backed a deal aimed at trimming Greece's debt load and keeping the country financially afloat but the country's ...
Mexico's President Calderon fell short of goals
When he came to power six years ago, President Felipe Calderon set goals to alleviate poverty, create jobs and increase public safety. As he winds up ...
5 films about the financial crisis you can bank on
"Killing Them Softly" is a stylish and violent dark comedy about low-level gangsters and thugs, set squarely within the U.S. economic collapse of ...
Tunisian PM slams those behind recent riots
Tunisia's prime minister accused opposition parties and unions Thursday of provoking three days of violent clashes and pleaded for patience while the ...
Italian borrowing costs drop to 2010 levels
Italy has easily raised nearly €6 billion ($7.7 billion) in a pair of bond sales that saw interest rates drop to their lowest levels since late 2010.