Portugal celebrates revolution, attacks austerity
Tens of thousands of Portuguese are marching through towns and cities in annual commemorations of the 1974 Carnation Revolution, which ousted a ...
German finance minister digs in on austerity
Germany's finance minister is insisting that Europe can't spend its way out of its economic problems — digging in against mounting criticism of the ...
Recession doesn't change students' econ savvy
The Wall Street meltdown of 2008 and the ensuing recession did little to help make high school seniors financially savvy and less than half of them ...
European recession hits major car makers
Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the ...
Greek finance minister rejects tax relief call
Greece's Finance Minister has rejected a called from the government's Socialist coalition partners to add tax relief measures to a new austerity bill ...
UK in dark mood as new recession may be confirmed
Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that. It's possible that official figures on first quarter ...
Predictions of ECB rate cut grow as growth fades
Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the ...
Bailed-out Portugal puts focus on growth policies
After two years of relentless austerity and steep recession, bailed-out Portugal's government is adopting new measures to spur growth. The government ...
Germany rejects EU hint at easing austerity drive
Germany on Tuesday defended the policy of tightening the budgets in a number of European countries despite a blunt warning from a top European Union ...
Spain central bank: recession continued in Q1
Spain's recession continued in the first three months of the year, with the economy shrinking by 0.5 percent, its seventh quarterly contraction, the ...
Bernanke to miss conference, hinting at departure
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August ...
European austerity yields meager results in 2012
The austerity pain pursued by a number of European countries led to very little gain in 2012. Figures Monday from Eurostat, the European Union's ...
Slovenia insists it's not the next Cyprus
Slovenian officials have a message for the world: Don't panic — we won't be the next to fall. The tiny European Union member is trying to convince its ...
Cyprus to open casinos to restart economy
Cyprus' president said Friday that the bailed-out country will open casinos and bolster its tourism sector to get the economy going again.
Greek farm shootings highlight migrants' plight
After months of pressing the strawberry plantation over pay, the Bangladeshi migrant laborers gathered in the field hoping that a deal was near.
Greece pledges swift punishment over farm shooting
Greek officials on Thursday promised "swift and exemplary" punishment for three strawberry plantation foremen who allegedly shot and injured 29 ...
German Parliament approves Cyprus aid package
The German Parliament on Thursday approved a 10 billion euros ($13 billion) rescue package for Cyprus by a wide margin. Lawmakers voted 487-102 in ...
Portugal launches another round of spending cuts
Portugal's government is pushing ahead with deeply unpopular austerity policies, announcing plans Thursday to save 800 million euros ($1 billion) this ...
German economy seen bouncing back after Q4 dip
Germany's economy is bouncing back from a downturn at the end of last year, according to the country's leading economic research institutes. In their ...
Legendary horses latest victim of Spain's bust
The southern Spanish region of Andalusia, famed for flamenco and Moorish castles, is also home to a legendary breed of horses that carried ...
European car sales plummet, even in solid Germany
Europe's auto market is in freefall. Once the motor for Europe's economy, the car industry has fallen victim to the region's widening recession and ...
EU lawmaker: Cyprus must reunify, spur Turkey ties
A prominent European lawmaker scolded Cyprus' bailout creditors Wednesday for failing to insist on the ethnically split country's reunification.
Official: Cyprus lawmakers to vote on bailout deal
Cyprus' parliament must vote on the 23 billion euro ($30 billion) bailout deal the country has agreed upon with international creditors, the Cypriot ...
Greece sticks with austerity, seeks debt relief
Greece promised Tuesday to stick with tough austerity measures, holding out hope for a debt relief deal with emergency creditors, but the country's ...
ECB's Draghi urges speedy banking union
European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to ...
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