Spain Cabinet OKs Banking Sector Reform Plan
- Daniel Wools - The Associated Press
- •
- February 03, 2012
MADRID (AP) — Spain's new conservative government approved Friday a plan forcing banks to set aside an estimated €50 billion ($65 billion) more in provisions to cover toxic real estate assets, in a bi...
EU Prepares for Potential Gas Crisis
- Raf Casert - The Associated Press
- •
- February 03, 2012
BRUSSELS (AP) — The European Union is bracing for another potential energy crisis in the dead of winter as Russian gas supplies to some of its member states suddenly have dwindled by up to 30 percent....
OECD Paper: Europe Needs $1.3 Trln Bailout Fund
- Sarah DiLorenzo - The Associated Press
- •
- February 02, 2012
PARIS (AP) — Europe needs to double the size of its bailout fund to €1 trillion ($1.3 trillion) if it is to shore up its banking system and stop the spread of its spiraling debt crisis, according to a...
Debt Crisis Threatens Slow Death for Portugal
- Barry Hatton - The Associated Press
- •
- February 02, 2012
LISBON, Portugal (AP) — In a six-room Lisbon office where until last year more than a dozen people worked, engineer Joao Paulo Lopes sits alone in silence amid dark computer screens, patiently waiting...
France Raises $10.5 Billion in Solid Bond Auction
- The Associated Press
- •
- February 02, 2012
PARIS (AP) — France raised nearly €8 billion ($10.5 billion) at a bond auction Thursday that saw its closely watched 10-year borrowing costs fall.
European bond auctions are highly anticipated beca...
Strike Disrupts Portugal Public Transport System
- The Associated Press
- •
- February 02, 2012
LISBON, Portugal (AP) — A 24-hour strike by Portuguese public transport workers caused some disruption for travelers but had a patchy turnout Thursday, suggesting resistance to the government's auster...
Prisons in Greece Closed Due to Overcrowding
- ANA- MPA
- •
- January 31, 2012
AMNA--A third prison, after those of Korydallos and Halkida, on Monday sent a letter to the justice ministry saying that it will be unable to accept any more inmates due to overcrowding.
The la...
French Court Asked to Rule on Genocide Bill
- The Associated Press
- •
- January 31, 2012
PARIS (AP) — France's Constitutional Council has been asked to determine whether a bill concerning the mass killings of Armenians a century ago violates the constitution.
The bill makes it a crime ...
Eurozone Unemployment Ends 2011 at Record High
- The Associated Press
- •
- January 31, 2012
BRUSSELS (AP) — Unemployment in the 17-nation eurozone ended 2011 at 10.4 percent, a new record high for the single currency since its launch at the start of 1999, official figures showed Tuesday.
...
German Unemployment Rises in January
- The Associated Press
- •
- January 31, 2012
BERLIN (AP) — The unemployment rate in Germany, Europe's largest economy, edged back over 7 percent in January as the winter weather began to weigh more heavily on industries such as construction, the...
German Plan for 'Savings Czar' Finds No Taker
- Raf Casert - The Associated Press
- •
- January 31, 2012
BRUSSELS (AP) — Germany's controversial suggestion of a European debt regulator with direct control over Greece's spending turned out to be such a touchy subject that Chancellor Angela didn't even men...
25 EU Nations to Sign Treaty to Stop Overspending
- Gabrielle Steinhauser & Sarah DiLorenzo - The Associated Press
- •
- January 30, 2012
BRUSSELS (AP) — All European Union countries, except Britain and the Czech Republic, agreed Monday to sign up to a new treaty designed to stop overspending on the eurozone and put an end to the bloc's...
Italian Borrowing Costs Down in Bond Sale
- Colleen Barry - The Associated Press
- •
- January 30, 2012
MILAN (AP) — Italy's borrowing costs dropped again on Monday as it raised €7.46 billion ($9.81 billion) in a sale of long-term bonds that showed modest investor interest.
The sale was the first tes...
Spanish Economy Shrinks in Q4, Nearing Recession
- Ciaran Giles - The Associated Press
- •
- January 30, 2012
MADRID (AP) — Spain's economy contracted by 0.3 percent during the fourth quarter of 2011 compared with the previous three months, according to official data released Monday, edging the country closer...
Belgium Strikes on Day of EU Summit
- Raf Casert - The Associated Press
- •
- January 30, 2012
BRUSSELS (AP) — Belgian trade unions organizing a nationwide strike Monday called on leaders attending the European Union summit in Brussels to move away from austerity measures and start boosting gro...
Strike on Summit Day Shows Task at Hand
- Raf Casert - The Associated Press
- •
- January 29, 2012
BRUSSELS (AP) — German Chancellor Angela Merkel and other European leaders meeting for a summit will only have to look out of the window to see the biggest problem with their steady diet of austerity ...
Deficit Focus Questioned as Answer to Euro Crisis
- David McHugh - The Associated Press
- •
- January 28, 2012
FRANKFURT, Germany (AP) — Europe is getting tougher on government debt. After more than two years struggling to rescue financially shaky governments, leaders of the 17 countries that use the euro are ...
Fitch Downgrades 5 Eurozone Nations
- The Associated Press
- •
- January 27, 2012
FRANKFURT, Germany (AP) — U.S. ratings agency Fitch says it is downgrading the credit ratings of five countries that use the euro, including economic heavyweights Italy and Spain.
Fitch said the do...
Public Needs to Back Austerity, EU Leaders Say
- The Associated Press
- •
- January 26, 2012
FRANK JORDANS,Associated Press
PAN PYLAS,Associated Press
DAVOS, Switzerland (AP) — Cash-strapped governments in Europe must persuade skeptical citizens to accept severe austerity measures if th...
Spanish Unemployment Rises Further to 24 Pct
- Ciaran Giles - The Associated Press
- •
- January 26, 2012
MADRID (AP) — Spain's unemployment rate has jumped to nearly 24 percent in the fourth quarter, Finance Minister Cristobal Montoro said Thursday, confirming that the country is still in the throes of a...
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