Cyprus to name new cabinet mid-March

2014-02-28 22:21

Cyprus President Nicos Anastasiades will unveil a new cabinet line-up in mid-March after a walkout by his coalition partner over resumed reunification talks with the Turkish Cypriots.

Greek cops scuffle with school guards, teachers strike

2013-09-16 14:03

Greek police have fired teargas to disperse school guards trying to enter the Administrative Reforms Ministry in central Athens as teachers began a strike against layoffs.

Croatia celebrates historic EU entry

2013-07-01 09:00

Tens of thousands of Croatians have cheered the country's entry into the European Union at midnight as fireworks lit up the skies above Zagreb.

Deadlock after tight Bulgarian election

2013-05-13 11:00

The EU's poorest country Bulgaria has faced fresh political uncertainty after inconclusive elections held three months after huge protests forced the government to resign.

Anti-austerity protests sweep Europe

2013-05-01 12:07

Trains and ferries were cancelled in Greece and thousands were due to demonstrate across Spain as May Day triggered protests against harsh government spending cuts.

France slams Merkel despite flexibility

2013-04-30 12:08

An attack by French Socialists on Angela Merkel coincides with concessions by the German chancellor on austerity, but five months from elections she is loathe to trumpet her flexibility.

Cyprus in last-ditch bailout talks

2013-03-24 17:18

Cyprus President Nicos Anastasiades has entered emergency talks with the island's international creditors seeking to avert bankruptcy.

Fresh unrest erupts at Greek protests

2013-02-20 18:31

Police in Athens have fired tear gas at stone-throwing protestors as thousands of Greeks walked off the job to join the debt-ridden country's first general strike this year and oppose austerity measures.

Eurozone jobless rate jumps to new high

2013-01-08 14:55

Europe's unemployment numbers are rising to worrying new records with dire figures from Spain especially underlining a growing north-south divide, official data show.

Signs of hope for eurozone

2013-01-04 14:33

Tentative signs the eurozone may have passed the worst of its downturn emerged in December but Britain's economy tipped back into contraction in the final months of 2012.

IMF, EU push for softer deficit cuts

2012-12-30 09:30

The IMF and European Commission have told France and its eurozone partners not to fixate on deficit reduction targets if it would exacerbate the bloc's debt crisis.

EU holds back on eurozone overhaul

2012-12-14 07:59

European leaders doused hopes of a radical eurozone overhaul, after brokering deals to control banks and refloat Greece seen as adequate to stem the immediate crisis.

Merkel not ruling out Greek 'haircut'

2012-12-02 09:55

German Chancellor Angela Merkel has not ruled out a so-called "haircut", or write-down, on Greek debt in the next few years, she said in an interview.

G20 finance chiefs to tackle euro crisis

2012-11-04 10:59

G20 finance chiefs begin two days of talks aimed at quelling fears of a global economic downturn amid a persistent eurozone debt crisis.

Eurozone business slump accelerates

2012-10-24 12:36

Eurozone private sector business activity slumped deeper into the mire in October, falling at its fastest rate since June 2009 to 40-month lows, a survey shows.

Troubles grow in Spain banking rescue

2012-10-21 00:39

Spain seems condemned to pay for its own banking rescue after Germany flatly refused to let the eurozone's future bank supervisor do so, analysts say.

Brothels rescue Greek soccer club

2012-10-17 21:48

A Greek soccer team has found a new way to pay the bills, with help from the world's oldest profession.

S&P downgrades Spain two notches

2012-10-11 07:57

Standard & Poor's has cut Spain's sovereign debt rating by two notches to just above junk level, citing the deepening recession and strains from banks.

IMF cuts growth forecast for SA

2012-10-09 08:29

The IMF has cut its 2013 forecast for SA growth to 3% from a July projection of 3.3%, mainly due to the impact of the eurozone debt crisis.

Eurozone to launch bailout fund

2012-10-08 11:45

Eurozone finance ministers will launch their €500bn permanent bailout fund, putting in place a major defence against the debt crisis that now threatens Spain.

Euro, oil fall on Spain, growth worries

2012-10-01 07:41

The euro, oil and Asian shares fell, weighed down by uncertainty about Spain's bailout and concerns over slumping demand due to a slowdown in global growth.

Austerity strikes grip Portugal, Spain

2012-09-29 23:11

Thousands of Portuguese took to the streets to protest government policies, as thousands of Spaniards turned out for their own anti-austerity marches.

Spain unveils price of banking rescue

2012-09-28 12:03

Spain has unveiled the full cost of rescuing its stricken banks, seen by investors as one of the final steps before a looming sovereign bailout.

Spain unveils austerity budget

2012-09-26 07:59

Squeezed by financial markets and denounced in the streets, Spain's government will adopt a 2013 austerity budget which could be a precursor to a full-blown bailout.

German court clears euro rescue fund

2012-09-12 10:52

The eurozone cleared a key hurdle towards resolving its debt crisis as Germany's top court approved a new European firewall for ratification, with some conditions.


Greek minister targeted in sarcastic protest

2013-10-17 14:12

Municipal workers have marched to Greece's finance minister's office with baskets of food in protest after he suggested his family was suffering like other Greeks in this economy.

'Friendly' nation to test missiles in Mediterranean

2013-09-09 14:02

Cyprus says it has been informed that missile tests will be carried out by a "friendly" country in the eastern Mediterranean this week, as the US weighs military strikes against Syria.

Hollande troubled by France recession

2013-05-16 10:03

President Francois Hollande's nagging headache to reboot the French economy has turned into a migraine as the economy slipped into its second recession in four years.

Spain commemorates Occupy protests

2013-05-13 08:06

Thousands of people have been demonstrating in 12 Spanish cities to commemorate the second anniversary of the Occupy protest movement.

Letta to push anti-austerity in Germany

2013-04-30 13:33

Italy's new prime minister will face an early test of his mission to reverse Europe's austerity course as he meets German Chancellor Angela Merkel.

Eurozone unemployment hits record high

2013-04-02 12:47

Eurozone unemployment ran at a record 12% in February, with more than 19 million people on the dole as the debt crisis continued to sap the economy.

Economic gloom overshadows EU meeting

2013-03-04 07:57

Eurozone finance ministers meet against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy.

Eurozone factory output falls again

2013-01-14 13:21

Output at eurozone factories fell for the third straight month in November as the end of 2012 probably marked the deepest point in the bloc's recession.

Italian jobless ranks swell

2013-01-08 13:58

Italy's jobless rate remained at a record high in November while youth unemployment jumped to a new peak above 37%, data show.

Spain faces €207bn headache in 2013

2012-12-31 07:57

Spain has defied markets by averting a bailout but high interest rates could yet force Madrid to its knees as it confronts a €207bn financing problem.

Hurting Spaniards celebrate lottery wins

2012-12-22 16:08

Hurting Spaniards celebrate big Christmas lottery wins in more than a dozen locations

G20 flags US fiscal cliff

2012-11-04 16:28

Finance chiefs of the world's 20 leading economies have raised concerns over the US fiscal cliff and Europe's debt woes at a meeting in Mexico.

Unemployment grips eurozone

2012-10-31 12:45

Unemployment in the eurozone hit a record high in September with nearly 150 000 more jobs lost as the debt crisis continued to weigh, official data shows.

Greece faces anti-austerity shutdown

2012-10-18 07:52

Greek workers will walk off the job for the second time in three weeks, hoping to show EU leaders that a new wave of austerity cuts will only worsen their plight.

SA is Africa's biggest eurozone casualty

2012-10-12 14:46

Europe's debt crisis and China's cooling is weighing on Africa, but even a sharp worsening of the crisis won't choke off the region's growth, the IMF says.

IMF: Europe must restore confidence

2012-10-10 10:47

Europe must do more to tackle its fiscal crisis, which is heaping extra pressure on a strained global financial system, the International Monetary Fund warns.

Bailout for Spain looms

2012-09-29 23:11

After four years fighting the markets and a mushrooming economic crisis, Spain appears finally poised to cave in and apply for a sovereign bailout.

Spain, Portugal brace for more protests

2012-09-29 10:06

Authorities in Portugal and Spain are bracing for more protests by tens of thousands of people angered by government spending cuts and tax hikes.

Shares mixed, eurozone fears return

2012-09-27 07:47

Asian markets were mixed in tentative trade, with bargain hunters moving in after recent losses while fears over Spanish and Greek debt returned to the fore.

Asian shares inch lower

2012-09-13 07:58

Asian shares slipped slightly in choppy trade ahead of the US Federal Reserve's decision, but investors remained cautiously optimistic for further stimulus.

Asian shares rise before German ruling

2012-09-12 07:46

Asian shares rose to three-week highs on optimism that a German court will approve the legality of the eurozone's bailout fund.

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