Slovak PM says eurozone will not survive in current form
The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
01 October 2012
Greek PM stresses urgency of austerity deal
Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.
01 October 2012
Greek prisons groaning under austerity cuts
Austerity cuts imposed in Greece have created an explosive situation in the country's overcrowded prisons, where sanitation and food services are in disarray, insiders warn.
29 September 2012
Spain tightens austerity screw in 2013 budget
Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.
Deficit-cutting French budget to test Hollande credibility
France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.
27 September 2012
Delays have left Greece with finance gap: Lagarde
International Monetary Fund chief Christine Lagarde said Monday that delays in implementing Greece's bailout program, including privatization, have expanded the country's financing shortfall.
Belarus economy facing trouble despite Russian help
Belarus was bailed out of last year's dire economic crisis by its giant neighbour Russia but as the ex-Soviet state heads to parliamentary polls the economy is once again flirting with disaster.
21 September 2012
Protests stall US move to aid Egypt: report
The protests that erupted in Cairo over an anti-Islam Internet video have stalled talks on relieving $1 billion worth of Egyptian debt to the United States.
19 September 2012
Risks ahead if Asia to drive world growth: experts
Asia must fight complacency and transform its economic and social models if it is to keep driving global growth in years to come as Europe and the United States slow.
Obama to launch China WTO action on autos
President Barack Obama will launch a new WTO enforcement action against Chinese auto subsidies Monday, countering his Republican foe Mitt Romney's accusations that he is too timid towards Beijing.
17 September 2012
Fresh calls for inquiry into Australian currency scandal
New documents reportedly showing that Australia's central bank knew about a banknote bribery scandal before it became public raised fresh calls Wednesday for an inquiry into the allegations.
12 September 2012
Leaders, markets brace for German court's euro ruling
Germany's top court will hand down a momentous ruling on a new European crisis firewall Wednesday, in a decision with far-reaching implications for the future of the euro.
12 September 2012
Americans more likely to see selves as lower class
More Americans -- including growing numbers of young people and whites -- see themselves as members of the lower classes, according to a study released Monday.
11 September 2012
France's richest man and LVMH boss denies tax exile bid
France's richest man and LVMH boss Bernard Arnault said Sunday he was not becoming a tax exile, despite seeking Belgian nationality as Paris moves to impose a 75-percent wealth tax.