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Prime Minister Pedro Passos Coelho of Portugal on Tuesday defied calls for his resignation, even after his coalition government was torn by divisions over austerity policies that prompted the resignation of a second minister in two days. In a
The European Central Bank says international use of the euro slipped last year because of the debt crisis among countries that use it. The euro's share among the currency reserves held by central banks fell from 25.1 percent to 23.9 percent in 2012.
The European Commission is defending its handling of the Greek debt crisis against criticism made by the International Monetary Fund in an official report. Spokesman Simon O'Connor said Thursday the European Union's institutions were in uncharted
European Union leaders have seemingly changed their tune lately on how best to deal with the long-running Eurozone debt crisis ...It started about a month ago, with none other than European Commission President Jose Manuel Barroso. "While I think
Rising Japanese bond yields has also caused concern that higher borrowing costs for companies could undo most of the benefit of a weaker yen, he added. "Economic data out of the eurozone... hasn't helped sentiment, with German unemployment rising,"
Being pro-European is not a vote-winner in Germany' Published 16 May 2013 When it comes to European matters, election campaigns rarely provide a stage for level-headed discussion among politicians struggling for voters' attention. And Germany's
BMW AG says tough auto markets worldwide and investment in new technology dented its first-quarter earnings...The earnings figures follow a quarter in which the European car market shrank 10 percent due to the eurozone's debt crisis and recession.
The International Monetary Fund on Tuesday cut its eurozone 2013 growth forecast to minus 0.3 per cent from minus 0.2 per cent but upgraded next year to 1.1 per cent from 1.0 per cent as the debt crisis eases...In its latest World Economic Outlook
Video Economy Debt Crisis The figure was in line with the average expectations of 41 economists polled by Reuters, and confirmed Eurostat's flash inflation estimate made earlier this month. Easing inflation and the weak economy could provide added
A fresh debt crisis may break out in the short or medium term, economic experts have warned at the Boao Forum for Asia, which opened on Sunday in South China's Hainan province. The world's major economies are faced with grim economic prospects, with