Europe
  • Any purchase of bonds from countries such as Spain and Italy by the European Central Bank must be linked to clear commitments to structural reform and budget discipline, German Economy Minister Philipp Roesler says.

     
    LAST UPDATE : Aug 22, 2012, 11:58 AM EDT
    Story
  • The euro zone economy narrowly skirted recession in the first half of the year, but austerity programs across the region and a debt crisis weighing evermore heavily on its periphery suggest the reprieve will be short-lived.

    LAST UPDATE : Aug 22, 2012, 2:06 AM EDT
    Story
  • Germany's economy grew slightly more than anticipated in the second quarter but a closely watched measure of investor confidence dropped unexpectedly, indicating fears are growing that the European Union financial crisis will become an increasing drag on the bloc's largest economy.

    LAST UPDATE : Aug 22, 2012, 2:06 AM EDT
    Story
  • Germany's Constitutional Court sees no reason to delay a ruling scheduled for Sept. 12 on the legality of the euro zone's permanent bailout fund and a separate pact on budget discipline.

    LAST UPDATE : Aug 22, 2012, 2:06 AM EDT
    Story
  • The Italian Treasury has paid slightly higher interest rates to borrow money for 12 months, a sign of ongoing unease over the country's public finances.

    LAST UPDATE : Aug 21, 2012, 6:13 PM EDT
    Story
  •  

    The Greek statistical authority says the country's deep recession has eased slightly, although the economy still contracted 6.2 percent in the second quarter from the same period last year.

     
    LAST UPDATE : Aug 21, 2012, 6:13 PM EDT
    Story
  • The Olympics brought less tourist money to recession-hit Britain than businesses had hoped for, a trade group said Monday, with a majority of tourist companies reporting losses from last year.

    LAST UPDATE : Aug 21, 2012, 5:13 PM EDT
    Story

Pages