austerity measures

Greece may need a third bailout package

Greek Finance Minister Yannis Stournaras has said the country may need a third bailout but would not accept new austerity…

11 years ago

OECD revises eurozone growth forecasts

The OECD has revised its growth forecasts for the eurozone and called on the European Central Bank to consider doing…

11 years ago

Rome: Thousands rally to oppose Italy’s austerity measures

Thousands of protesters, led by trade unionists, have rallied in Rome against the policies of Italy’s new coalition government. Wielding…

11 years ago

Portugal to cut 30,000 civil service jobs and to raise retirement age by one year to 66

Portugal plans to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as…

12 years ago

Italy election results: Split vote leads to stalemate

Italy's parliamentary elections have ended in stalemate and the possibility of a hung parliament. With all domestic votes counted, Pier…

12 years ago

PM Mariano Rajoy denies Spanish media corruption claims

Prime Minister Mariano Rajoy has strongly denied Spanish media claims that he and other members of the governing Popular Party…

12 years ago

EU workers stage protests and strikes against austerity measures and rising unemployment

Workers across the European Union are staging a series of protests and strikes against austerity measures and rising unemployment. General…

12 years ago

Greece parliament backs new austerity measures plan despite violente protests

Greek parliament has narrowly backed a fresh round of austerity measures, despite violent protests across the country. The austerity package…

12 years ago

Greece in 48-hour general strike against a new wave of spending cuts

Greece is braced for a 48-hour general strike across public and private sectors in protest at a proposed new wave…

12 years ago

Greece jobless rate hit a record 25% in July

Latest official figures show that unemployment in Greece hit a record 25.1% in July, with the level among young people…

12 years ago

Standard & Poor’s cuts Spain’s credit rating from BBB+ to BBB-, one level above junk status

Ratings agency Standard & Poor's has downgraded Spain's credit rating, highlighting a deepening recession and mounting pressure on Madrid's finances.…

12 years ago

Angela Merkel pledges Germany’s continuing support for Greece during Athens visit

Chancellor Angela Merkel has pledged Germany's continuing support to Greece, during her first visit to Athens since the eurozone crisis…

12 years ago

Spain 2013 austerity budget to be set out today

Spain will set out today its austerity budget for 2013, against a backdrop of a deteriorating economy and 25% unemployment…

12 years ago

Spain GDP shrinks significantly

Spain’s economy continued to shrink at a "significant rate" in the third quarter, the Bank of Spain has said. Spain…

12 years ago

Greece asks for more time to implement tough spending cuts and reforms

Greek Prime Minister, Antonis Samaras, has called for more time to implement tough spending cuts and reforms, ahead of talks…

12 years ago

Romania votes on President Traian Basescu’s impeachment

Romanians are voting in a referendum on whether to impeach President Traian Basescu. Traian Basescu has already been suspended by…

12 years ago

Spain unveils new austerity measures

Spain’s Prime Minister Mariano Rajoy has begun addressing parliament, setting out a new raft of austerity measures aimed at balancing…

12 years ago

Romanian President Traian Basescu suspended. Poll on his impeachment expected on July 29

Romanian MPs have voted with a large majority to impeach the country's president, Traian Basescu. President Traian Basescu faced allegations…

12 years ago

Greece elections 2012: world leaders welcome New Democracy victory

World leaders have welcomed the narrow election victory of Greece's broadly pro-bailout New Democracy party and urged Athens to form…

12 years ago

Greece elections 2012 exit poll 75%

Right-wing New Democracy and left-wing Syriza parties are almost neck-and-neck after Greek parliamentary elections, according to the first exit polls.…

12 years ago

Greece election: parties are making their last pitch for votes ahead of Sunday’s poll

Parties in Greece are making their last pitch for votes ahead of a repeat election on Sunday seen as crucial…

12 years ago

George Soros warns European leaders over a three-month window to save the euro

George Soros warns European leaders they have a "three-month window" to save the euro. The billionaire investor said he believed…

12 years ago

European markets fall as concern continued over Greece and Spain

European stock markets had a shaky start on Friday as concern continued over Greece and Spain. Spain's main share index…

12 years ago

Greek coalition fails to form an emergency government to avoid new elections

Greek moderate Democratic Left party says it will not join pro-bailout parties in a coalition without the more radical far…

12 years ago

Euro fell against USD and GBP following French and Greek election results

Euro fell against the dollar and the pound on Monday following French and Greek election results, which cast doubt on European…

12 years ago