Eurozone
  • Europe tempers power of agency to shut troubled banks

    Europe tempers power of agency to shut troubled banks

    By John O'Donnell, Reuters

    BRUSSELS (Reuters) - The European Commission proposed on Wednesday creating an agency to salvage or shut failed banks, but the absence of an immediate backstop fund to pay for a clean-up means it may...

  • Ex-minister found guilty over Cyprus munitions blast

    Ex-minister found guilty over Cyprus munitions blast

    By Michele Kambas, Reuters

    NICOSIA (Reuters) - A former Cypriot defense minister was found guilty of manslaughter on Tuesday over a deadly munitions blast two years ago that killed 13 people and crippled the economy in the...

  • Germany defends 'strictly legal' cooperation with NSA

    Germany defends 'strictly legal' cooperation with NSA

    By Stephen Brown, Reuters

    BERLIN (Reuters) - Angela Merkel's government said on Monday that its cooperation with American intelligence was fully regulated by strict legal guidelines after a magazine reported that the U.S...

  • Back from the brink in Portugal, but risks loom

    Back from the brink in Portugal, but risks loom

    By Shrikesh Laxmidas, Reuters

    LISBON (Reuters) - Portugal's coalition partners healed a perilous internal rift with a cabinet reshuffle that offers temporary stability, but the result is still likely to test Lisbon's relations...

  • Polish PM Tusk loses bellwether regional election

    Polish PM Tusk loses bellwether regional election

    By Reuters

    WARSAW (Reuters) - The party of Polish Prime Minister Donald Tusk lost an election for mayor of a provincial city that had been one of his strongholds, a sign of the toll the economic slump is taking...