Eurozone

Budget Battles

  • Europe's Juggling Act: Cuts, Tax Hikes, Bailouts

    By Patrick Smith

    On the face of it, last week did not look like a very good one for Europe—not if you think it is time to push growth as well as fiscal discipline. Just days after Spain announced a $79 billion...

  • Greece now in "Great Depression", PM says

    Greece now in "Great Depression", PM says

    By Reuters

    ATHENS (Reuters) - Greece is in a "Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former U.S. President Bill Clinton on Sunday. Samaras...

  • Can the Olympic Flame Heat Up Britain’s Economy?

    By Yuval Rosenberg

    British Prime Minister David Cameron earlier this month said he was confident that the U.K. economy could get a $20 billion boost as a result of the Olympics. Analysts aren’t quite as optimistic.

  • Spanish protests swell as jobless march on Madrid

    Spanish protests swell as jobless march on Madrid

    By Sarah White, Reuters

    MADRID (Reuters) - Hundreds of unemployed Spaniards who had walked hundreds of miles to Madrid joined protests on Saturday against Prime Minister Mariano Rajoy's government and its handling of an...

  • Private firms tout Iran oil cheap to beat sanctions

    Private firms tout Iran oil cheap to beat sanctions

    By Jessica Donati, Reuters

    LONDON (Reuters) - Obscure private firms are offering Iranian crude oil at steep discounts to European oil traders as Tehran seeks ways to restore oil export flows hit by Western sanctions. Traders...