Greece's creditors have lined up law firms Allen & Overy, White & Case and advisory firm Blackstone to negotiate over the country's debt restructuring, two sources familiar with the situation told Reuters.
Bulgaria's jobless rate rose to 10% in November from 9.6% in the previous month, the labour ministry said on Wednesday. The number of registered unemployed Bulgarians in November rose by 13,152 people
Almost a quarter of the European Union's 500 mln people have never used the Internet and there is a widening division between the web-savvy north of Europe and the poorer south and
Three gambling groups have expressed interest in buying Greece's state lotteries, the privatisation agency said late on Tuesday, in a sign that the Athens government's stumbling asset sales programme may be making
Germany's economy could lose momentum over winter and will grow just 0.4% next year, the Ifo institute said on Wednesday, as uncertainty over the euro zone crisis and a global economic slowdown
Europe can emerge stronger from its debt crisis if governments show patience and follow through on their plan to integrate their economies, German Chancellor Angela Merkel said in a speech in parliament
From the Arab Spring to the Occupy Wall Street movement, "The Protester" was named Time magazine's 2011 Person of the Year on Wednesday. Time defines the Person of the Year as someone
The Cyprus president’s siblings, Christina and Christos Christofias, were caught on camera by the daily Phileleftheros (far right and far left of photo) as leading the demonstration in front of parliament on
Greece's largest lender National Bank will seek shareholder approval on December 22 for an issue of preferred shares to the state, raising up to 1.0 bln euros to boost its liquidity and
A number of reservations raised by the reinsurers in London seem to have been lifted and the Electricity Authority of Cyprus should receive its first payment of 10 mln euros towards repair
