Moody's surprised markets on Friday by downgrading Italy's government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the euro zone
Spanish Economy Minister Luis de Guindos told a German newspaper in an interview to be published on Friday that his country would take full liability for the European loans to its banking
Bulgaria's fiscal deficit should drop below 1% of GDP this year, beating the official 1.3% target and enabling the country to avoid tapping global debt markets, Finance Minister Simeon Djankov said on
The International Monetary Fund said on Thursday it had found policy delays in a number of areas of the Greek bailout program and was open to ideas on how to reach the
Greek unemployment hit a record 22.5% in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors stay
A delay of a few months in Greece's privatisation drive means the near-bankrupt country will only be able to complete the sale of its state lottery firm and a building in Athens,
Greek unemployment hit a record 22.5 percent in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors
Nine mountain climbers were killed in an avalanche near Chamonix in the French Alps on Thursday and rescue workers were searching for four others still missing, authorities said. The most deadly avalanche
Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts on Wednesday designed to slash 65 billion euros from the budget deficit by 2014 as recession-plagued Spain struggles to
European shares fell on Wednesday after profit warnings from U.S. companies compounded fears the sluggish global economy will erode earnings, while scepticism over the euro zone's ability to tackle its debt crisis
