The current and incoming head of the European Central Bank demanded on Monday that European governments quickly implement a strengthening of a regional bailout fund and press ahead with wider reforms. With
Israeli passengers said they were segregated and searched at Istanbul airport on Monday and Turkish tourists made similar complaints about treatment in Israel, accounts that further stoked a heated feud between the
Dominique Strauss-Kahn, the former IMF chief who is back home in France with his career in tatters after a sex-assault scandal, is likely to take a role in the left's 2012 election
Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank chief executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances.
Activity in Britain's dominant services sector slowed at the fastest pace in a more than a decade last month, and firms' confidence in future business weakened to a one-year low, adding to
Italy's chaotic efforts to pass a new austerity plan already included disputed figures, policy U-turns and cabinet rows even before Silvio Berlusconi's latest brush with scandal added prostitutes and wiretaps to the
Ukraine will appeal to the International Court if Russia does not offer a better deal on natural gas deliveries, and is not planning to merge its oil and gas firm Naftogaz with
Asian stocks fell and the euro slipped to a three-week low against the dollar on Monday as fears of renewed recession in the United States and sustained worries about the euro zone
Europe faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase pressure for governments to try more radical solutions. A
A downgrade of France's top-notch triple-A credit rating would cost the country 5 bln euros ($7.1 bln) per year, French Budget Minister Valerie Pecresse said on Saturday. Three major credit rating agencies
