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With no clear victor, uncertainty wins Italy's election

Feb 26, 2013
Global stock markets are falling this morning after preliminary election results in Italy indicate no political party won a clear majority in parliament.
Posted In: italy, election, Europe debt crisis, austerity, Berlusconi

Europe faces up to the cost of austerity

Feb 22, 2013
Today, the European Commission said the euro zone will shrink another 0.3 percent in 2013, which is deeper and longer lasting than originally expected.
Posted In: Europe debt crisis, austerity, italy, France

The European debt crisis claims a new victim: Bulgaria

Feb 20, 2013
After clashes between police and protesters became violent, Bulgarian Prime Minister Boyko Borisov submitted his resignation today in what has become the latest example of voters rising up against budget cuts and winning.
Posted In: Europe debt crisis, austerity, bulgaria

France's president says no to 'endless austerity'

Feb 5, 2013
Francois Hollande gives his first speech to the European Parliament as head of state.
Posted In: France, Francois Hollande, austerity, Europe debt crisis

In Spain, corruption and austerity don't mix

Feb 1, 2013
A bribery scandal in Spain is threatening the government of Prime Minister Mariano Rajoy at a time of austerity and high unemployment.
Posted In: spain, corruption, austerity, Europe debt crisis

U.K. government battles to cut deficit

Jan 8, 2013
The U.K.'s coalition government has just passed the halfway point in its first term. Critics say its continuing tough talk on austerity is constraining growth.
Posted In: U.K., Britain, david cameron, deficit-cutting, austerity

Mario Monti open to leading Italy again

Dec 24, 2012
The outgoing Prime Minister of Italy, Mario Monti, has said he would would be prepared to head up any new government committed to his economic reforms.
Posted In: italy, Mario Monti, Europe debt crisis, austerity

Greece gets an upgrade but protests continue

Dec 19, 2012
Greece's credit rating just got an upgrade by Standard & Poor's. The ratings agency bumped Greece up to a solid B-. And it says that rating is stable -- meaning it won't change in the next several months.
Posted In: Greece, Standard & Poor's, austerity

Starbucks volunteers to pay more taxes

Dec 7, 2012
The company is one of a number of big U.S. businesses accused of not paying a fair share of tax on their British operations.
Posted In: UK, starbucks, corporate tax, austerity

Across Europe, workers synchronize strikes against austerity

Nov 14, 2012
Millions of workers went on strike across Europe today in protest against public spending cuts. Hundreds of flights have been cancelled, car factories and ports have been shut, and rail services disrupted.
Posted In: Greece, spain, Germany, austerity

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