European Union leaders are gathering in Brussels to hammer out a budget for the EU. And the task will not be easy with the continent still trying desperately to claw its way out of debt.
A meeting to agree Greece’s next round of bailout money has ended after almost 12 hours with no decision. Athens won't get vital bailout funds without an agreement.
The Spanish government is suspending foreclosures for the neediest homeowners just a week after a woman there committed suicide when officials arrived at her apartment to seize it.
There are strikes going on this morning in Greece, Spain, Portugal, Italy and Belgium. Workers are protesting all across Europe against rising unemployment and austerity.
Yesterday, the Greek parliament pushed through an extensive package of cuts and tax increases — its most aggressive austerity budget so far — in order to receive their next bailout payment.
A Greek magazine editor goes on trial today after being accused of breaking privacy laws when he published a list of prominent Greeks who allegedly evaded their taxes.
Ford has announced the closure of its last vehicle manufacturing plant in the UK. The company is reportedly shutting down a van factory and shifting production to Turkey.
For months now, Spain has been bracing itself for a bailout. While the country waits, the government has already made many of the deep budget cuts that typically come with bailouts.
