In Spain, the prime minister pledged spending cuts and a banking-system cleanup, while in Italy, the prime minister called for “efforts in favor of growth.”

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  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailoutCyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demandBaby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour busSwedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
  • Moody’s downgrades Egypt, forecasts 40-per-cent chance of default
    Analysts, however, were not too surprised by the downgrade as uncertainty about whether Egypt will secure an IMF loan – which will require tough austerity measures Cairo is reluctant to introduce for fear of further unrest – has dragged on for months.
    03/20/2013 - 1:00 pm | View Link
  • Daily Pfennig: Fitch Downgrades Japan…
    The Chinese announcement also helped the Aussie and kiwi dollars… I think though, that today is going to be a tough row to hoe for the currencies, as the European Union Summit ... EU member to sign on to the “austerity is the best program” until ...
    05/22/2012 - 3:52 am | View Link
  • Fitch Downgrades Five Greek Banks Including National Bank Of Greece
    Edgy markets and analysts fear a victory by parties opposed to austerity commitments could spur bailout creditors to stop the flow of rescue loans. Many argue that this would ... will be on Germany and other European leaders for signs that they will ...
    05/18/2012 - 5:46 am | View Link
  • Eurozone crisis live: Fitch downgrades Greece on euro exit fears
    The ratings agency said that there was a heightened risk that next month's election will lead to a government that does not support the current austerity ... European Union will do all it takes to ensure it. Barroso also sent a signal to Greece's leaders ...
    05/17/2012 - 6:43 am | View Link
  • European Leaders Use Debt Downgrades to Argue for Austerity, and for Stimulus
    FRANKFURT — European leaders sought to limit damage from a ratings agency’s downgrade of nine countries on Friday, or even turn the news to their advantage, saying that it showed the need to impose more austerity or else do more to stimulate growth.
    01/14/2012 - 4:30 pm | View Link
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    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    10/10/2015 - 8:41 am | View Website
  • Greece: The Negotiation That Never Happened… | naked ...
    Yves here. Regular readers have heard me express considerable frustration with how Greece’s ruling coalition has handled its negotiations with the creditors.
    10/10/2015 - 6:18 am | View Website
  • The European Debt Crisis: A Beginner's Guide
    If you answered "yes" to either of the above, then the Europe situation probably has bearing on your life. Here's a quick explanation of what's happened.
    10/10/2015 - 3:05 am | View Website
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    The FP Top 100 Global Thinkers. Foreign Policy presents a unique portrait of 2011's global marketplace of ideas and the thinkers who make them. By Kedar Pavgi Kedar ...
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