Topic: Western Europe
Britain's debt burden will be put on an "unsustainable upward" path should the state fail to raise taxes and cut public spending faced with an ageing population, a budget watchdog warned on Wednesday."The public finances are likely to come under pressure over ...
BRUSSELS (Reuters) - European Council President Herman Van Rompuy has convened an emergency meeting of top EU officials for Monday morning to discuss efforts to assemble a second rescue package for Greece and growing concerns about market pressure on Italy, three EU ...
Germany's Constitutional Court opened new hearings Tuesday on challenges to the legality of Berlin's involvement in debt rescue loans for Greece and other struggling eurozone countries.An adverse ruling could potentially call into question plans for a permanent EU bailout mechanism but most ...
About 10 percent of European insurance companies tested do not have enough capital to withstand exceptional economic shocks, results published by the sector regulator showed on Monday.But with a success rate of 90 percent, "overall, the European insurance sector remains robust in ...
BRUSSELS (Reuters) - Jean-Claude Trichet scotched speculation on Thursday that the European Central Bank may delay interest rate rises because of Greece's plight and the contagion threat it poses, saying the bank was in "strong vigilance" mode."The current monetary policy is accommodative ...
BERLIN (Reuters) - German political leaders clashed with the head of the country's largest bank on Wednesday over regulation of the financial sector and the role Greece's private creditors are being asked to play in a new aid package.In an unusually blunt ...
DUBLIN (Reuters) - Europe is more concerned about the fallout on Spain and other large euro zone economies from the Greek financial crisis than on Ireland and Portugal, which are already receiving emergency funding, the Irish finance minister said on Sunday.Investors pushed ...
ROME (Reuters) - Europe risks wasting more money for nothing if it keeps pumping billions into the ailing Greek economy, the head of Pimco, the world's largest bond fund, said in an interview published on Sunday."After a year, every indicator has unfortunately ...
JAKARTA (Reuters) - G20 member Indonesia threw its backing behind France's Christine Lagarde for the head of the IMF on Sunday, marking her first public endorsement from a major emerging market and padding her lead in a three-way race.Indonesia has previously been ...
Eurogroup head Jean-Claude Juncker on Saturday backed Germany's proposal of a "soft restructuring" of Greece's debt with a voluntary contribution from private-sector creditors."There will be no total restructuring," he told a German radio station. "The governments are agreed on that, ECB support ...