Topic: Europe

Analysis: Growth to bear brunt of euro crisis cure

LONDON (Reuters) - Europe's economic prospects next year are so bleak that 2011, for all the euro's agonies, has every chance of being remembered fondly.In forging a fiscal compact that aims to put the single currency on a firmer long-term footing, euro ...

US praises progress in EU debt summit

The United States on Friday said signs of progress in the fight to end the eurozone debt crisis were "a good thing" but added that work remained to be done."There has been some progress and that's a good thing," said White House ...

China's stone workshops silenced by European crisis

DANGCHENG, China (Reuters) - Mournful ancient Roman lovers, a boy Mozart and half a dozen angels lie in weeds behind the padlocked gates of an abandoned sculpture workshop in Dangcheng town, victims of economic waves rippling across the world to this corner ...

Companies sit on $2.12 trillion in cash in third quarter

WASHINGTON (Reuters) - U.S. companies sat on their largest pile of cash on record during the third quarter, providing a substantial buffer against any blow that might come from Europe's debt crisis, data from the Federal Reserve showed on Thursday.Non-financial corporate businesses ...

Airlines brace for heavy Europe crisis impact

GENEVA (Reuters) - Airlines worldwide face over $8 billion in losses next year if Europe's politicians fail to get to grips with the region's debt crisis, the industry's leading trade group warned on Wednesday.A collapse of efforts to shore up the euro ...

France vows powerful summit deal

PARIS (Reuters) - The leaders of France and Germany will not leave this week's EU summit until a "powerful" deal is reached to arrest the euro zone debt crisis, Paris said on Wednesday, as latest borrowing figures exposed the stressed state of ...

China pledges support for EU action on debt

China pledged support Tuesday for European action on the sovereign debt crisis and expressed hopes that an EU summit this week can help stabilise markets and stop it from spreading."The Chinese side will continue to support the building of a unified Europe ...

Slovenia mayor faces tough coalition talks

LJUBLJANA (Reuters) - Slovenia tasked the mayor of its capital city on Monday with establishing a government to stop the euro zone member's slide back into recession, and he faces potentially weeks of tough coalition talks.The European crisis claimed its latest scalp ...

Slovenia asks mayor to form recession-busting coalition

LJUBLJANA (Reuters) - Slovenia tasked the mayor of its capital city Monday with forging a government to halt the euro zone member's slide back into recession, and he faces potentially weeks of tough coalition talks.The European crisis claimed its latest scalp Sunday ...

Ljubljana mayor wins Slovenia election upset

LJUBLJANA (Reuters) - The centre-left mayor of Slovenia's capital Ljubljana won a narrow victory in a parliamentary election on Sunday, making the outgoing Social Democrats the latest casualties of the euro zone economic crisis.The defeat for Prime Minister Borut Pahor was expected, ...