Topic: Europe

Slovenia to turn center right for economic lift

LJUBLJANA (Reuters) - Slovenia voted for a new government on Sunday with the center-right opposition set to return to power on a pledge of painful reforms to halt the European Union member's slide back into recession.Prime Minister Borut Pahor's Social Democrats look ...

Italy PM meets unions ahead of crisis plan approval

ROME (Reuters) - Prime Minister Mario Monti met unions on Sunday to build support before the cabinet approves a 20-billion-euro package of austerity measures aimed at shoring up Italy's strained finances and stemming a crisis that threatens to overwhelm the euro zone.Ministers ...

Slovenia to turn centre right for economic lift

LJUBLJANA (Reuters) - Slovenia votes for a new government Sunday with the center-right opposition set to return to power on a pledge of painful reforms to halt the European Union member's slide back into recession.Once a model of successful post-communist transition, euro ...

Merkel under fire at home over eurobond stance

German Chancellor Angela Merkel's uncompromising stance on Europe's financial crisis faced mounting criticism on Saturday as senior political figures urged her to reconsider her rejection of eurobonds."One cannot categorically rule out resorting to eurobonds. They could become vital," European Energy Commissioner Guenther ...

Fed's Rosengren: Euro governments have "long way to go"

BOSTON (Reuters) - European governments have "a long way to go" in improving their fiscal positions and solving a spreading sovereign debt crisis, said Boston Federal Reserve Bank President Eric Rosengren.The euro zone's spreading sovereign debt crisis has spooked investors and rocked ...

Analysis: Crisis-hit Italy tests Fiat's allegiance

MILAN (Reuters) - Fiat SpA's five car factories in Italy are all in the red and its profits now driven squarely by U.S. affiliate Chrysler, meaning a further scaling back of its 100-year-old Italian operations -- if not a complete pullout -- ...

Analysis: Crisis-rent Italy tests Fiat's allegiance

MILAN (Reuters) - Fiat SpA's five car factories in Italy are all in the red and its profits now driven squarely by U.S. affiliate Chrysler, meaning a further scaling back of its 100-year-old Italian operations -- if not a complete pullout -- ...

IMF sees crisis boosting emerging economies role

SAO PAULO (Reuters) - The debt crisis in Europe is accelerating the shift towards a greater role for emerging economies on the world stage, Christine Lagarde, the managing director of the International Monetary Fund, said on Friday.(Reporting by Todd Benson; Writing by ...

Croatia center-left to take power as economy sinks

ZAGREB (Reuters) - A center-left opposition bloc is on course to take power in Croatia on Sunday but faces a tougher fight to revive the ex-Yugoslav republic's flagging economy before it joins the European Union in 2013.Voters look set to punish Prime ...

Croatia centre-left to take power as economy sinks

ZAGREB (Reuters) - A centre-left opposition bloc is on course to take power in Croatia on Sunday but faces a tougher fight to revive the ex-Yugoslav republic's flagging economy before it joins the European Union in 2013.Voters look set to punish Prime ...