Topic: Southern Europe

Struggling to stay above water

WASHINGTON (Reuters) - The world economy is on a slippery slope. The euro zone appears to have tipped into a mild recession and the rest of the global economy is struggling to hold onto firm ground.China is slowing, Japan's exports are tumbling. ...

Belgian parties reach 2012 budget deal

Belgium fell in behind model eurozone pupils Italy and Greece on Saturday, its feuding politicians ending 19 months of deadlock with an 11th-hour budget deal that met EU strictures hours after a brutal downgrade."There is an agreement," French-speaking Socialist premier-to-be Elio Di ...

New Italy PM wins confidence vote on tough reform plans

ROME (Reuters) - Italian Prime Minister Mario Monti comfortably won a vote of confidence in his new government on Thursday after promising rigor and fairness in painful reforms to dig the country out of a financial crisis that threatens the entire euro ...

Emergency post-election measures won't save Spain

MADRID (Reuters) - Spain's new government may rush through emergency measures immediately after Sunday's parliamentary election, but unless the euro zone finds a durable systemic solution to its debt crisis, Madrid will still be forced to seek a financial rescue.The center-right People's ...

Analysis: Emergency post-election measures won't save Spain

MADRID (Reuters) - Spain's new government may rush through emergency measures immediately after Sunday's parliamentary election, but unless the euro zone finds a durable systemic solution to its debt crisis, Madrid will still be forced to seek a financial rescue.The center-right People's ...

France and Germany clash over ECB crisis role

PARIS/ROME (Reuters) - France and Germany, Europe's two central powers, have stepped up their war of words over whether the European Central Bank should intervene more forcefully to halt the euro zone's debt crisis after modest bond purchases failed to calm markets.Facing ...

Euro zone looks to Italy, Greece moves to ease crisis

ROME/ATHENS (Reuters) - The euro zone looks for some respite on Wednesday, with Italy due to unveil a technocrat-led cabinet and a new Greek coalition expected to win a confidence vote, as Europe battles to prevent its debt woes from dragging down ...

Euro zone barely grows in Q3, downturn seen

BERLIN/PARIS (Reuters) - The euro zone economy grew just 0.2 percent in the third quarter as Germany and France posted solid growth but countries at the sharp end of the debt crisis fared much worse, and analysts expect bleaker times ahead across ...

Germany, France post solid growth, outlook bleaker

BERLIN/PARIS (Reuters) - The euro zone economy grew just 0.2 percent in the third quarter as Germany and France posted solid growth but countries at the sharp end of the debt crisis fared much worse, and analysts expect bleaker times ahead across ...

New Italian, Greek governments race to limit damage

ROME/ATHENS (Reuters) - Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent ...