Topic: Western Europe

Hong Kong has overtaken the United States and Britain to rank top in a World Economic Forum survey on countries' financial health published on Tuesday.Strong scores in non-banking financial services such as initial public offering (IPO) activity and insurance helped lift Hong ...

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 ...

PARIS (Reuters) - France and Germany want a new EU framework to speed up progress towards a common corporate tax base and a financial transaction tax as well as convergence of financial regulation and labor market policies, a Franco-German letter sent on ...

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 ...

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 ...

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 ...

The government slashed its growth outlook on Tuesday, blaming the impact of the eurozone debt crisis, and unveiled a £30-billion infrastructure scheme to help kickstart the economy.Finance minister George Osborne, delivering his autumn statement to parliament, insisted however that there would be ...

The British government slashed its growth outlook on Tuesday, blaming the impact of the eurozone debt crisis, and unveiled a £30-billion infrastructure scheme to help kickstart the economy.Finance minister George Osborne, delivering his autumn statement to parliament, insisted however that there would ...

LONDON (Reuters) - Britain's coalition government unveiled sharply lower economic growth forecasts on Tuesday and said it would take much longer than hoped to wipe out its deficit, meaning tough austerity measures would extend beyond the next election due in 2015.Finance Minister ...

LONDON (Reuters) - The British government unveiled sharply lower economic growth forecasts on Tuesday and said it would take longer than hoped to wipe out its deficit, meaning that tough austerity measures would extend beyond 2015.Finance Minister George Osborne warned that the ...