The world appears to be holding its breath ahead of a vote of confidence in a small southern European country, the results of which could have serious...
Greek Prime Minister George Papandreou could leave office if a coalition government is formed following a confidence vote in parliament on Friday, acc...
The rift between David Cameron and eurozone leaders is set to widen following comments from the prime minister criticising the European Union for push...
Wednesday night's deal by the EU leaders came about as a result of the increasing Government pressure on the banks to reduce the bill run up by the Greek government. The banks accepted a "voluntary haircut" of 50% on their holdings of Greek government debt.
Herman van Rompuy, the European Council president, was keen to manage expectations on Thursday morning, saying that the agreement thrashed out by euro...
A fist fight broke out amongst deputies in the Italian parliament during a tense debate on the country’s austerity reforms, ahead of a critical meet...
Markets are holding their breath as the leaders of the European Union and 17 eurozone member states meet on Wednesday to try to thrash out the details...
Although democracy may be the least bad system of government, it does not have all the answers, particularly if the democratic desires of two or more countries are in conflict with each other.
At the time of writing, the world hasn’t ended, so Harold Camping, whose second attempt at calling the date of the apocalypse put a cross on Friday ...
Italian Prime Minister Silvio Berlusconi has won a key confidence vote in parliament, sparked by questions over his handling of the economy and person...
In 2008, panicked governments and central banks injected massive amounts of money into the economy, in the form of government spending, tax concessions, ultra low interest rates and "non-conventional" monetary strategies - code for printing money.
Markets hit 15-month lows on Monday, the first day of trading in the fourth quarter of 2011, on fears that a near-inevitable Greek default may come so...
Greece has missed a key condition of its bailout package, rattling financial markets and adding to fears that the country will not receive essential a...
DATA from underground vaults in Europe is baffling economists. Thousands of experiments have led to a startling new discovery. Money, they now believe...
The Deputy Prime Minister Nick Clegg has warned of the dangers of a "rupture" within the European Union, arguing that any hasty decisions on the Euroz...