Portugal’s prime minister said on Saturday that the government aimed to slash 30,000 public sector jobs as part of a sweeping package of spending cuts to satisfy international creditors.
Dubbed an “anti-Merkel” result, the German chancellor has refrained from commenting publicly on the Italian elections’ outcome but two top-table officials stressed it was paramount for Rome to...
To have any chance to govern, Bersani's bloc needs to bring in Grillo or join with former prime minister, Silvio Berlusconi, who lost to Bersani by less than half a percentage point in the lower...
EU leaders finally reached a seven-year budget accord Friday after marathon talks driven by sharp differences over the bloc’s priorities for the rest of the decade.
A vital US$4.8 billion (HK$37.2 billion) International Monetary Fund loan to Egypt will be delayed until next month, its finance minister said yesterday, intensifying the political crisis gripping...
Crushed by an austerity squeeze and towering unemployment, millions of Europeans joined the ranks of the newly poor this year in a crisis that showed no mercy for the old, women or children.
Finance minister George Osborne yesterday warned Britons that they faced an extra year of austerity measures, saying that reversing belt-tightening plans now would be a "disaster".
One certainty about life, in addition to Keynes' death and taxes, is that everything changes. And no more so than in the financial environment.
Britain's government will slash the welfare bill by a further £10 billion (HK$125 billion) as it seeks to tame a massive deficit, finance minister George Osborne said yesterday.
Tens of thousands of left-wing protesters took to the streets of Paris on Sunday to denounce EU-driven austerity measures being pushed on member states.
Two of Italy’s biggest unions marched through Rome on Friday to protest against Prime Minister Mario Monti’s cuts in public spending as opposition grows to austerity policies.
France on Friday unveiled action to plug a 37-billion-euro hole in its public finances with the toughest package of tax rises and spending cuts since the economic downturn.