Greek Parliament Approves Second Bailout

ATHENS—Greece's Parliament approved a new international bailout deal, which will see the crisis-hit country receive an additional €172 billion ($227 billion) in rescue loans, setting the stage for a round of harsh measures that the country's international creditors have set as a precondition for the funds.

Italy's Monti faces vital test on labor reform

ROME (Reuters) - Prime Minister Mario Monti began a final push on Tuesday to forge a deal with trade unions on labor reform that is a crucial test of his ability to revive Italy's chronically uncompetitive economy.

Euro-crisis dilemma: austerity vs. stimulus

LONDON (MarketWatch) — Spanish Prime Minister Mariano Rajoy has reopened a debate as old as the euro crisis or, indeed, debt crises themselves: Cut spending to reduce public deficits or spend to stimulate growth.

IMF warns date for passing quota reforms nearing

WASHINGTON: The International Monetary Fund on Friday warned that endorsements of its 2010 plan to double its resources remain far shy of what is necessary for approval.

UK looks set to avoid double-dip recession … with debt-fuelled recovery

Wage inflation (excluding bonuses) is running at an annual rate of 1.7% – price inflation is almost double at 3.6%.