Greek Budget Predicts Economy Will Shrink for Sixth Year

Greece’s economy will contract for a sixth year in 2013 as the government prepares further cuts to pensions, wages and social benefits to meet the terms of its bailout packages.

Spain borrowing needs rise on banks, regions; debt-to-GDP ratio to rise to 90.5 pc in 2013 vs 85.3 pc in 2012

MADRID: Spain's borrowing needs will rise in 2013 from this year as the government pours cash into its battered banking system and its cash strapped regions, the detailed budget document showed on Saturday.

Slovenia debt to rise but no bailout needed: PM

UNITED NATIONS (Reuters) - Slovenia's economy, saddled by a banking crisis, does not need a financial bailout, even though public debt levels will likely breach European Union rules in two years, Prime Minister Janez Jansa said on Friday.

Greece's 2013 budget to deepens cuts, sustain recession

ATHENS (Reuters) - Greece will unveil a draft budget for 2013 on Monday which will cut deeper into public spending to impress international lenders but also prolong the economic pain of the Greek people.

Spain Budget Concentrates on Spending Cuts Over Revenue

MADRID (Reuters) - Spain announced a detailed timetable for economic reforms and a tough 2013 budget based mostly on spending cuts on Thursday in what many see as an effort to pre-empt the likely conditions of an international bailout.