Swiss Economy Unlikely To Slip Into Recession - UBS's Weber

The Swiss economy is unlikely to slip into a recession with gross domestic product probably moving sideways in coming months, UBS AG (UBS) Chairman Axel Weber said Friday.

Greece will run out of money at the end of November: Prime Minister Antonis Samaras

BERLIN: Greece will run out of money at the end of November if it doesn't receive the next planned installment of its bailout loans, the country's prime minister has said.

French Economy Stagnates as State Spending Prevents Recession

The French economy will fail to grow in the second half, extending stagnation to five quarters, national statistics office Insee predicted yesterday.

Debt crisis: Spain's forecasts are 'optimistic', says Governor of the Bank of Spain

The Governor of the Bank of Spain warned that Madrid’s financial forecasts are “optimistic” adding to the mounting pressure on Mariano Rajoy from European Central Bank and the International Monetary Fund.

Portugal announces higher taxes as strike is called

Portugal has announced several new austerity measures, which were met with a call for a huge strike next month.