October 29, 2012

ECB's Draghi backs Schaeuble's "currency commissioner": Spiegel

(Reuters) - European Central Bank Chief Mario Draghi has thrown his weight behind a proposal by German Finance Minister Wolfgang Schaeuble to radically expand the powers of the European Union's monetary affairs commissioner.

October 28, 2012

Hungary government to take on $2.8 billion of municipal debt

BUDAPEST (Reuters) - Hungary's government will take over 612 billion forints ($2.8 billion) of local government debt in a bid to give debt-laden municipalities a fresh start, Prime Minister Viktor Orban said on Saturday.

October 26, 2012

Eurozone business activity hits fresh low

Business activity in the eurozone contracted at its fastest pace in almost three-and-a-half years in October, a survey suggests.

October 25, 2012

UK wellbeing still below financial crisis levels

A mix of deep recession and high inflation has left national wellbeing in Britain more than 13% down on its level before the global financial crisis, according to new government data.