ATHENS: Greece's foreign lenders have refused to make any further concessions on changes to labour laws contested by a junior coalition partner, the country's finance minister said on Sunday, prolonging an impasse on a crucial austerity package.
October 30, 2012
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 27, 2012
Spain jobless rate hits new high in third quarter
About a quarter of working-age people in recession-hit Spain are unemployed, new figures have shown.
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.
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