(Reuters) - Italy's lower house of parliament on Thursday approved a package of budget measures including a sales tax hike and a cut in some payroll taxes, aimed at helping the government reach its deficit-cutting targets.
November 25, 2012
November 24, 2012
EU budget summit ends without deal
The Brussels summit has ended without agreement on the 27-strong union's next seven-year budget.
November 23, 2012
Euro-Area Services, Manufacturing Contract for 10th Month
Euro-area services and manufacturing output shrank for a 10th month in November as the debt crisis hurt confidence, underscoring divergences in the global economy as China’s factories showed the first growth in more than a year.
November 21, 2012
France is Downgraded, Europe Goes 'From Bad to Worse'
It was bad news for France, but probably worse news for France’s neighbors: Late on Nov. 19, Moody’s Investors Service (MCO)stripped Paris of its AAA bond rating.
November 20, 2012
Greece Pushes Through Last Minute Reforms
ATHENS--Greece used special powers to pass a law introducing reforms demanded by international creditors in exchange for the country's next aid tranche in time for Tuesday's Eurogroup meeting.
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