UK construction faces 'decade of pain'

The construction industry in the UK will not recover its pre-recession peak level of output until 2022, says a study by an industry lobby group.

German Economy Shrank in Fourth Quarter

FRANKFURT — The German economy probably shrank in the fourth quarter of 2012, according to an official estimate Tuesday, as companies cut back investment in new plants and equipment because of uncertainty about the future of the euro zone.

Italy output drop shows economy in mire as poll looms

ROME: Italian industrial output fell a bigger-than-expected 1.0 per cent in November, suggesting the economy remains deep in recession as the country braces for a national election next month.

Germany's Not-So-Wunderbar Economy

Throughout the euro crisis, Germany has been the area’s growth engine and enforcer of fiscal rectitude. Now economists and policymakers are warning that Germany may be reverting to some old bad habits.

Greek parliament approves tax change under rescue terms

ATHENS: Greece's parliament early Saturday approved a new tax bill, part of the latest batch of fiscal reforms tied to the country's next slice of EU loans.