January 24, 2013

Analysis: No respite for euro zone in long rebalancing slog

LONDON (Reuters) - The euro zone crisis is entering a new, treacherous phase for governments, which can only cross their fingers that slow-burn reforms will pay off before voters get fed up with austerity and high unemployment.

January 23, 2013

Protests become way of life in Spanish recession

MADRID (Reuters) - Spanish workers are increasingly walking off the job to protest wage reductions and privatizations by the government as it tackles a steep public deficit that last year threatened to bankrupt the country.

January 21, 2013

UK PM to deliver long-awaited EU speech this week

(Reuters) - British Prime Minister David Cameron is set to deliver his hotly anticipated speech about his plans for Britain's membership of the European Union this week, Foreign Secretary William Hague said on Sunday.

January 20, 2013

IMF sees up to 9.5 bilion euro Greek funding gap in 2015-2016

WASHINGTON: The International Monetary Fund on Friday estimated that Greece faced a financing gap of between 5.5 billion and 9.5 billion euros for 2015 and 2016 and said it had assurances from Europe the aid would be forthcoming for Athens in the final years of its international bailout.

January 18, 2013

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.