Markets braced for shift away from austerity as Francois Hollande wins French election

Financial markets are braced for a radical shift in economic policy and fresh question marks over a eurozone break-up, as Francois Hollande moves into the Elysee Palace on Monday as the first Socialist president of France for 30 years.

Euro Drops as Slowing Growth and Elections Damp Demand

The euro slid versus the dollar by the most in almost a month and reached an 11-week low against the yen after further slowing in the region’s economies and before national elections that may result in leadership changes.

Analysis: Greek election set to rock shaky euro zone

(Reuters) - Overshadowed by the prospect of a Socialist win in France's presidential vote, the parliamentary election in Greece on Sunday carries far greater risks for the euro zone.

Eurozone jobless rate hits record high

Unemployment in the eurozone reached a record high again in March as spending cuts continued to hit the working population.

Portugal Commits to Budget Cuts

LISBON—Portugal's government Monday approved a strategic budget plan for the next four years, which includes spending limits and, as expected, commits to stringent budget deficit targets for next year.