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Austrian minister says Italy too may need bailout

YoopyaJun 12, 20120

(Reuters) – Raising the stakes in Europe’s debt crisis, Austria’s finance minister said Italy may need a financial rescue because of its high borrowing costs,

Ex-British PM contradicts Murdoch claim to inquiry

YoopyaJun 12, 20120

(Reuters) – Former British Prime Minister Gordon Brown flatly contradicted media tycoon Rupert Murdoch at a judicial hearing on Monday, suggesting the News Corp chief

Spain told it will be under “troika” supervision

YoopyaJun 11, 20120

(Reuters) – Spain faces supervision by international lenders after a bailout for its banks agreed at the weekend, EU and German officials said on Monday,

French Vote Raises Socialists’ Hopes for Majority in Parliament

YoopyaJun 11, 20120

PARIS — President François Hollande’s Socialist Party and its allies appeared to be on course Sunday night for a majority in the French National Assembly

Spain’s Premier Steps Up, With Caveats for Europe

YoopyaJun 11, 20120

MADRID — Spain’s agreement to take a European bank bailout pushes the country into a pivotal role in determining how — and if — the

Spain to seek bailout up to 100 billion euros in days: sources

YoopyaJun 9, 20120

(Reuters) – Spain will request aid from its euro zone partners of up to 100 billion euros but not until it has a clearer idea

Exclusive: Spain to request EU bank aid on Saturday: sources

YoopyaJun 8, 20120

(Reuters) – Spain is expected to request European aid for its ailing banks at the weekend to forestall worsening market turmoil, becoming the fourth and

Insight: In Greece, a painful return to country roots

YoopyaJun 8, 20120

(Reuters) – Thirteen years after abandoning rural Greece for a career in graphic design, Spiridoula Lakka finds herself in the last place she expected to

Euro, shares gain on Spanish banks, stimulus hopes

YoopyaJun 7, 20120

(Reuters) – The euro was at a one-week high and European shares extended their gains on Thursday as the appetite for risk assets improved on

EU, Germany exploring Spanish rescue

YoopyaJun 6, 20120

(Reuters) – Germany and European Union officials are urgently exploring ways to rescue Spain’s debt-stricken banks although Madrid has not yet requested assistance and is