Thousands of workers from all walks of life in Portugal gathered Saturday in downtown of capital Lisbon in a fresh protest against the government's austerity measures aimed at winning...
(VOVworld) – Demonstrations in Spain and Portugal are spreading and likely to become riots in protest of government measures to raise taxes and cut spending as conditions of an international bailout. Following the...
(VOVworld) - Late last week, Eurozone Finance Ministers agreed to lend Spain 125 billion USD to rescue its banking system even though the financial condition of the European Financial Stability Facility (EFSF) and the European...
(VOVworld) - Francois Hollande’s victory in last week’s presidential election will have profound impact on not only France, Europe’s 2nd biggest economy, for the next 5 years, but also...
(VOVworld)-Europe’s public debt crisis is experiencing new difficulties in the wake of the presidential election in France. The situation is deteriorating. Dutch Prime Minister Mark Rutte resigned...
Standard and Poor’s downgraded the credit ratings of nine euro-zone countries last week, making big news on a Black Friday the 13th. The rating downgrade hammers the...
January 1st 2012 marked a decade of the existence of the euro. In contrast to the excitement of the currency’s launch a decade ago, Europe is now fearing a...
Italian Premier Mario Monti has submitted to the Parliament a new austerity program focusing on reducing public debt. Monti’s new unity government is expected to breathe new life...