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VENICE, Italy – Venice, renowned for incomparable Gothic architecture and placid canals plied by gondolas that make it one of the most recognizable cities in the world, may have had enough of Italy.
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Since the Berlin Wall fell, the west has transferred some $1.8 trillion eastward – and counting. Many in other struggling regions think it's time to reconsider.
Italian Finance Minister Pier Carlo Padoan attends a Parliament session in Rome, Thursday, April 17, 2014. Italy has again pushed back its balanced-budget goal, now aiming for 2016. Finance Minister Pier Carlo Padoan wrote to the European Commission this week, saying due to Italy's stubborn economic crisis, it is now aiming for a balanced structural budget in 2016. In 2011, then-Premier Silvio Berlusconi had promised that Italy would balance its budget by 2013. But with the country mired in recession, in 2012, during economist Mario Monti's government , the date was rolled back to 2015.
Belgium has been buying up U.S. Treasurys in recent months, including $30.9 billion in February.
LONDON (Reuters) - The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests
DETAILS have emerged of debts being written off by Bank of Ireland.
A Limerick couple had €25,000 in personal loans wiped away by the bank. This represented 90pc of their unsecured debt, according to Kerry-based personal insolvency practitioner and debt manager Brian Leslie, of Prima Finance, who did the deal.
He said the couple were able to make repayments on their mortgage, which is owed to Bank of Ireland's subsidiary ICS, now that most of their personal borrowings with the bank had been written off.
European Central Bank President Mario Draghi on Saturday acknowledged the challenges of using U.S.-style bond purchases to jolt the euro zone from weak growth and said officials may instead have to consider other measures.
Police fire tear gas and make arrests as protesters clash with police over new prime minister's labour reforms.
German Chancellor Angela Merkel is headed to Athens in a sign of support for the Greek government's austerity measures. But experts warn that the country has not overcome its financial crisis.
EU scoreboard finds best transport performance in northern Europe.
Germany’s leading economic research institutes have forecast a strong rise in growth for the country’s economy, driven by robust domestic consumption. The upswing, however, is facing headwinds from government policies.
Germany's finance minister on Tuesday highlighted the progress the country has made in reducing its budget deficit and warned other European countries against easing efforts to fix their public finances.
Parliament expected to vote overwhelmingly against proposal, but Catalan government will go ahead with 9 November vote
Caterpillar, continuing a global cost-reduction drive, is seeking to stop production at its plant in Rantigny, France, about 40 miles north of Paris, and sell the facility, a spokeswoman for the company said Friday, confirming French press reports.
We wonder if, after a brief blaze of real scrutiny, people have started to look past the imposition of a negative deposit rate by the ECB in favour of the more seductive and mysterious ECB QE and how it might be constructed. And we wonder if that is something of a mistake. How a move to negative is constructed will, of course, have much to do with what it is intended to achieve -- a weaker euro at last check -- but we also can't help but think it would be cool to make sure it won't cause too much harm either. Herein lies a plan.
Cyprus Foreign Minister Ioannis Kasoulides told a German newspaper Wednesday that economic sanctions against Russia by Europe would destroy the Cypriot economy, adding that every EU state should decide separately whether they want to cut ties with Moscow.
Portugal is expected to undertake its first regular, pre-announced government bond auction since its bailout, possibly as early as next week. This would be seen as another step towards its return to full market financing.
Statistics reveal top five worst hit areas for joblessness are in Spain where almost 6 million people are without a job
Portugal plans to implement budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target set for 2015.
France already has a 35-hour work week, and a new rule is designed to make sure that it doesn't start shading toward 40 hours because of work-related e-mail.
International Monetary Fund says end of low US interest rates and sharp slowdown in China could also derail recovery
LJUBLJANA (Reuters) - Prime Minister Alenka Bratusek's Positive Slovenia party will elect a new leadership on April 25, the party said on Thursday, a move that will determine the future of Bratusek's coalition
Standard and Poor's has downgraded Finland's outlook to "negative," putting another crack in the credit image of one of the few countries to hold the top-notch "AAA" rating.
Greece wrapped up its first longer-term bond sale since its international bailout four years ago to strong demand, although the celebratory mood was marred by a predawn bomb blast in Athens.
Italian Prime Minister Matteo Renzi announced Tuesday his cabinet has approved a multiyear plan that will lead to lower growth in the short term but enhance the potential of the euro zone's third largest economy.