Greek Prime Minister Antonis Samaras is calling on manufacturers of traditional foods and beverages, from fish-roe producers to honey makers, to play a bigger role in transforming the country into an export economy.
Portugal's central bank issued a resounding warning Thursday to the government and banks that while the country has successfully exited a €78 billion ($106.6 billion) bailout program, much more needs to be done to put the economy on the right track.
The EU was designed to bind a continent together in peace. It transformed Europe politically and economically, but now critics rage at waste, austerity economics and a democratic deficit. Ahead of European elections, Julian Coman travels to Italy, France and Belgium to find out: is the postwar dream over?
LISBON (Reuters) - Portugal said on Sunday it would exit its three-year 78-billion-euro bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity
Next week's European parliamentary elections have turned into a showdown between Italian Prime Minister Matteo Renzi and the anti-establishment movement of comic Beppe Grillo that could decide the future of the government.
While the euro zone's planned banking union will help to restore trust in the currency bloc's banks, it also carries a number of risks, European Central Bank governing council member Ewald Nowotny said.
Italy’s Prime Minister Matteo Renzi spoke to TIME on April 24 in his first interview with a non-Italian news organization since becoming premier in February. The conversation touched on a wide range of topics, from his plans to reform the Italian political system to his desire for a United States of Europe
Analysts and investors are gearing up for more action in the form of a rate cut or even a more structured quantitative easing program later in the year from the European Central Bank. BlackRock says the meeting to watch is the one in June, not next week.
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