The passport-free zone is both an important symbol of Europe’s integration and a boon to its economy.
By cutting its deficit faster, Portugal avoids becoming the first country that has its budget rejected by Brussels.
Prime Minister Alexis Tsipras proposes to raise pension contributions rather than cut benefits.
German bosses worry about a slowdown in emerging markets and the anti-globalist mood in the West.
The long-term budget outlook is grim unless changes are made to America’s biggest spending programs.
François Hollande likens joblessness to a “state of emergency” but walks back earlier liberal reforms.
Russia’s rainy-day funds are running out of money, necessitating 10-percent budget cuts.
Many immigrants from the Middle East lack the skills they need to work in a rich country like Germany.