What Austerity? France, Spain Don’t Cut But Tax
The two European countries are raising taxes without reducing government spending.
Southern Europe
Spain Plans More Austerity, But Regions Rebel
Madrid is struggling to balance spending as its provinces grow restless.
Opposition to Euro Membership Growing in Italy
Fringe parties in Italy are advocating a withdrawal from the single currency area.
Spain Bringing Stormy Economic Weather This Summer
The European Central Bank is expected to help Spain address its economic woes.
Greek Leaders Debate Cuts, Debt Restructuring Looms
With Greece’s leaders close to a budget deal, European officials consider further debt reduction.
Berlusconi Plans to Save Italy, Could Save Monti
The former prime minister wants to reclaim his office. He could end up rescuing his successor.
Spain’s Rajoy Announces More Cuts, Tax Increases
The Spanish leader unveils “necessary” austerity measures to bring spending in line with revenue.
Spain Trying to Tax Its Way Out of Recession
Spain sacrifices long term economic progress to short term deficit reduction.
Milošević Loyalists Form Pro-Russian Coalition in Serbia
Nationalists and Socialists form a coalition government in Serbia headed by former Milošević allies.
Greeks Seek Easing of Bailout Terms, Germans Wary
Greece’s ruling parties want more time to reduce the nation’s budget shortfall.
Southern Europe’s Woes, Failure of the Welfare State?
Germany, the Netherlands and Sweden are welfare states too yet their economies are highly competitive.
Three-Party Coalition Likely After Greek Election
Conservatives and socialists will try to form a government with the Democratic Left.
Greek Conservatives Projected to Win Election
The parties that want to keeping Greece in the euro win a majority in the election.
Irish, Portuguese Toughen It Out While Greeks Rage
Irish and Portuguese voters appear to have resigned to austerity, unlike the Greeks.
Italy’s Monti Urges Political Support for Reforms
Italy has time, but it cannot afford to waste it. The reforms Mario Monti calls for are long overdue.