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Portugal passes latest bailout test
Portugal's foreign bailout creditors will provide another batch of the country's €78 billion ($96 billion) rescue package after concluding the government is abiding by the terms of the loan, the finance minister and international lenders said Monday.However, the impact of austerity measures demanded by the bailout agreement and Portugal's continuing economic frailty have forced the government

German opposition seeks financial transaction tax
Germany's opposition leader says Chancellor Angela Merkel's government must introduce a financial transaction tax to secure his center-left party's support for the European Union's fiscal treaty.

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Spain PM insists on sticking to austerity measures

Spain will stick to harsh austerity measures until it emerges from financial crisis, the prime minister said Saturday, promising that the country would survive the present economic turmoil.

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Spain tries to calm investors amid market pressure

Spain insisted Friday it is financially stable because its heavily indebted regions are now meeting deficit reduction targets, but investors remained worried about the country's ability to rescue

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Spain urged to come clean on bank bailout plan

The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil

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Monti warns of backlash if debt crisis not solved

Italian Premier Mario Monti urged his European partners on Thursday to speed up measures to limit contagion from the crippling debt crisis and to stimulate economic growth — or risk a

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