Europe is on the hunt for 'zombie banks'

Feb 4, 2014

Europe is on the hunt for 'zombie banks'

In Europe, the zombie hunt is on — not for undead humans but for “zombie banks,” the walking dead among lenders, too financially troubled to loan money in an economy that desperately needs investment, growth and jobs. The European Central Bank, the lead crisis ...

Jan 21, 2014

Trust in government plummets in global survey

Trust in elected leaders has fallen sharply, a global survey revealed Monday, citing the protracted budget battle in Washington that nearly saw the U.S. default on its debts and Europe’s stuttering response to its debt crisis as key reasons for the drop. Ahead of ...

Jan 16, 2014

EU clinches deal on financial regs

European Union negotiators have struck a deal on the outlines of a new regulation covering a wide array of financial instruments and markets, including provisions to curb food speculation and tighter controls on the power of computers to make trading decisions. The regulation agreed ...

World economy still being propped up by extraordinary aid

Nov 12, 2013

World economy still being propped up by extraordinary aid

Five years after the global financial crisis erupted, the world’s biggest economies still need to be propped up. They’re growing and hiring a little faster and creating more jobs, but only with extraordinary aid from central banks or government spending. And economists say major ...

Repeat-heavy new TV channel dismissed as second-rate by Greeks

Jul 12, 2013

Repeat-heavy new TV channel dismissed as second-rate by Greeks

The controversy over Greece’s shock shutdown of state broadcaster ERT took a comic twist this week when the government set up a court-ordered rival channel, airing stock footage swiftly dismissed as second-rate by viewers. The new public channel was initially called EDT (Hellenic Public ...

U.K. government vows to jail reckless bankers

Jul 9, 2013

U.K. government vows to jail reckless bankers

The British government Monday pledged to jail bankers found guilty of reckless misconduct, backing a recommendation contained in a report written by a panel of cross-party lawmakers. The Parliamentary Commission on Banking Standards, established by the coalition government after the Libor rate-rigging scandal last ...

Portugal's baby bust feeding vicious cycle

| Jul 3, 2013

Portugal's baby bust feeding vicious cycle

by Anthony Faiola

For an enterprise in the business of welcoming life, the birthing ward inside Portugal’s largest maternity hospital is eerily quiet. On a recent morning, not a single expectant father nervously paced the orange laminated floors. Unhurried nurses shuffled by rows of darkened rooms with ...

Slovenia may fail to avoid bailout despite austerity plan

May 15, 2013

Slovenia may fail to avoid bailout despite austerity plan

The European Union’s top economic official warned Monday that Slovenia may not have done enough to escape becoming the eurozone’s sixth bailout case. Speaking after talks among eurozone finance ministers in Brussels, EU Economy and Euro Commissioner Olli Rehn said a decision on the ...

May 1, 2013

France seeks to ax military jobs but keep clout

France plans to ax nearly 10 percent of all jobs in the armed forces but maintain significant spending as it tries to maintain its status as a top military power, a government review showed Monday. The white paper, which sets the general direction of ...