Portugal court nixes parts of budget

Apr 7, 2013

Portugal court nixes parts of budget

Portugal’s constitutional court Friday rejected several aspects of the country’s belt-tightening budget for 2013, seen as crucial to austerity efforts promised to creditors by the center-right government. The court ruled that some measures in the budget were unlawful, including the scrapping of a 14th ...

Mar 27, 2013

Slovenia next in line to face debt woe

As soon as policymakers averted a crisis in Cyprus, another appears to be brewing. The latest country to provoke concern is Slovenia. The small former Yugoslav republic took a beating Friday, with long-term bond yields spiking to 5.4 percent amid fears the country would ...

Mar 26, 2013

Cyprus bailout's long-term impact uncertain

European leaders Monday hailed a last-minute bailout for Cyprus as an important step in defending their unified currency, but some officials and analysts questioned whether the deal raised new problems that could still threaten the survival of the euro. The arrangement will grant Cyprus ...

New legislators rouse Italian politics

Mar 26, 2013

New legislators rouse Italian politics

Mr. Smith went to Washington. Carlo Sibilia has come to Rome. The 27-year-old elevator salesman, who has no experience in political office, arrived in the Italian capital this month with 162 other freshman legislators from the Five Star Movement, a Web-based force whose success ...

Cyprus scrambles as ECB readies ax

Mar 23, 2013

Cyprus scrambles as ECB readies ax

The eurozone, a centerpiece of Europe’s efforts to knit its far-flung nations into a coherent whole, edged toward rupture Thursday as the European Central Bank said it was ready to pull the plug on Cyprus. The stark ultimatum came in a terse statement Thursday ...