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 ...

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 ...