Result Page 68 for European union news & latest pictures from ibtimes.com

Stock Market Drops After Hitting Technical Wall

U.S. stocks gave up gains on Wednesday as the S&P 500 hit a technical barrier near a nine-month high and Apple shares erased a 3 percent advance.

The Greek Protesters May Be Right; For Now, Austerity Is Bad Economics

In country after country in Europe the so-called bitter pill approach has been wholeheartedly embraced as the only solution by both conservative and leftwing governments. Problem is, it's looking more and more likely that they're wrong: as a strategy, austerity has by and large failed.

Russia Urges 'Serious' Search for Compromise with Iran

Russia said global powers must work harder to win concessions from Iran over its nuclear program, warning that Tehran's desire for compromise is decreasing as it moves closer to being able to build atomic weapons.

Greece's Finance Minister Venizelos addresses reporters during a briefing in Athens

Greece Racing the Clock to Appease Euro Zone Ministers

Cynicism towards Greece abounds across Europe.

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Luxembourg's Prime Minister and Eurogroup chairman Juncker talks with Greece's Finance Minister Evangelos Venizelos at the start of a Eurogroup meeting in Brussels

Eurozone Meeting on Greece Bailout Canceled: Is it Heading Towards Default?

Eurozone finance ministers Wednesday scrapped a planned meeting to be held in Brussels that they had called to approve the new bailout and a related debt restructuring plan.

Gold Falls as Dollar Rallies, Euro Declines

Gold dropped on Tuesday as the dollar rallied versus the euro onrenewed fears of credit downgrades in major European economies and uncertainty over Greece's bailout.

French Banks' Liabilties to Central Bank Rise

French banks' liabilities with the Bank of France hit a record high of 218 billion euros in December, of which 119.6 billion was used for monetary policy, the central bank said on Tuesday.

Man walks past Bank of Greece as cleaning works are in progress after Sunday's violent protests in Athens

Eurogroup Drops Bailout Talks as Greeks Quarrel

Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, as the cabinet in Athens argued up to the last minute on plugging a 325 million euro ($427 million)gap in its austerity plan.

The Euro sculpture in front of the ECB headquarters

European Economic Data Takes Glum Turn as Factory Output Falls

The 17 member nations of the euro common currency union, dragged down by the flagging economies of Greece, Portugal, Spain and Ireland, saw factory activity decrease more than expected in December, the statistical office of the European Union announced Tuesday.

Will Delhi Bomb Attack Hamper India’s Trade Ties with Iran?

India's determination to pursue trade with Iran despite Western sanctions could be undermined as wary exporters back away from fresh deals following a bomb attack in New Delhi blamed on Tehran, a trade association chief said on Tuesday.

ECB's Greek profit could ease debt burden: Coeure

The European Central Bank's profits from Greek bonds could be used to help restructure Greece's debt, Executive Board member Benoit Coeure said, spelling out how the ECB's funds could play a role in Athens' debt deal.

Greece Slipping Further Into Recession

GDP dropped by 6 percent for 2011 as a whole, the fifth consecutive year of economic decline.

A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Yen Down against Dollar after Bank of Japan Easing

The yen fell on Tuesday as the Bank ofJapan eased monetary policy by expanding its asset-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the euro zone crisis keep it supported as a safe haven.

Euro Rising on German Economic Data

The euro rose to a session high and shares reversed early losses after key German data bolstered hopes that Europe's largest economy was recovering and a strong Italian bond sale added to signs that financing pressures were being contained.

Traders work on the floor of the New York Stock Exchange

Stock Futures Higher After Upbeat German Data

Stock index futures edged up Tuesday after upbeat data from Germany offset ratings agency Moody's downgrade of six euro zone countries.

The Spanish flag flutters over the Colon square in central Madrid

EU to Punish Spain for Deficits, Inaction

The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation told Reuters.

Eurozone Output Falls, GDP Set to Contract

Output at factories in the euro zone tumbled in December, reflecting a sick European economy that probably shrank at the end of 2011 but it is hoped will recover this year.

U.S. Stocks Day Ahead: Retail Sales in Focus, Rating Cuts Dent Confidence

Futures on major U.S. stock indices pared earlier losses and point to a slightly higher opening Tuesday ahead of of economic data including retail sales.

EU-China Summit to Discuss Debt Crisis, Airline Tax

The summit comes a day right after Moody's downgraded its ratings for Italy, Spain and Portugal, with a negative outlook for France, Britain and Austria.

Moody's cuts ratings on Italy, Portugal and Spain, Warns UK, France and Austria: Is it Time for a Reality Check?

Moody’s has cut the debt ratings of Italy, Spain and Portugal and put France, UK and Austria on warning, saying they were increasingly vulnerable to the eurozone crisis.

Firemen hose down a burned-out shop after a night of violence following the Greek parliament approval of a deeply unpopular austerity bill in Athens

Greek Riots: 'This Was Just the Beginning'

Greek political leaders say the nation must accept yet more punishing austerity or face a social explosion, but after a night of violence and destruction in Athens, some people fear this explosion may already be about to begin.

A Spanish flag flutters over the Bank of Spain in Madrid

Fitch and S&P Downgrade Spanish Banks

Ratings agencies Fitch lowered its ratings on four big Spanish banks while Standard & Poor's cut its rating for the industry as a whole on Monday following recent sovereign downgrades and on concerns of funding difficulties and a weak economy.

Fitch, S&P downgrade Spanish banks

U.S. Eximbank Not 'Corporate Welfare' - GE's Immelt

General Electric Chief Executive Jeffrey Immelt on Monday defended the U.S. Export-Import Bank against charges the export-facilitating lender is corporate welfare and should be shut down.

Greece: European or Not?

There is another element to this ongoing drama – Greece’s resentment of Western Europe and the feeling that Greeks don’t feel like they are a part of Europe.