George Papandreou, the embattled Prime Minister of Greece, has offered to resign to pave the way for a national unity government, according to various sources, as the Athens parliament prepares to enact more unpopular austerity measures.
Palash Ghosh
Jun 15, 2011
Public discontent over the Spanish government’s severe austerity program has led to a bizarre spectacle in the northeastern city of Barcelona where at least 2,000 protesters tried to block the Catalan parliament to expression their anger over local budget cuts and job losses.
Palash Ghosh
Jun 15, 2011
Demonstrations against a new austerity program were disrupted by clashes between police and protestors
Daniel Tovrov
Jun 15, 2011
US auto major Ford Motors will invest €812 million, or $1.2 billion, for its plant in the Valencia region of eastern Spain.
IBT Staff Reporter
Jun 15, 2011
The International Monetary Fund (IMF) has short-listed two candidates, Christine Lagarde and Agustin Carstens, for its next Managing Director.
Palash Ghosh
Jun 14, 2011
Talks about a second bailout for Greece are getting closer to a conclusion as the European Commission pushes for a voluntary debt swap, media reported.
IBT Staff Reporter
Jun 13, 2011
The new chief executive of bailed out British bank Lloyds Banking Group (NYSE: LYG) is planning to cut another 15,000 jobs, on top of the 28,000 positions the bank has already eliminated since it merged with HBOS in early 2009.
Palash Ghosh
Jun 13, 2011
The German government said it supports the Benghazi-based Libyan rebel group, the National Transitional Council, as the legitimate representatives of the Libyan people.
Palash Ghosh
Jun 13, 2011
The European Central Bank needs to ensure recent oil and commodity price rises do not trigger inflationary problems, the bank's President Jean-Claude Trichet said on Monday, days after signaling a July interest rate hike.
IBT Staff Reporter
Jun 13, 2011
Turkey's efforts in improving ties with its neighbors in the Middle East over the past decade may witness a challenge in the unabated unrest in Syria that may force a rethinking of its foreign policy, now that Sunday's election is out of the way.
Drishya Nair
Jun 13, 2011
105,000 Christians Killed Every Year
IBT Staff Reporter
Jun 11, 2011
The Netherlands on Friday backed Germany over the participation of the private sector in a new bailout package for debt-laden Greece, an issue that has set Berlin on a collision course with the European Central Bank.
IBT Staff Reporter
Jun 10, 2011
While Syrian pour across the border into Turkey to escape the armies of Assad, the Turks already have their hands full with a crucial national election this weekend. The ruling Justice and Development Party (AKP) of Prime Minister Tayyip Erdogan is expected to score an easy victory.
Palash Ghosh
Jun 10, 2011
Fifteen years after its civil war ended, Croatia prepares to be the EU's 28th member state.
Daniel Tovrov
Jun 10, 2011
The former Irish finance minister Brian Lenihan has died from pancreatic cancer.
Palash Ghosh
Jun 10, 2011
European Central Bank President Jean-Claude Trichet said on Friday countries that had not undertaken far-reaching structural reforms faced weak growth after the financial crisis.
IBT Staff Reporter
Jun 10, 2011
The Netherlands said it will postpone until next year any decision on allowing Bulgaria and Romania into the Schengen zone (which would allow for passport-free travel between the Schengen states).
Palash Ghosh
Jun 09, 2011
The top candidate to run the International Monetary Fund, French Finance Minister Christine Lagarde, said she backed a bigger say for China at the Fund while making clear that the euro zone crisis would be a priority if she wins the job.
IBT Staff Reporter
Jun 09, 2011
World stocks held near the previous day's 11-week low on Thursday while the euro rose broadly as investors looked to the European Central Bank to signal a July interest rate hike at its meeting later.
IBT Staff Reporter
Jun 09, 2011
Turkey, in an act of generosity has welcomed anxious Syrian refugees on Wednesday and urged Syrian government to stop violence against civilians after thousands of people abandoned a town near the Turkish frontier in fear of military assault.
Drishya Nair
Jun 08, 2011
Government officials from nearly 30 nuclear powered countries called for safety tests on Tuesday, after the disaster at Fukushima plant sparked concern over safety standards.
Ankita Mehta
Jun 08, 2011
The election this weekend in Turkey is expected to bring an easy victory to the ruling Justice and Development Party (AKP) of Prime Minister Tayyip Erdogan.
Palash Ghosh
Jun 07, 2011
