BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday. But its president, Mario Draghi, indicated that his promise last year to do “whatever it ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday, but remained unwilling to deploy more powerful weapons that many economists say are needed to ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday, but remained unwilling to deploy more powerful weapons that many economists say are needed to ... Read more
ATHENS — In Greece’s first major privatization deal since the country’s debt crisis erupted three years ago, the government on Wednesday agreed to sell a controlling stake in the state gambling ... Read more
ATHENS — As workers around the world observed the international Labor Day holiday with demonstrations and rallies, thousands of Greeks walked off their jobs on Wednesday in the second general strike ... Read more
PARIS — The euro zone jobless rate rose to a record 12.1 percent in March, a sharp reminder that unemployment remains among the region’s biggest problems. The unemployment rate in the ... Read more
PARIS — The dreaded phantasm of economic austerity has finally knocked its bony fingers on the door of the Élysée Palace, which announced on Tuesday that it would auction off 1,200 bottles ... Read more
PARIS — The euro zone jobless rate rose to a record 12.1 percent in March, a sharp reminder that unemployment remains among the region’s biggest problems. The unemployment rate in the ... Read more
ROME — Italy’s new prime minister, Enrico Letta, said Monday that he would move quickly to stimulate growth and jobs, while easing some of the unpopular austerity measures enacted to strengthen ... Read more
The troubled European car market is now dragging down even Volkswagen, the region’s leading automaker, as vehicle sales on the Continent have declined to their lowest levels in decades. ... Read more