Switzerland will soon have to be more open about the bank details of foreigners after the European Commission changes its rules.
The eurozone is in a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.
Portugal's prime minister says he plans to raise the retirement age to 66 from 65 and lay off some 30,000 government workers in measures that aim to save 4.8 billion euros over the next three years.
Italian President Giorgio Napolitano says lawmakers did not respond adequately to the country's economic crisis.
The European car industry has fallen victim to the region's widening recession and soaring unemployment.
Portugal's prime minister has told his country to brace for even harder times after a court ruling forced his government to find more savings.
Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999.
Banks in Cyprus are preparing to open for the first time in more than a week, but people will be prevented from draining their accounts.
Cyprus has suddenly extended the closure of its banks for two more days - until Thursday.
Cyprus has secured a 10 billion euro ($13 billion) package of rescue loans in tense, last-ditch negotiations today.
Tense talks between Cyprus and its international creditors on how the country can secure a €10 billion bailout are stuck.
One of the country's biggest banks has put a cap on daily withdrawals after people rushed to get cash from ATMs.
Cypriot lawmakers have rejected a critical draft bill that would have seized part of people's bank deposits in order to qualify for a vital bailout.
The New Zealand dollar edged higher against the greenback after Cyprus delayed a vote on its EU bailout amid talk the proposal may be watered down.
A plan to seize up to 10 percent of people's savings in Cyprus sent shockwaves across Europe as households their savings may not be safe.
Cyprus has delayed a vote on introducing bank deposit levy after outrage from Cypriots.
Italy has emerged from elections with no clear winner, driving markets around the world markedly lower.
Investors are keeping a wary eye on Italy as the country heads to the polls Sunday and Monday to elect a new parliament.
Telecom's plan to cut hundreds of jobs has capped off a month of grim news on the employment front.
Police say they now arrest an average of four metal thieves every day, compared to a few cases every month before the crisis started in late 2009.
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