People protest against the Spanish government’s austerity measures in Malaga on July 13, 2012. A Spanish trade union leader has warned that unions were considering a general strike against the government’s new austerity measures. Secretary General of Comisiones Obreras trade union (CCOO) Ignacio Fernandez Toxo said on Monday that the strike was “unavoidable” if the government... 

Demonstrators take part in a protest against the Spanish government’s austerity measures on July 13, 2012, in Malaga Hundreds of protesters have clashed with riot police in Madrid over the new set of austerity measures. One person suffered a broken nose and three people were arrested. ­The protesters demonstrated on Friday evening outside the People’s Party offices of Spanish Prime Minister... 

Portuguese workers protest in a demonstration against the government’s austerity measures, Lisbon, June 16, 2012. People in Portugal have staged a protest rally against the government’s austerity measures imposed to help cap the country’s public debt. Thousands took to the streets of Lisbon on Saturday following a much larger rally in the northern city of Oporto last week. They condemned... 

The pro-bailout New Democracy party has come out on top in Greece’s parliamentary elections, having gained 30 per cent of the votes. With more than 80 per cent of votes counted, the anti-austerity leftist Syriza party is trailing on 26.6 per cent. The results have kept fears of Greece’s imminent exit from the eurozone at bay for the time being. “The Greek people today voted for Greece to remain... 

Ireland is voting in a referendum on an EU austerity pact. If Dublin does not accept tough budget deficit obligations, it would be a kiss goodbye to EU rescue money, which could be followed by default and a eurozone exit. The mooted European Fiscal Pact was initiated by Germany and France. If approved, it would oblige Dublin to strictly control its budget deficit, which reached 13.1 per cent last... 

Italy's Prime Minister Mario Monti Italian Prime Minister Mario Monti has pointed to the possibility of calling in the army to deal with the violent protests in the country over the government’s economic policies. Monti raised alert levels on Sunday at some sensitive sites across Italy to handle the recent violence that has hit the country. Interior Minister Anna Maria Cancellieri also said on... 

Greece’s leader of the leftist SYRIZA coalition, Alexis Tsipras Greece’s left-wing coalition leader has ruled out austerity measures, receiving a mandate to form a new government as elections produced a stalemate in parliament. Greece’s leader of the leftist SYRIZA coalition, Alexis Tsipras, has ruled out budget-cutting austerity measures, opting to meet President Karolos Papaoulias in talks... 

Dutch Prime Minister Mark Rutte Dutch Prime Minister Mark Rutte has handed his government’s resignation to Queen Beatrix after talks on reducing the country’s budget to meet European guidelines failed. The government information service announced on Monday that the Queen accepted Rutte’s resignation and asked him to tend to urgent matters of the state until elections possibly as early as... 

Protesters in Valencia on February 21, 2012. In the Spanish city of Valencia, hundreds of people gathered to protest against tough spending cuts imposed by the government and growing police violence. A day after police forces violently clashed with students protesting over spending cuts, peaceful protesters gathered outside the Instituto Lluis Vives, across the city’s main train station. On Monday,... 

Eurozone finance ministers talk while attending a Eurogroup meeting at the European Union council headquarters, Brussels, February 20, 2012. Eurozone finance ministers have agreed to provide Greece with a new bailout package to help the heavily indebted country stabilize its debt-to-GDP ratio and avert looming bankruptcy. The long-awaited package worth 130 billion euros was sealed in Brussels on Tuesday... 

Gendarme forces move toward protesters in Piata Universitatii square, Bucharest January 19, 2012. Romania’s Prime Minster Emil Boc has resigned following weeks of public protest against IMF-backed austerity measures amid the debt crisis sweeping the European Union. Announcing his resignation on Television on Monday, Boc said that he wanted to “defuse political and social tension” and... 

European Union leaders are expected in Brussels for their first summit of the year in attempt to reconcile austerity with growth and to approve a permanent rescue fund for the crisis-hit eurozone. The half day summit on Monday is meant to focus on ways to generate growth and create jobs, while having more austere fiscal measures for nations with unsustainable levels of debt. The summit coincided with... 

Protesters waving Romanian flags shout anti-president slogans atop a monument in the central University Square in Bucharest on January 22, 2012. Romanian protesters have taken to the streets of the capital Bucharest for a tenth consecutive day to demand the resignation of the government over its austerity measures. Scores of protesters again gathered in the capital’s central University Square... 

Anti-government protesters shout slogans in the Romania capital Bucharest on January 19, 2012. Romanian police have fired teargas canisters at demonstrators protesting against the government’s austerity measures in the Romanian capital Bucharest. On Thursday, the police arrested about 50 people, who allegedly threw bricks and bottles and other materials at them. Earlier on the day, thousands... 

JP Morgan's Chief Executive Officer, Jamie Dimon JP Morgan’s Chief Executive Officer, Jamie Dimon says Europe is the largest threat to the global economy, calling for a solution to the economic woes sourced from the continent. “We urgently need a solution. The longer the problem drags on, the less likely it is we get off lightly,” the CEO of one of the largest banks in the United States...