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Italian experts warn of recessive austerity, stress structural reforms
Italian economists warned of recessive effects of austerity and called for reforms in the country struggling for the formation of a new government to replace the technocratic cabinet of outgoing Prime Minister Mario Monti.
· Moody's keeps negative outlook for Spanish banks
· Greece raises 1.3 bln euros in fresh treasury bills auction
· Portugal allowed to revise deficit targets
· EU asks Spain to rise sales tax
· Spain's consumer confidence remains low
· Spain's unemployment passes 5 million mark
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  Greece
· Eurogroup approves 7.5-bln-euro bailout tranches for Greece
· Greece reaches deal with troika lenders on further bailout aid
· Jobless man dies after self-immolation in Athens
· Greece expects deal for further bailout aid
· Greece raises 1.3 bln euros in fresh treasury bills auction
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  Portugal
· Portugal successfully sells 10-year bonds since bailout
· Portuguese hold massive May Day rally
· Portuguese gov't announces 800-mln-euro spending cuts
· Portuguese protest against austerity measures
· Portugal allowed to revise deficit targets
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  Ireland
· Ireland issues warning on phone calls offering refunds
· Ireland's gov't debt ranks 4th highest ratio in EU: Eurostat
· Ireland's employers group cuts economic outlook
· Ireland's deficit more than halves to 13.4 pct in 2011
· Ireland needs foreign direct investment for economic revival
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  Spain
· Spain to cut 8 bln euros in administration reforms in 2014-2015
· Spanish PM does not rule out new cuts
· Faster European integration needed: Spanish PM Rajoy
· Spain's fishing company Pescanova to file for insolvency
· Moody's keeps negative outlook for Spanish banks
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  Photo Gallery
  Opinion
· Euro crisis still biggest threat to German economy: central banker
· Will Spain's political crisis affect confidence in its economy?
· Austerity cannot solve Greek debt crisis: German chancellor candidate
· Euro crisis may be over by year-end: German expert
· ECB policymaker: Greek debt deal "better than other alternatives"
· Collapse of Greece bailout talks casts new doubts on EU's future
· Europe determined to overcome crisis: Italy's president
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  Also on CE
· Global Financial Turmoil
· UN Climate Change Conference
· US Economy Falters
· High-Speed Rail in China
· G20 Seoul Summit
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