Eurozone has one foot in recession
LONDON (AP) — The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final three months of 2011 from the previous quarter, a clear sign that Europe’s debt crisis has
Iran halts oil to Portugal, five other EU nations
Oil rose to near $102 a barrel on Wednesday after Iran announced it would stop crude exports to six European countries and investors were heartened from positive developments in Europe’s sovereign debt crisis.
Iranian state TV said Wednesday that Tehran
Portugal wins German support for bailout changes
LISBON, Portugal (AP) — Portugal’s attempts to get some breathing space in its austerity and reform program appears to have won the support of Germany’s finance minister.
Portugal’s promises to introduce a raft of tax hikes, pay cuts and other
EU threatens new sanctions on Syria
BEIRUT (AP) — The European Union will impose harsher sanctions on Syria, a senior EU official said Wednesday, as Russia tried to broker talks between the vice president and the opposition to calm violence. Activists reported at least 50 killed
Debt crisis threatens slow death for Portugal
LISBON, Portugal (AP) — In a six-room Lisbon office where until last year more than a dozen people worked, engineer Joao Paulo Lopes sits alone in silence amid dark computer screens, patiently waiting for a bankruptcy lawyer to shut the
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