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Greek Prime Minister George Papandreou on Sunday chaired a cabinet meeting to decide which new austerity measures to ensure continued funding of a plan of international aid.
Inspectors from the International Monetary Fund and the European Union will hold a conference call Monday with Finance Minister Evangelos Venizelos to learn what steps will be [...]

French banks have agreed to exchange more than 90% of Greek bonds they currently hold in the second aid package to Greece decided in late July, said Friday the Minister of Economy, Baroin.
"We can say that we are, with respect to the positions of French banks that have positions in Greece, that one [...]

European shares ended Tuesday in the disorder after the publication of disappointing indicators in Europe and the United States, after a session and hesitant in trading volumes still very limited.
The CAC 40 index closed up 0.18% to 3159.74 points."That said, it's half a surprise, in a very anxiety provoking," he adds.
Other [...]

The Federal Reserve chairman Ben Bernanke has failed Friday to announce new decisions to boost growth but felt it was vital for the economy to reduce unemployment in the long term.
Although it remains optimistic about the long term, the Fed chief has said that some changes were still troubling.He particularly said that the [...]

The Irish finance minister warned Wednesday that he would insist that any tax on financial transactions applies to all European Union (EU) and not only to the euro area, the symbol of obstacle course that awaits project in Paris and Berlin.
These words of Michael Noonan received immediate feedback on the side of German [...]

The Paris Bourse offers a bounce in early trade Thursday after eight consecutive sessions of declines, markets have been burdened by the slowing U.S. economy and fears of contagion from the debt crisis in Italy Spain.

The Italian Parmalat, which was acquired in June by French Lactalis, Thursday lowered its forecast for gross operating income for fiscal 2011, due to low consumption in Italy.
The company anticipates an EBITDA of 365 million euros in 2011, against 377.3 million euros in 2010 and 385 million originally expected.
However, Parmalat expected [...]

The main European banking stocks opened down Monday after the release Friday of resistance test results conducted on the European banking sector.
Eight banks, including five Spanish institutions have failed the tests and should therefore raise 2.5 billion euros to strengthen their capital base. Of the 90 European banks subject to the fiscal year, [...]

Major international banks, under pressure from European government officials to agree on a voluntary turnover Greek debt, met Thursday in Rome without reaching an agreement in the wake of unfinished discussions in Paris.
Representatives from the European Central Bank, the Greek government, international and Italian banks met in Rome under the auspices of the [...]

Volvo Cars, owned by Chinese Geely, is on track to sell more than 400,000 cars this year, says Olle Axelson, communications director of the manufacturer, quoted by the newspaper Dagens Industri.
"We can already say that we will finish the year above 400,000.The range is from 400,000 to 450,000 and (…) I think we [...]