Governments taking action to eliminate unsustainable budget deficits are facing a groundswell of public anger and calls for new growth generating policies
Cyprus has reached an 11th-hour €10bn rescue deal with international lenders that avoids a controversial levy on bank accounts and reduces the risk of a meltdown of the debt-laden island’s financial sector
David Cameron is under pressure from all sides and faces a delicate balancing act in attempting to renegotiate an acceptable UK membership settlement with the EU
Problems in the bloc rumble on as electorates vote against austerity, forcing policy makers to consider measures to stimulate growth and offset the effects of deficit reduction
Enrico Letta’s unprecedented coalition with Silvio Berlusconi’s centre-right People of Liberty party and Mario Monti’s small centrist party faces an economy mired in recession