European Union (EU)


Tue May 7, 2013

Portugal Struggles To Avoid 2nd Bailout

Originally published on Tue May 7, 2013 9:04 am



Europe is debating whether austerity - with its deep budget cuts and tax hikes - is the right cure for the continent's debt crisis. But in Portugal, one of the first countries bailed out by the European Union, the austerity drive goes on. The government there is struggling to repay its loans, and has announced more steep job and benefit cuts, as the country struggles to avoid what was Greece's fate - a second bailout.

Here's Lauren Frayer reports.

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Tue April 30, 2013
The Two-Way

Cyprus Passes Tough Financial Bailout Package

A Cypriot left-wing supporter sits in the shade during a protest outside the Parliament in Nicosia on Tuesday.
Patrick Baz AFP/Getty Images

Lawmakers in Cyprus approved a controversial $13 billion bailout from international lenders that's aimed at keeping the country from a messy default and withdrawal from the eurozone.

The agreement, which totals $30 billion when Cyprus' own contributions are included, passed 29-27 in the 56-seat Parliament.

The ruling center-right Democratic Rally party and its ally, the Democratic party, voted for the measure.

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Mon April 29, 2013
NPR Story

Greek Parliament Approves Massive Layoff Plans

Originally published on Mon April 29, 2013 6:00 am



NPR's business news starts with massive layoffs in Greece.


INSKEEP: Greek lawmakers approved emergency plans to cut 15,000 government jobs by the end of next year. They have to do that in order to receive more European Union bailout funds.

The Greek parliament approved a measure in a vote on Sunday. Their new law will overturn what had been a constitutional guarantee for public sector workers to have a permanent position for life.

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Fri April 26, 2013
NPR Story

Spain To Unveil Economic Overhaul Plan

Originally published on Fri April 26, 2013 4:59 pm



Spain has lived through years of punishing budget cuts and austerity. This morning, its government unveiled a new economic plan which eased budget targets but acknowledged that recovery was still a long way off. Thousands took to the streets in Madrid overnight, protesting the country's past measures and tax hikes that have left many without jobs.

Lauren Frayer reports from Madrid.


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Thu April 25, 2013
The Two-Way

Google Agrees To Change Display Of Search Results In Europe

Originally published on Thu April 25, 2013 10:16 am

Google makes a deal with the EU.
Adam Berry Getty Images

Google has agreed to modify the way it displays search results in Europe as part of a deal to end a probe by the EU's antitrust body. But rivals Microsoft, Nokia and Oracle will first have to sign off on the changes, reports say.

As ZDNet writes:

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