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Total number of people registered as jobless in Spain now stands at 4.76 million

Spain's jobless figure drops 4th month in a row

Spain's Labour Ministry said the number of people registered as unemployed dropped for a fourth consecutive month in June.

Business • 02 Jul 13

George Osborne outlines cuts of £11.5 billion for 2015-2016

UK sugars austerity with infrastructure boost

British finance minister George Osborne unveiled a new round of spending cuts today.

Business • 26 Jun 13

Criticism of Germany "is perfectly legitimate", says German Ambassador to Ireland

Austerity not impediment for growth - Ambassador

Living within your means is a pre-condition for long-term sustainable growth, according to Dr Eckhard Lubkemeier, the German Ambassador to Ireland.

Business • 12 Jun 13

The European Commission says 'significant challenges and imbalances remain' for Ireland

EC warns Government over programme complacency

The Government has been warned by the European Commission that it needs to "avoid complacency and strictly follow the objectives" of the EU-IMF programme.

News • 29 May 13

Call on Government to consider ending austerity

The greatest stimulus the Government could give the economy would be to signal an easing of fiscal austerity, according to a new economic report from Friends First.

Business • 28 May 13

Greece eyes economic improvement from next year

Greek economic recovery in sight - Stournaras

Greece's recession-wracked economy should start recovering from next year and its sky-high unemployment rate should edge lower from the end of 2014.

Business • 09 May 13

Portugal back selling 10 year bonds today

Portugal sells bonds for first time since bailout

Portugal held a sale of its 10-year bonds today for the first time since it needed a bailout in 2011,

Business • 07 May 13

''Patience with austerity is wearing understandably thin,'' says European Council President Herman Van Rompuy

Van Rompuy urges pro-growth measures

EU governments and institutions must take "immediate action" to promote growth and jobs creation as countries are tired of austerity, European Council President Herman Van Rompuy said.

Business • 02 May 13

Greece's 24-hour walkout was called by its two major public and private sector unions

May Day strike against austerity in Greece

Greece's two main trade unions took to the streets on May Day to protest against the latest economic measures, which include the sacking of 15,000 public sector workers.

News • 01 May 13

EIB President Werner Hoyer says reform processes are "urgently needed''

EIB boss dismisses 'austerity kills growth' notion

The President of the European Investment Bank has said that recent arguments put forward that austerity measures kill growth are "complete nonsense".

Business • 30 Apr 13

Greece has seen its first malaria outbreak in decades after budget cuts to mosquito-spraying programmes

Austerity bad for health - study

Austerity is having a devastating effect on health in Europe and North America, researchers have said.

Business • 29 Apr 13

European Commission President Jose Manuel Barroso says austerity had reached its natural limits of popular support

Possibility of 'spare capacity' next year - Noonan

Finance Minister Michael Noonan has said if there is spare cash after next year's Budget, it will be used to grow the economy and create jobs.

Business • 23 Apr 13

Portugal announces plans to save another €800m

Portugal launches another round of spending cuts

Portugal's government is pushing ahead with more deeply unpopular austerity policies.

Business • 18 Apr 13

President Michael D Higgins was speaking to MEPs as part of Ireland's six-month EU Presidency

President warns MEPs about impact of austerity

President Michael D Higgins has delivered a strong warning to MEPs on the dangers of following a policy of austerity without considering the social consequences.

News • 17 Apr 13

Pedro Passos Coelho warns of more tough cuts to come

Portugal PM warns of deeper austerity cuts

Portugal's prime minister told his country yesterday to brace for even harder times after a court ruling forced his government to find more savings through steep spending cuts.

Business • 08 Apr 13

Pedro Passos Coelho said in a televised address to the nation that his centre-right government must slash public services

Portuguese prime minister warns of further cuts

Portugal's prime minister has told his country to brace for even harder times after a court ruling forced his government to find more savings through steep spending cuts.

News • 08 Apr 13

Portugal's constitutional court ruled yesterday that some austerity measures were unconstitutional

Portuguese cabinet discusses austerity ruling

Portugal's government has said that a court's rejection of austerity measures had left the country facing "serious difficulties in terms of fulfilling the international commitments and budget objectives".

News • 07 Apr 13

The study found that rising unemployment is pushing more people into depression

Europe's financial crisis costing lives

A major analysis of European health has found that the financial crisis is costing lives, with suicides and infectious diseases on the rise.

News • 28 Mar 13

George Osborne has become increasingly unpopular due to his austerity measures

Further austerity likely in Britain's 2013 budget

Britain's finance minister is set to stick to his guns on austerity in this week's budget, despite increasing calls for a change of course, as he bets that growth will get back on track before an election in 2015.

Business • 18 Mar 13

Protesters have called for an end to budget cuts

EU leaders divided over arming of Syrian rebels

EU leaders have concluded their two-day summit in Brussels, where discussions centred on Syria and the question of arming certain opposition groups who are fighting President Bashar al-Assad.

News • 15 Mar 13

Greece ''still not there yet'' on latest reforms needed for next tranche of funds

Greek unemployment reaches record 26%

Unemployment in debt-crippled Greece rose to a record of 26% in the last quarter of 2012

Business • 14 Mar 13

S&P's revises outlook on Portugal to stable from negative

S&P sees Portugal's prospects improving

Standard & Poor's has revised its outlook on Portugal to stable from negative after concluding the bailed-out country will continue to receive international support for its financial recovery efforts.

Business • 07 Mar 13

Boiko Borisov said: 'I will not participate in a government under which police are beating people'

Bulgarian govt resigns over austerity protests

Bulgaria's government has resigned from office after nationwide protests against austerity and high electricity prices.

News • 20 Feb 13

Greek journalists went on strike yesterday

Greek workers stage nationwide strike

Tens of thousands of Greeks took to the streets of Athens as part of a nationwide strike against austerity that confined ferries to ports, shut schools and left hospitals with only emergency staff.

Austerity • 20 Feb 13

Jack O'Connor said the Government should 'abandon the misery of one-sided austerity'

Promissory note savings should aid budget - SIPTU

SIPTU has called on the Government to use the €1bn saved by the promissory note deal to soften tax cuts in Budget 2014.

News • 19 Feb 13