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George Soros says Ireland's demands for debt relief will be met

Ireland got 'raw deal' over debt - Soros

Global investor George Soros has said Ireland got a "raw deal" over its debt.

Business • 25 Jan 13

Portugal introduces "enormous" tax increases

Portugal introduces tax increases despite protests

Portugal's government has published new tax tables that further cut the income of workers and pensioners.

Business • 15 Jan 13

Central Bank economist calls for 'fair' austerity

The burden of austerity should be spread fairly in order to make it more acceptable to the public, according to the Central Bank's Chief Economist Lars Frisell.

Business • 12 Dec 12

Bailed-out Portugal adopts stiff tax hikes

Portugal's Parliament today approved unprecedented tax increases.

Business • 27 Nov 12

Protest to highlight impact of Government's policies of austerity and cutbacks

Numbers marching revised in anti-austerity protest

The official garda estimate for the attendance at the anti-austerity protest in Dublin was around 10,000 people.

News • 26 Nov 12

62% of Italians do not want 2nd Monti government

Almost two-thirds of Italians say they do not want technocrat Prime Minister Mario Monti to remain head of the government after next year's parliamentary vote, a poll shows.

Business • 16 Nov 12

Greek depression deepens in third quarter

Greece's economic slump deepened in the third quarter, with output shrinking 7.2% on an annual basis as the debt-racked country heads into its sixth year of depression.

Business • 14 Nov 12

Demonstrators set up a barricade of burning tyres at the main entrance of the Mercabarna market in Barcelona

Protesters and police clash in Madrid

There have been violent clashes between police and demonstrators in Madrid, as millions of Spanish workers left their jobs in protest at the government and EU's ongoing economic policy of austerity.

News • 14 Nov 12

Greece still has hurdle to clear to get cash

Greece's euro partners are unlikely to sign off the release of the country's next batch of bailout cash at a meeting next week.

Business • 08 Nov 12

Mattie McGrath said public servants could not be a 'protected species'

TDs urged to back cuts to politicians' pensions

Independent TD Mattie McGrath has urged Government backbenchers to support his call for cuts to pensions and lump sums for retiring politicians and public servants.

News • 06 Nov 12

Public transport brought to a virtual standstill

Greek protests over anti-austerity measures

Greece's coalition government hopes to overcome its own divisions and defy protesters' fury at parliament's gates tomorrow by pushing through an austerity package needed to secure an injection of aid and avert bankruptcy

News • 06 Nov 12

Unions in Greece will hold a 48-hour strike from tomorrow

Greek workers to stage 48-hour strike

Greek workers will begin a 48-hour strike tomorrow to protest against a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse.

News • 05 Nov 12

Portugal to approve tax changes to keep bailout

Portugal's parliament is expected to approve the country's biggest tax increases in its modern democratic history today in a budget, the government says, it needs to keep a €78 billion EU/IMF bailout afloat.

Business • 31 Oct 12

Portuguese Prime Minister Pedro Passos Coelho (R) said Portugal needed to 'turn the page'

Portugal significantly increases tax rates

Portugal's parliament has approved the biggest tax increases in the country's modern history.

News • 31 Oct 12

Anti-austerity rallies are also taking place in London (above) and Glasgow

Anti-austerity rally held in Belfast

Several thousand people have taken part in a march through Belfast city centre in protest at austerity measures being introduced by governments in Dublin and London.

News • 20 Oct 12

UK borrowing falls as austerity bites

UK government borrowing fell last month, official figures showed today, in a sign that the Chancellor's austerity measures are increasingly taking hold.

Business • 19 Oct 12

Riot police were called in to control the crowd and guard the Greek parliament

Violence breaks out at protest in Greece

Hundreds of youths pelted riot police with petrol bombs, bottles and chunks of marble in Athens today as yet another Greek anti-austerity demonstration descended into violence.

News • 18 Oct 12

Spain to make decision on bailout 'within weeks'

The Spanish government said today it will decide within the next few weeks whether to ask for outside financial help.

Business • 17 Oct 12

Ireland's richest have paid the most: Commission

The biggest part of the burden Ireland has borne throughout its bailout programme has been shouldered by the wealthy.

Business • 11 Oct 12

IMF gives bleak assessment of stalled recovery

Plagued by uncertainty and setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund has said in its latest forecast.

Business • 09 Oct 12

Barroso urges Cypriots to agree on austerity

EU Commission President Jose Manuel Barroso has urged political leaders in Cyprus to agree on austerity measures needed for a deal to bail out its banks

Business • 08 Oct 12

Joseph Stiglitz said the speed of political change is too slow

Nobel laureate says austerity almost never works

A former chief economist at the World Bank has said that austerity has “almost never” worked as a solution to economic downturns.

News • 01 Oct 12

Organisers put turnout at more than 80,000

Thousands march in Paris against austerity

Thousands of demonstrators have marched peacefully in Paris to denounce austerity measures in Europe that have sparked violent protests in other EU countries struggling to avert fiscal crises.