Portugal's Socialist minority government has unveiled a 2017 budget intended to reduce the deficit, but also roll back some austerity measures.
With Greece fast running out of money and loan repayment deadlines looming, the parliament is heading towards another austerity vote - a major test for Prime Minister Alexis Tsipras.
Brazil’s newly installed Cabinet is getting to work, in the wake of Dilma Rousseff’s suspension. The economy is a priority for incoming interim
He’s the man of the moment in Brazil, but relatively unknown on the international stage. Michel Temer has taken the reins as president, for an as-yet
The Greek capital saw a third day of rallies as the parliament prepared to vote on a series of reforms including tax hikes and pension cuts. Athens is hoping to push through the reforms required by th
Greek tax and pension reforms have to be approved by the country's lawmakers on Sunday if Athens is to get the next, previously delayed, tranche of more than five billion euros of bailout cash.
May Day celebrations turned sour in Istanbul as Turkish police fired tear gas and sprayed water cannon at anti-government protesters. They were
The Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister
Greece's economy is just one step away from a recovery but needs debt relief, not further austerity, Prime Minister Alexis Tspiras has told euronews.