Topic: Europe

HAKODATE, Japan (Reuters) - Bank of Japan board member Ryuzo Miyao said on Wednesday the country's economy may get less support than initially expected from overseas demand as the recovery in the U.S. and European economies loses steam."Japan's economy will continue a ...

GENEVA (Reuters) - Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday.Cuts in spending on health, education and other social programs in both ...

The International Monetary Fund said Friday it had okayed a sixth tranche of $225 million in financing for Iceland, citing Reykjavik's "impressive progress" in post-crisis restructuring.The IMF said Iceland's economy would likely return to growth this year, but still faced risks from ...

VIENNA (Reuters) - The danger of an uneven economic recovery in Europe has fallen despite the patchy nature of the upturn that remains worrying, European Central Bank Governing Council member Ewald Nowotny said on Monday."One cannot exclude the possibility of a slowdown ...

ATHENS (Reuters) - Fitch Ratings downgraded Greece's long-term foreign and local currency issuer default ratings on Friday to 'B+' from 'BB+ and put the ratings on rating watch negative, it said.The rating downgrade reflects the scale of the challenge facing Greece in ...

BELGRADE (Reuters) - Serbian Prime Minister Mirko Cvetkovic moved on Monday to sack his deputy, Mladjan Dinkic, after weeks of feuding over an investment project and the pace of reforms in the European Union applicant country.Cvetkovic announced talks within two weeks about ...

LONDON (Reuters) - Britain's economy grew twice as fast as expected in the third quarter of this year, easing fears the recovery is faltering and dimming the chance of more quantitative easing from the Bank of England.British finance minister George Osborne said ...

Moody's raises Ukraine rating after IMF loanCredit ratings agency Moody's has raised Ukraine's sovereign rating after the country secured a $15 billion bailout loan and showed signs of recovery from the global downturn.The agency raised the rating from negative to stable after ...

NEW YORK (Reuters) - Europe's austerity measures are throwing the region into a "deflation spiral" that threatens its economic recovery, billionaire investor George Soros said on Tuesday.(Reporting by Walter Brandimarte; Editing by Chizu Nomiyama)84764534&bid=informcom" /> Copyright 2010  Reuters US Online Report Business ...

BERLIN (Reuters) - The German economy should expand by 3.3 percent in 2010 and two percent in 2011, the International Monetary Fund (IMF) will report in early October, German magazine Der Spiegel said on Saturday.That forecast is line with many private economists. ...