austerity

The UK’s finance minister, Chancellor of the Exchequer George Osborne vowed to continue the coalition government’s austerity program on Monday telling delegates at his Conservative party’s annual conference in Manchester, UK, that Britain would “ride out the storm.” more...

Britain’s deputy prime minister, Liberal Democrat leader Nick Clegg told delegates at his annual party conference in Birmingham on Wednesday there was no turning back from the coalition government’s fiscal austerity program despite figures showing government borrowing in August reached a record...

Discussing whether it is time for euro-style austerity in the U.S. or time to promote more growth, with Dan Greenhaus, BTIG chief global strategist and Jimmy Pethokoukis, Reuters columnist. more...

The site of the Villa d’Este on the shores of Lake Como has been the home of medieval nuns, Jesuit priests, and Caroline of Brunswick, the scandalous Princess of Wales. more...

A small town in central Italy is trying to go independent and mint its own money in protest at government austerity cuts. more...

The Italian government will pass a sweeping package of cuts and tax increases at a cabinet meeting on Friday as it scrambles to meet European Central Bank demands for action to shore up confidence in its public finances. more...

Italy's problem is not a high budget deficit but chronically weak growth, and forcing it to frontload austerity measures just as its economy is moving into yet another downturn may prove dangerously counter productive. more...

CNBC's Michelle Caurso-Cabrera has an update on Italy's debt resolutions and CNBC's Mandy Drury takes a look ahead at what investors can expect from the stress test results of Europe's biggest banks, with Guy Lebas, Janney Montgomery Scott, and Michael Hewson, CMC Markets. more...

CNBC's Michelle Caruso-Cabrera has the details on the austerity package approval for Italy. more...

Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says. more...

CNBC's Carolin Schober has the details on Greek lawmakers approving a key austerity bill. more...

Police use tear gas to control protests in Athens and insight on what a default in Greece's may mean for other countries in Europe, with Lance Roberts, StreetTalk Advisors; John Brady, MF Global and CNBC's Michelle Caruso-Cabrera. more...

The Greek parliament began debating a sweeping austerity plan on Wednesday after signs that the government will succeed in passing the deeply unpopular package, which has been demanded by its international creditors. more...

Enjoy the coming slump. That is not what the Bank for International Settlements says to the US and other over-indebted economies. But it is what its latest annual report implies, writes FT columnist Martin Wolf. more...

Greece's parliament begins on Monday to debate a deeply unpopular austerity plan which international lenders are demanding to see approved this week to avert the threat of bankruptcy. more...

The euro extended its rebound from one-week lows in Asia on Friday following news Greece has reached a deal with international lenders on an austerity plan that would bring it one step closer to securing much-needed financial aid. more...

Greece’s new finance minister has attempted to renegotiate parts of the austerity deal struck with international lenders last month, drawing anger from his European counterparts as they battle to find a solution to Athens’ debt crisis, reports the FT. more...

Greece's government will approve a new austerity package on Wednesday after it survived a confidence vote that was a crucial hurdle in a battle to avert the euro zone's first sovereign debt default. more...

A 24-hour anti-austerity strike by Greece's largest labor unions crippled public services Wednesday, as the Socialist government was to begin a legislative battle to push through last-ditch cost-cutting reforms that will extend beyond its own term in office. more...