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  • Thousands protest austerity measures in Spain

    Madrid – In Spain on Thursday, yields on the country’s five-year bond reached a 16-year record high as the Conservative government tried to convince investors and European finance ministers that Spain can properly handle its budgetary crisis. The news came as tens of thousands of protestors took the streets in some 80 cities across the country, angry at the country’s recent austerity measures. Puerta del Sol is a popular Madrid plaza, filled with shops, cafes and, on Thursday, thousands of demonstrators from all across the capital region. A march that began less than one kilometer away ended steps away from…

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  • Heads of Europe's biggest economies meet in Rome

    Rome, Italy -- Leaders from Germany, France, Spain and Italy meet in rare 4-way meeting to try to reach consensus on Euro crisis plan ahead of critical summit in Brussels. German Chancellor Angela Merkel, easily the biggest fan of the Euro currency among those who attended the so-called “Mini-EU Summit” alongside her on Friday - the heads of government from France, Spain and Italy – arrived at Rome’s Villa Madama Palace a little more reassured than she could have expected just one week ago. In recent days, voters in economically-troubled Greece chose a centrist, pro-bailout government just one month after…

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