Italy Posts Biggest Consumer Price Decline on Record Amid Slump

Italy’s consumer prices this month dropped the most since records began after the euro-area’s third-largest economy slipped into recession, adding to concerns that the region might be headed toward deflation.

Iceland Warns Airlines of Ash Plume as Volcano Erupts

Iceland warned airlines of a potential ash plume that could disrupt flights as one of the North Atlantic island nation’s biggest volcanoes erupted after a week of rumbling.

Italy's Berlusconi says he was forced out by EU 'plot'

(Reuters) - Former Italian prime minister Silvio Berlusconi repeated accusations on Wednesday that he had been forced out of office at the height of the euro zone crisis in 2011 as the result of a plot by European Union officials.

Corruption across EU 'breathtaking' - EU Commission

The extent of corruption in Europe is "breathtaking" and it costs the EU economy at least 120bn euros (£99bn) annually, the European Commission says. EU Home Affairs Commissioner Cecilia Malmstroem has presented a full report on the problem.

Portugal Q3 trade deficit shrinks by 5 per cent

LISBON: Portugal's global trade deficit fell by five per cent in the third quarter from a year earlier, as export growth outpaced that of imports, data showed on Monday.

EU spending cuts to hit Portugal's poor

(Reuters) - Spending cuts to European Union food aid programs could leave Portugal's growing ranks of poor with even emptier plates.

Can European credit markets break the range?

LONDON: Does anybody have even the faintest idea where European credit markets are going next? Answers on a postcard please.