Ireland set to exit EU-IMF bailout on December 15: PM

DUBLIN: Ireland is on track to exit its strict international bail-out programme in December, Prime Minister Enda Kenny announced, although he warned the country still had a way to go to recover from the global economic crisis.

Fragile Egypt economy overshadows Mursi's vote win

CAIRO (Reuters) - Egyptian President Mohamed Mursi will have little time to savour victory in pushing through a new constitution as it may have cost the Islamist leader broader support for urgent austerity measures needed to fix the creaking economy.

ECB'S Praet says France must cut spending and reform

PARIS (Reuters) - France must cut spending to meet its budget deficit target and undertake structural reforms to boost competitiveness, European Central Bank Executive Board Member Peter Praet said on Tuesday.

Government must find extra £17bn of cuts, OBR warns

Britain must find an additional £17bn of spending cuts or tax rises to help defuse an impending demographic timebomb, the government's official forecaster has warned.