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S&P Downgrades Portugal, Greece

Ratings agency Standard & Poor's downgraded two of the euro zone's most troubled member states, citing fears that the pair may have to restructure their debt after 2013.

 

Italy PM Berlusconi in court for fraud trial

Italy's Prime Minister Silvio Berlusconi, his popularity plummeting as he faces a string of legal cases, appeared in court for the first time in eight years on Monday.

 

Irish bank tests to show 20 billion euros hole: report

Stress tests on Ireland's four main lenders will reveal a capital hole of around 20 billion euros ($28.2 billion), The Sunday Business Post reported, without citing any sources.

 

London's biggest protest since Iraq war in 2003

More than 250,000 people took to London's streets to protest the toughest spending cuts since World War II - one of the largest demonstrations since the Iraq war - as riot police clashed with a small groups. More than 200 people were arrested.

 

Turkey and France clash over Libya air campaign

Turkey and France clash over Libya air campaign

The Turkish prime minister, Recep Tayyip Erdogan, accused France of seeing Libya as a source of 'oil, gold mines and underground treasures'.

 

Portugal PM resigns as parliament rejects austerity

Portuguese Prime Minister Jose Socrates resigned Wednesday and warned of grave consequences for the country after parliament rejected his government's latest austerity measures aimed at avoiding a bailout.

 

Eiffel Tower evacuated over suspect package: operator

Eiffel Tower evacuated over suspect package: operator

Paris' Eiffel Tower was evacuated Wednesday after a suspicious package was found at the base of one of the world's most visited tourist sites, the monument's operating company said.

 

Germany set to abandon nuclear power for good

Germany stands alone among the world's leading industrialized nations in its determination to abandon nuclear energy for good because of the technology's inherent risks.

 

France Fines Google on Street View

France's online privacy watchdog has fined Google €100,000 for unfair data collection from wireless networks through the company's Street View mapping service and localization program Latitude.

 

Reports: Pelosi hospitalized in Italy - USA Today

House Minority Leader Nancy Pelosi, D-Calif., was hospitalized today in Rome, Italian news agencies said. CNN reports that Pelosi is resting at her hotel after undergoing tests.

 

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