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Greek PM George Papandreou says an agreement has been reached on the creation of an interim government that will secure the new debt deal.

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms.

Greece’s two main political parties reached an agreement Sunday to form a unity government, giving Europe a steadier partner as it works to avert a larger financial crisis on the continent. Prime Minister George Papandreou will resign after the new government is formed, officials said, although the timing, and his successor, remained unclear.

Prime Minister George Papandreou survived a crucial confidence vote in Parliament and pledged to form a unity government with a broader consensus, regardless of whether he would lead it.

ibya's transitional government picked an engineering professor and longtime exile as its acting prime minister Monday, with the new leader pledging to respect human rights and international law.

David Cameron was warned that he faces four years of trench warfare with disgruntled backbenchers after he suffered the largest postwar rebellion on Europe as 81 Conservative MPs supported a referendum on Britain's membership of the EU.

Egypt's military rulers have rejected the resignation of Hazen Beblawi, a top official who served as both the deputy prime minister and finance minister.

Portugal's prime minister said the economy is expected to shrink 2.3% next year, worse than expected, as global growth slows.

Russian President Dmitry Medvedev on Saturday proposed Vladimir Putin as presidential candidate for 2012, almost certainly gua

Thousands of protesters and an equal number of police fanned out in several Greek cities Saturday evening ahead of an expected announcement by the country's prime minister that additional austerity measures are on the way.