Euro zone austerity is mostly over: ECB's Coeure

(Reuters) - Most European countries have already made efforts to consolidate public finances so a discussion on austerity policies in Europe is largely over, the European Central Bank's Executive Board member Benoit Coeure said on Friday.

U.S budget surplus falls to $71 billion in June

(Reuters) - The U.S. budget surplus was $71 billion at the end of June, down 39 percent from the same period last year, according to data released by the Treasury Department on Friday.

Fitch downgrades Poland's rating outlook on budget revision

WARSAW: Fitch Ratings downgraded its credit outlook for Poland to stable from positive on Friday for the first time in years, citing the government's decision to soften its fiscal discipline and let the budget deficit widen this year.

Israel 2023 Benchmark Bond Yield Jumps After S&P Rating, Syria

Israeli government bonds fell, lifting the yield on the benchmark 10-year debt the most in almost nine months, after Standard & Poor’s cut the country’s rating and amid reports Israel attacked targets in Syria.

Cameron put on spot by watchdog over austerity remarks

LONDON (Reuters) - Prime Minister David Cameron was reprimanded by a budget watchdog on Friday for claiming that it did not see his austerity agenda as a drag on Britain's economy.

After volatile year, area investment advisers are optimistic for 2013

If you've put in a worried call to your financial adviser recently, or just felt a little motion-sick watching the markets rise and fall, you're not alone.

Egypt says stability key to fixing economy: PM

CAIRO (Reuters) - Egyptian Prime Minister Hisham Kandil said on Tuesday that political stability was crucial to luring back foreign investors and tourists to help plug a yawning budget deficit and heal the country's ailing economy.

Bank of England hands QE income to Treasury

The Bank of England has said it will give the Treasury the interest it earns on certain government debts it holds.

Spain sells debt despite regions, recession

MADRID (Reuters) - Spain sold more short-term debt than planned on Tuesday, with demand shored up by expectations the country will ask for aid after ratings for some of its most indebted regions were cut to 'junk'.

Budget 2012: IFS warns Budget is based on optimistic assumptions

George Osborne is at risk of breaking his golden economic rules because his Budget appears to be based on optimistic assumptions about tax revenues, the Institute for Fiscal Studies (IFS) has warned.

Moody’s junks Hungary

Hungary has joined Portugal in the credit junkyard after Moody’s downgraded its foreign and local currency bonds to Ba1 from Baa3, ending 15 years of investment status.