EU won't sanction France, Italy on budget yet

BRUSSELS (AP) — The European Union head office is opting not to sanction two of its biggest economies just yet for missing public finance targets and instead will give France and Italy until the spring to come up with better plans to cut their debts and deficits.

Italy asks EU to exclude infrastructure projects from deficits: minister

(Reuters) - Italy is asking the European Union to exclude spending on infrastructure projects from the calculation of national budget deficits, Transport Minister Maurizio Lupi was quoted as saying in Corriere della Sera newspaper.

European center-left launches election drive, attacks austerity

(Reuters) - European center-left parties called on Saturday for a change to austerity policies enacted to counter the euro zone crisis as they named Martin Schulz to be their candidate for next head of the European Commission.

IMF says Spanish recession 'may end soon'

MADRID: Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment rate, the IMF warned Wednesday.

Bosnia probably entering recession: Central Bank

SARAJEVO: Bosnia's economy is probably heading into recession, given falling exports and industrial output in the first half of the year, Central Bank governor Kemal Kozaric said in comments published by a Sarajevo newspaper on Friday.