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The leader of Greece's main conservative party has said party members must back the country's latest austerity measures and called for a snap election. Meanwhile, Greek trade unions have intensified their general strike.
Some of Italy's largest banks have had their credit ratings slashed by S&P, a month after the Italian state saw its own creditworthiness cut. Prime Minister Mario Monti played down the bank downgrades.
As Greece prepares to accept new austerity measures, questions have arisen about the ECB's methods. A controversial bond swap is intended to cut Greek debt, but could be a subsidy in disguise.
Spain's center-right government hopes a string of new labor reforms will make it easier to get to grips with public deficits and cushion the impact of a looming recession. Creating new jobs remains a top priority.
The head of Franco-German aerospace giant EADS says the corporation will push through up to 350 million euros in savings before the year's end.
US imports surpassed the country's exports by almost $600 billion (454 billion euros) last year amid signs of a recovery. But the widening trade gap with China is reason to worry.
Germany's federal criminal agency is said to have ordered the deletion of data related to the neo-Nazi terror investigation, according to a newspaper report.
Voters in the German city of Duisburg will decide the political fate of their controversial mayor on Sunday. Residents who blame Adolf Sauerland for 21 deaths at the Love Parade music festival in 2010 forced the vote.
The international copyright treaty is meant to improve the protection of intellectual property. But critics fear the deal could severely restricts Internet freedoms.