GlobalPost.com – 11/03/13 A report released on Monday showed that the Portuguese economy contracted by 3.2%, its most severe annual decline in 37 years. Last month the national statistics institute Ine estimated…

Reuters.com – 08/03/13 On Friday, French Prime Minister Jean-Marc Ayrault announced that ministries are expected to cut a further €5billion next year. Last month, the government admitted that EU directed deficit ceiling…

  Reuters.com – 22/02/13 The United Kingdom saw its first ever sovereign credit ratings downgrade from major rating agency, Moody’s on Friday. Moody’s downgraded the UK one notch from Aaa to Aa1,…

Reuters.com – 22/02/13 On Friday, the European Commission announced that the EU will not experience growth until 2014. The European Commission have reversed their position from expecting growth in 2013, to now…

Reuters.com – 13/02/13 The French government have admitted that they will not meet their deficit target of 3% of nominal GDP by the end of this year, an agreement that was made…

PowerEnergy.com – 11/02/13 EDF Energy are in talks with the British government over state backing of the nuclear site at Hinkley Point. EDF are asking Treasury to guarantee some of the costs…

BBC News – Véronique Guillermard – 04/02/13 Bristish Gas owners, Centrica, will not be involved in new nuclear projects in the UK. Centrica were offered a 20% stake in the four new reactors being…

BBC News – 04/02/13 A report released by the Public Accounts Committee says that the cost of cleaning up the nuclear waste site Sellafield has reached £67.5bn. According to the report, there…