Moody’s Investors Service has cut its credit ratings for 26 Italian banks, citing their vulnerability to the country’s recession and the eurozone’s continuing economic crisis.

Greek political parties are holding last-ditch talks on forming a coalition government to avoid new elections that could end its eurozone membership.

German Chancellor Angela Merkel has acknowledged her conservative party’s heavy defeat in Germany's most populous state regional election, calling it “bitter and painful”.

Spain’s borrowing costs have once again risen to dangerous levels amid ongoing fears over the country's banking sector and political uncertainly in Europe.

Political turmoil in Greece continues as the leader of the moderate Democratic Left party says no unity government can be formed without the anti-austerity radical leftist Syriza party.

Newly-released data have shown that people in Portugal continued to suffer inflation-related pressures in the first quarter of 2012 following the increase in the price of gas, Press TV reports.

Italian Prime Minister Mario Monti has pointed to the possibility of calling in the army to deal with the violent protests in the country over the government’s economic policies.

The leader of Greece’s Radical Left party (Syriza) has refused to attend further talks on forming a coalition government, bringing the crisis-hit country one step closer to a repeat election.

Spaniards have once again staged a rally at the capital’s Puerta del Sol square to protest against the government’s harsh austerity measures.

The center-left opposition parties win the local elections in western Germany’s North Rhine-Westphalia, the country’s most populous state, in a development seen as a major blow to Chancellor Angela Merkel’s center-right party.

Greek conservative party leader Antonis Samaras says the country’s Radical Left (SYRIZA) coalition has refused to join or support a coalition government.

Thousands of opposition supporters have taken to the streets in a protest walk in the Russian capital Moscow to protest against the presidency of Vladimir Putin.

The Vatican has launched an investigation into allegations of sexual abuse of minors by seven priests from the Legion of Christ religious order.

German voters have gone to the polls to elect a state parliament in the western region of North Rhine-Westphalia as the chancellor brace for defeat in the state vote.

Greece's President Karolos Papoulias has been due to meet with political party leaders in a final attempt to create an emergency coalition and avoid fresh elections.

Greece's socialist leader has failed in his effort to form a coalition government, increasing the chance of a snap parliamentary election.

Italian police have clashed with angry anti-austerity protesters in the southern city of Naples, Press TV reports.

Ukrainian opposition parties have convened in Kiev to discuss ways to make changes to the country’s political landscape.

Bosnians have gathered in the eastern town of Bratunac to rebury the remains of Muslims killed by Serb forces in the country's civil war in the early 1990s.

Demonstrators from the Occupy Movement have taken to the streets in several countries across Europe to protest against economic conditions on the Global Day of Action.

Serbian opposition leader Tomislav Nikolic has threatened not to participate in the presidential run-off due to vote fraud in the first round.

German Chancellor Angela Merkel's center-right coalition is now on the knife edge as recent opinion polls showed a defeat for her party in regional elections in Germany’s most populous state.

Greece's socialist leader has failed in his effort to form a coalition government, increasing the chance of a snap parliamentary election.

According to the European commission’s forecasts, Spain will miss its 2012-2013 budget-deficit targets which consequently will contribute to the country’s remaining in recession for yet another year.

Hundreds of French policemen have held demonstrations in Paris to protest ‘degrading working conditions’ under Ex-president Nicolas Sarkozy’s government, Press TV reports.

Germany has threatened Greece to cut off bailout payments if the debt-laden country fails to implement the EU-IMF required austerity measures.

French president-elect Francois Hollande has stressed that he will not be deflected from his plan to change Europe’s fiscal austerity pact to growth.

Thousands of Spanish students have taken to the streets across the country to protest against the government’s new education cut plans.

Newly-released figures show that the unemployment rate in debt-ridden Greece hit record high in February, rising to 21.7 percent from a revised 21.3 percent in January.

A recent opinion poll indicates the widespread religious intolerance against the Muslim community in the Netherlands as Islamophobia intensified across Europe.

German Chancellor Angela Merkel has warned European governments against dismissing austerity measures despite widespread voters' anger over budget cuts.

Greece remains grappling with political uncertainty as the Socialist PASOK party is trying its chances at forming a coalition government, following last week's general elections.

Russia’s newly-inaugurated President Vladimir Putin has pulled out of the Group of Eight summit in Maryland, US, and ice-breaker talks with US President Barack Obama next week, the Kremlin says.

Greece’s leftist SYRIZA coalition and Socialist PASOK party have failed to agree on the formation of a coalition government.

Spanish shares have sharply plunged to close at their lowest level since 2003 over growing concerns for the country's stricken banking sector.

Russia has marked the 67th anniversary of the Soviet victory over Nazi Germany in World War II, in a ceremony watched over by newly-inaugurated President Vladimir Putin.

Former Ukrainian Prime Minister Yulia Tymoshenko has been moved from her jail to a nearby hospital to receive treatment following her decision to end the 19-day hunger strike.

The latest Russian made passenger plane with 46 people on board has gone missing during a demonstration flight near the Indonesian capital of Jakarta, reports say.

Head of Greece’s leftist SYRIZA coalition Alexis Tsipras is to meet with the country's pro-austerity leaders in an effort to break the deadlock over the formation of a new government.

Spain’s major teaching unions have planned to stage a one-day strike to voice their opposition against the government’s recent cuts in the state education system.