Portugal’s parliament building in Lisbon. Photograph: Patricia de Melo Moreira/Getty Images

Portugal’s emergence from its long recession is a sign that the European austerity recipe may work, but it also poses a dilemma for Lisbon and its len(...)

German exports rose in April and imports surged even more, data showed today, suggesting Europe’s largest economy is regaining some momentum after it contracted at the end of 2012. Photograph: Tobias Schwarz/Files/Reuters.

German exports rose in April and imports surged even more, data showed today, suggesting Europe’s largest economy is regaining some momentum after it (...)