French finance minister Pierre Moscovici adjusts his glasses during a news conference on the 2014 budget at the Economy ministry in Paris. Photograph: Charles Platiau/Reuters.

French finance minister Pierre Moscovici has said the pace of economic reform can not be accelerated, as he fended off criticism the country was relyi(...)

French junior minister in charge of French nationals abroad Helene Conway-Mouret. Photograph: Bertrand Langlois/AFP/Getty Images

France has always been a country of immigration, but now increasing numbers of young people, usually from the upper middle classes, are going abroad. (...)

Portugal’s president Anibal Cavaco Silva makes a statement to the media at Belem Palace in Lisbon. Photograph:  Rafael Marchante/Reuters

Portugal’s political crisis deepened today after the president rejected a plan to heal a government rift and critics accused him of igniting a “time b(...)

Portugal’s Finance Minister Vitor Gaspar resigned yesterday citing the need for greater cohesion in the government.

Portugal’s finance minister Vitor Gaspar, the architect of the country’s €78 billion EU/IMF bailout plan, has resigned and will be replaced by the cou(...)

People queue to buy toilet paper in a supermarket in Caracas. Supplies of food and other basic products have been patchy in recent months, with long queues forming at supermarkets and rushes occurring when there is news of a new stock arrival. The situation has spawned jokes among Venezuelans, particularly over the lack of toilet paper. The government announced this week it was importing 50 million rolls to compensate for ’over-demand due to nervous buying’. Photograph: Jorge Silva/Reuters

With no miracle in sight, Roman Catholic churches are being asked to ration wine in the latest shortage to illustrate Venezuela’s economic troubles.A (...)

Venezuelans pose with their ink-stained fingers after voting for the successor of late president Hugo Chavez, in Caracas . Photograph: Tomas Bravo/Reuters.

Venezuelans lined up today to vote whether to honour Hugo Chavez's dying wish for a long-time loyalist to continue his hardline socialism or ha(...)

French prosecutors have opened a formal tax fraud investigation  into allegations that former budget minister Jerome Cahuzac held a secret bank account in Switzerland. Photograph: Charles Platiau/Reuters

France's former budget minister, forced to resign after revelations he held a secret Swiss bank account, has allowed Swiss authorities to pass acco(...)

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