Austria's EU exit would be highly damaging to economy: study

A hypothetical Austrian exit from the European Union (EU) would be highly damaging to its domestic economy, a new study claimed Tuesday.

UN: 'Arab Spring' cost Middle East economies $600bn

The so-called Arab Spring of 2011 has cost the region's economies an estimated $614bn of growth because of governmental changes, continuing conflict and falling oil prices, according to a United Nations agency.

Ireland introduces counter measures to reduce Brexit impact

The Irish government said on Tuesday it has introduced a number of specific measures to help firms that might be affected by the uncertainty caused by Britain's vote to leave the European Union (EU).

Italy's National Debt Hits Record High, Reaches Some $2.5 Trillion

 Italy's public debt reached a historic high in June, exceeding 2.249 trillion euros ($2.518 trillion), the country's central bank said Friday.

Spain to receive record number of 68 mln int'l tourists

Spain is expected to reach a new record high in the number of international visitors receiving around 68 million of tourists, Spanish newspaper Expansion reported on Wednesday.

Kiev Breached $3Bln Russian Loan Conditions as State Debt Topped 60% GDP

Kiev breached the conditions on a $3 billion Russian loan once Ukraine's state debt topped 60 percent of the country’s Gross Domestic Product (GDP) and Moscow may immediately demand the loan repayment, Russian Finance Minister Anton Siluanov said Saturday.