The Irish government announced a budget targeting the country's rapidly shrinking wealthy population, but this still may not be enough to win the bailed-out country further concessions from its international lenders, economists have warned.
Pensions in Britain will be hit by further cuts to tax relief announced on Wednesday by Finance Minister George Osborne. Analysts tell CNBC that the measures will not just affect Britain's high earners.
Greece's economy is in recession but there are reasons to be upbeat and the debt-laden nation will be able to rebound strongly as it works its way through reforms, European Central Bank governing council member Christian Noyer told CNBC.
The French politician who said Indian steel company ArcelorMittal should leave the country has told CNBC that his government is only acting like U.S. President Barack Obama.
British Chancellor George Osborne said on Sunday that it would be "catastrophic" to reverse his austerity policy,but Adam Posen, a former member of the Bank of England's Monetary Policy Committee, told CNBC that both Osborne's austerity package - and apocalyptic warnings - were self-defeating.