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<title><![CDATA[RSS for Growth-Killing Spending Cuts]]></title>
<description><![CDATA[Watch breaking news videos and read news updates about Growth Killing Spending Cuts on FOXBusiness.com.]]></description>
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<title><![CDATA[Portuguese leaders build faith in bailout exit]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/23/portuguese-leaders-build-faith-in-bailout-exit/?]]></link>
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<pubDate><![CDATA[Thu, 23 May 2013 04:14:37 EDT]]></pubDate>
<description><![CDATA[President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a share of the credit for himself.]]></description>
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<title><![CDATA[Aviation Industry to Government: Cut the Red Tape]]></title>
<link><![CDATA[http://www.foxbusiness.com/government/2013/05/20/aviation-industry-to-government-cut-red-tape/?]]></link>
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<pubDate><![CDATA[Mon, 20 May 2013 16:28:17 EDT]]></pubDate>
<description><![CDATA[Aviation industry executives from Europe and North America appealed to governments to ease the way ahead by cutting taxes and red tape. ]]></description>
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<title><![CDATA[IMF: U.S. Cutting Budget Deficits Too Quickly]]></title>
<link><![CDATA[http://www.foxbusiness.com/industries/2013/05/20/imf-us-cutting-budget-deficits-too-quickly/?]]></link>
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<pubDate><![CDATA[Mon, 20 May 2013 16:13:07 EDT]]></pubDate>
<description><![CDATA[The IMF on Monday said the U.S. is getting carried away with government austerity, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit.]]></description>
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<title><![CDATA[BOE's King Says More Steps Needed for Growth]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/19/boe-king-says-more-steps-needed-for-growth/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/19/boe-king-says-more-steps-needed-for-growth/</guid>
<pubDate><![CDATA[Sun, 19 May 2013 20:56:43 EDT]]></pubDate>
<description><![CDATA[The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday. "We are seeing a recovery.]]></description>
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<title><![CDATA[BOE's King: More Needs to Be Done for UK Recovery]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/19/boe-king-more-needs-to-be-done-for-uk-recovery/?]]></link>
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<pubDate><![CDATA[Sun, 19 May 2013 06:35:01 EDT]]></pubDate>
<description><![CDATA[The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday. "We are seeing a recovery.]]></description>
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<title><![CDATA[Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/risks-for-cyprus-are-unusually-high-adoption-austerity-plan-imperative-imf/?]]></link>
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<pubDate><![CDATA[Fri, 17 May 2013 10:25:33 EDT]]></pubDate>
<description><![CDATA[The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.]]></description>
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<title><![CDATA[Jobless claims jump in warning sign for labor market]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/16/jobless-claims-jump-in-warning-sign-for-labor-market/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 08:36:01 EDT]]></pubDate>
<description><![CDATA[The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity.]]></description>
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<title><![CDATA[Weekly Jobless Claims Rise More than Expected]]></title>
<link><![CDATA[http://www.foxbusiness.com/economy/2013/05/16/weekly-jobless-claims-rise-more-than-expected/?]]></link>
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<pubDate><![CDATA[Thu, 16 May 2013 08:25:32 EDT]]></pubDate>
<description><![CDATA[Initial claims for unemployment benefits jumped by 32,000 to 360,000, the fastest pace in six months and a worrisome sign for the economy which has been hit by government austerity.]]></description>
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<title><![CDATA[Eurozone in Longest Recession on Record]]></title>
<link><![CDATA[http://www.foxbusiness.com/markets/2013/05/15/eurozone-economy-shrinks-in-1q-core-still-struggles/?]]></link>
<guid>http://www.foxbusiness.com/markets/2013/05/15/eurozone-economy-shrinks-in-1q-core-still-struggles/</guid>
<pubDate><![CDATA[Wed, 15 May 2013 07:18:42 EDT]]></pubDate>
<description><![CDATA[The 17-member currency bloc's economy contracted slightly more than economists forecast in the first quarter.]]></description>
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<title><![CDATA[Greek Program Back on Track, But More Austerity Seen]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/13/greek-program-back-on-track-but-more-austerity-seen/?]]></link>
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<pubDate><![CDATA[Mon, 13 May 2013 13:35:01 EDT]]></pubDate>
<description><![CDATA[Greece is on track to meet its budget targets this year and next but may have to make further cuts in 2015 and 2016, the European Commission said in a report that will provide the basis for a decision Monday on whether to release more bailout loans for the country.]]></description>
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<title><![CDATA[France Finance Min: Need to go far as possible in Bank Union under Current Treaties]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/13/france-finance-min-need-to-go-far-as-possible-in-bank-union-under-current/?]]></link>
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<pubDate><![CDATA[Mon, 13 May 2013 10:15:38 EDT]]></pubDate>
<description><![CDATA[French Finance Minister Pierre Moscovici said Monday that Europe can go a long way within existing treaties towards creating a single authority for winding down failing banks.]]></description>
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<title><![CDATA[Portugal bailout review completed: government]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/12/portugal-bailout-review-completed-government/?]]></link>
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<pubDate><![CDATA[Sun, 12 May 2013 16:17:31 EDT]]></pubDate>
<description><![CDATA[Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro tranche of the rescue package.]]></description>
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<title><![CDATA[Mixed signals for the global economy]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/12/mixed-signals-for-global-economy/?]]></link>
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<pubDate><![CDATA[Sun, 12 May 2013 15:15:41 EDT]]></pubDate>
<description><![CDATA[A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan.]]></description>
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<title><![CDATA[EBRD Cuts 2013 Growth Forecasts Russia, East Europe]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/10/ebrd-cuts-2013-growth-forecasts-russia-east-europe/?]]></link>
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<pubDate><![CDATA[Fri, 10 May 2013 05:32:42 EDT]]></pubDate>
<description><![CDATA[The European Bank for Reconstruction and Development Friday slashed its growth forecast for Russia on a weak outlook for commodity exports, and said radical steps were needed to persuade local and foreign businesses to invest in the country.]]></description>
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<title><![CDATA[Greek Youth Unemployment Soars 60% in February]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/09/greek-youth-unemployment-over-60-percent-in-february/?]]></link>
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<pubDate><![CDATA[Thu, 09 May 2013 06:31:48 EDT]]></pubDate>
<description><![CDATA[The country's youth unemployment rate reflects the pain caused by the crippling recession after years of austerity under its bailout.]]></description>
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<title><![CDATA[U.K. Retail Sales Slump in April]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/07/uk-retail-sales-slump-in-april/?]]></link>
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<pubDate><![CDATA[Tue, 07 May 2013 23:15:09 EDT]]></pubDate>
<description><![CDATA[U.K. retail sales slumped by the biggest amount in a year in April, ending a run of improving economic figures just as the International Monetary Fund arrives in London for its latest health check on the U.K. economy.]]></description>
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<title><![CDATA[UK BRC Retail Sales Slump in April ahead of IMF's Visit]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/07/uk-brc-retail-sales-slump-in-april-ahead-imf-visit/?]]></link>
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<pubDate><![CDATA[Tue, 07 May 2013 19:15:40 EDT]]></pubDate>
<description><![CDATA[U.K. retail sales slumped by the biggest amount in a year in April, ending a run of improving economic figures just as the International Monetary Fund arrives in London for its latest health check on the U.K. economy.]]></description>
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<title><![CDATA[China exports set to underscore worries over U.S., Europe demand]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/07/china-exports-set-to-underscore-worries-over-us-europe-demand/?]]></link>
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<pubDate><![CDATA[Tue, 07 May 2013 17:14:07 EDT]]></pubDate>
<description><![CDATA[China's trade data on Wednesday is expected to underline concerns about the pace of a U.S. recovery and recession in Europe and that economic growth in the world's second-biggest economy is struggling to pick up.]]></description>
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<title><![CDATA[EU's Barnier calls on France to pursue economic reforms]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/04/eu-barnier-calls-on-france-to-pursue-economic-reforms/?]]></link>
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<pubDate><![CDATA[Sat, 04 May 2013 06:17:39 EDT]]></pubDate>
<description><![CDATA[European Union Internal Market Commissioner Michel Barnier, the EU's top financial regulator, called on the French government to pursue its planned reforms despite the Commission allowing two more years to meet its budget deficit target.]]></description>
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<title><![CDATA[EU Suggests More Time for Deficit Reduction]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/03/eu-suggests-more-time-for-deficit-reduction/?]]></link>
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<pubDate><![CDATA[Fri, 03 May 2013 14:35:03 EDT]]></pubDate>
<description><![CDATA[European Union authorities Friday suggested government austerity policies should be relaxed in a number of countries because of grim economic conditions.]]></description>
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