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European Banks Unable To Raise Adequate Capital Could Be Fined

Posted 09.19.2011 | Business

LONDON (Huw Jones) - Banks in the European Union could face fines of up to 10 percent of turnover if they fail to comply with tougher capital and ...

Why We Should Learn From History

Saftar Sarwar | Posted 09.18.2011 | Business
Saftar Sarwar

We have regional economic differences never mind cross-country divergences of economic growth, inflation, unemployment and so forth. Why should the Eurozone be any different?

Schuman: Can Sovereign Defaults Tank The Global Economy?

TIME | Michael Schuman | Posted 09.18.2011 | Business

Investors are running for the hills these days, shaken to the core by fears that sovereign defaults will roil global markets and derail the shaky reco...

If Europe Is a Bellwether for America: Economic Ruin... Comin' Right Up!

The Relentless Conservative | Posted 09.14.2011 | Politics
The Relentless Conservative

There is a real, proven dynamic indicating that what happens in Europe tends to make its way over here. It's not at all like Las Vegas.

Eight European Banks Flunk Stress Tests

Associated Press | Posted 09.14.2011 | Business

FRANKFURT, Germany (AP) — Europe's banking regulator says eight of 90 banks flunked stress tests that project how they would fare in another recessi...

Ireland's Credit Rating Downgraded To Junk By Moody's

Posted 09.11.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - Moody's Investors Service on Tuesday cut Ireland's credit rating to junk status, saying the count...

Europe Acknowledges Greek Default May Be Necessary

Posted 09.11.2011 | Business

BRUSSELS (Julien Toyer and Luke Baker) - European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for th...

Saving Greece or Saving the Euro?

Azeem Ibrahim | Posted 09.10.2011 | World
Azeem Ibrahim

Perhaps it is time for the EU to not just swallow its pride and ask the IMF for help, but to take allow the weaker economies to secede from the Eurozone, releasing the others from their obligation to keep bailing them out.

Germany Confident Italians Will Institute Austerity

Posted 09.10.2011 | Business

BERLIN (Erik Kirschbaum, Eric Kelsey and Sarah Marsh) - Germany's government has full confidence in Italy to take the necessary decisions regardin...

Party Over in Greece

Danna Harman | Posted 09.07.2011 | World
Danna Harman

The problem now is that its not just the top echelons who are guilty of the damage done. The whole country seems to have followed the example of their leaders and jumped in to participate in the corrupt system, working it to their benefit.

Small Business and Sovereign Debt

Grace Fodor | Posted 09.06.2011 | Business
Grace Fodor

When Lehman fell in 2008, we were growing our fledgling beauty business at around 400 percent year on year with all of the risks and challenges that involves.

Europe Alleges Credit Rating Agencies Are Bias Against EU

Posted 09.05.2011 | Business

BRUSSELS (Luke Baker) - Europe issued a full-throated assault on credit ratings agencies on Wednesday, saying there were signs of bias against the...

Portugal's Credit Rating Downgraded To Junk Territory By Moody's

Posted 09.04.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - Moody's Investors Service on Tuesday slashed Portugal's credit rating into junk territory, saying...

One In Six European Banks Are Set To Fail Stress Tests

Posted 08.28.2011 | Business

FRANKFURT/BRUSSELS (Marc Jones and John O'Donnell) - Up to one in six European banks is set to fail an EU-wide financial health check, according t...

George Soros: Country Leaving Euro Currency 'Probably Inevitable'

Posted 08.26.2011 | Business

VIENNA - Billionaire investor George Soros thinks a country will eventually exit the euro zone and urged policymakers on Sunday to come up with a ...

Greek Finance Minister Presents Austerity Plan

Associated Press | Elena Becatoros | Posted 08.24.2011 | Business

ATHENS, Greece (AP) -- Greece's finance minister presented details of harsh spending cuts and tax hikes to a parliamentary committee on Friday, after ...

Antitrust Questions Loom Over European Stock Exchange Merger

Posted 08.24.2011 | Business

NEW YORK (Jonathan Spicer) - Complex antitrust questions hang over Deutsche Boerse AG and NYSE Euronext just weeks before shareholders decide whet...

European Banks, Finance Officials Discuss New Greek Rollover Plan

Posted 08.24.2011 | Business

LONDON/FRANKFURT (Alex Chambers, Jonathan Gould and Philipp Halstrick) - European banks and finance officials are discussing a proposal to replace...

Greece Seals Austerity Deal With EU And IMF: Reuters

Posted 08.23.2011 | Business

Greece won the consent of international lenders on Thursday for a five-year austerity plan intended to avoid looming bankruptcy and its prime mini...

El-Erian: European Debt Crisis Will Be Solved 'Through Default'

Posted 08.22.2011 | Business

TAIPEI - The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to reso...

Bonnie Kavoussi

High Stakes: Confidence Vote In Greece (LIVEBLOG, UPDATES) | Bonnie Kavoussi | Posted 08.21.2011 | Business

Greece's Parliament is expected to take a confidence vote on the country's political leadership at around 5 p.m. EDT Tuesday. The vote will not only d...

Fitch Still Sees Risk Of Greek, U.S. Debt Defaults

Posted 08.21.2011 | Business

SINGAPORE (Masayuki Kitano) - Fitch Ratings said on Tuesday that it would regard a voluntary rollover of Greece's sovereign bond maturities as a d...

Oil Prices Hit Four-Month Low Amid European Crisis

Posted 08.20.2011 | Business

LONDON (Zaida Espana) - Crude oil prices fell by more than $1 on Monday, extending last week's losses, with risk aversion rising after euro zone f...

World Stocks, Crude Prices Fall After Europe Delays Greek Decision

Posted 08.20.2011 | Business

LONDON - (Dominic Lau) - World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped aft...

Greek Bailout Deal Likely By Sunday: Top EU Official

AP | GABRIELE STEINHAUSER and PAN PYLAS | Posted 08.16.2011 | Business

BRUSSELS — Greece is likely to get enough money from the European Union and the International Monetary Fund to survive through the summer, but p...