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Europe Debt Crisis

For European Leaders, The Way Forward On Debt Crisis Remains Unclear

AP | SARAH DiLORENZO | Posted 12.23.2011 | Business

BRUSSELS — European leaders yet again put off the tough decisions needed to save the continent from its debt crisis but promised Sunday that a c...

Follow the Money: Behind Europe's Debt Crisis Lurks Another Giant Bailout of Wall Street

Robert Reich | Posted 12.05.2011 | Business
Robert Reich

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

German Parliament Passes Expanded Euro Fund

AP | MELISSA EDDY | Posted 11.29.2011 | Business

BERLIN — Germany kept alive hopes that the 17-nation euro currency can survive the sprawling debt crisis when lawmakers in Europe's largest econ...

IMF: Global Economy Entering Dangerous Phase

AP | By MARTIN CRUTSINGER | Posted 11.24.2011 | Business

WASHINGTON -- Top global finance officials are pledging to work decisively and in a coordinated way to deal with a European debt crisis and other dang...

Slovenia's Government Falls, Complicating European Debt Crisis

AP | By ALI ZERDIN | Posted 11.20.2011 | World

LJUBLJANA, Slovenia -- Slovenia's left-leaning government was ousted in a parliament confidence vote Tuesday, further complicating Europe's debt crisi...

Endgame for the Euro

Dimitri B. Papadimitriou | Posted 11.18.2011 | World
Dimitri B. Papadimitriou

It's certainly not too early to ask: What would a post-euro Europe look like... and what are the alternatives?

Debt Crisis Poses Challenge To European Unity

AP | By GABRIELE STEINHAUSER | Posted 11.17.2011 | Business

WROCLAW, Poland -- The latest backdrop for European financial crisis talks was Wroclaw, Poland – or Breslau, as the picturesque city on the Oder...

Geithner To Float Leveraging Euro Rescue Along Lines Of U.S. Program

Posted 11.15.2011 | Business

WROCLAW, Poland (Reuters) - Treasury Secretary Timothy Geithner is likely to suggest to European finance ministers on Friday that they leverage th...

Federal Reserve Looks To Support Economy With Less Drastic Measures

Posted 11.14.2011 | Business

(Mark Felsenthal) - The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on lo...

Could Europe's Economic Crisis Sink Us?

The Daily Beast | ZACHARY KARABELL | Posted 11.13.2011 | Business

As Americans fixate on the battle for the Republican presidential nomination and the continuing travails of the U.S. economy, the real story in financ...

European Optimism Slips As Leaders Struggle To Contain Crisis

AP | By DAVID McHUGH | Posted 10.30.2011 | Business

FRANKFURT, Germany -- Business and consumer sentiment in the 17 countries that use the euro fell in August, reinforcing fears that the region's econom...

European Endgame

Johan Norberg | Posted 10.24.2011 | World
Johan Norberg

If you owe your bank a hundred dollars, you have a problem. But if you owe it a million, it has a problem, the saying goes. Today we can add that if the governments of Italy, Spain, Portugal, Greece and Ireland owe your banks one trillion dollars, we're all dead.

Could Europe Provoke a World Crisis?

Georges Ugeux | Posted 10.24.2011 | Business
Georges Ugeux

Europe's debt crisis and its responsibility for the U.S. market decrease has made me wonder: Could a worsening of the European crisis drag the United States and the world into a catastrophe worse than the 2008 collapse of Lehman Brothers?

Market Manipulation Amid the Mayhem

Diane Francis | Posted 10.15.2011 | Business
Diane Francis

It's been a week of thuggery on London streets, Syria's cities and on stock markets.

Greece's Prime Minister: 'It Is Time For Europe To Wake Up'

Posted 09.15.2011 | World

ATHENS, July 16 (Reuters) - Greece's Prime Minister George Papandreou ruled out bankruptcy for his debt-choked country and said it was time for Eu...

Is Europe's Debt Crisis A "Lehman Moment" For America?

Reuters | Mohammed A. El-Erian | Posted 09.04.2011 | Business

With its high unemployment and stretched balance sheets, today’s US economy can ill-afford a negative shock from abroad. Yet, this is what it is exp...

Greek Debt Crisis Worsens: Prime Minister George Papandreou Admits Another €110 Billion Needed To Prevent Default

Sheldon Filger | Posted 08.21.2011 | Business
Sheldon Filger

I was not alone in being skeptical as the first European/IMF bailout package was cobbled together last year when the Greek sovereign debt crisis first...

How A Second Euro Could Save Europe

CNN Money | Cyrus Sanati | Posted 05.25.2011 | Business

The European sovereign debt crisis may be off the front pages while all eyes are on Egypt, but that doesn't mean its problems are any closer to being ...

Irish Official: Bailout Deal Coming Sunday

Wall Street Journal | By QUENTIN FOTTRELL | Posted 05.25.2011 | World

DUBLIN--Irish Communications Minister Eamon Ryan said Saturday that talks between the EU and the International Monetary Fund on an €85 billion ($112...

How Likely Is Default In Europe?

New York Times | Simon Johnson | Posted 05.25.2011 | Business

The big question of the week in Europe is deceptively simple -- will any countries that share the euro as their currency default on their government o...

Gold Hits Record High

AP | SANDY SHORE | Posted 05.25.2011 | Business

Gold prices settled at a record high Tuesday following renewed worries about European banks and the global economy. Gold for December delivery added ...

Can The EU Survive Europe's Crisis?

AP | JANE WARDELL | Posted 05.25.2011 | World

LONDON — Forged out of the ashes of World War II and the end of the Cold War, the European Union was meant to create peace and prosperity across...

Joseph Stiglitz: Banks 'Gutted' Almost Every Provision In The Financial Bill

ABC | Posted 05.25.2011 | Business

Joseph Stiglitz is a Nobel laureate, a former chief economist of the World Bank and he chaired Bill Clinton's presidential council of economic advisor...

EU Bank "Stress Tests": Only 7.6% Fail

AP | PAN PYLAS | Posted 05.25.2011 | Business

LONDON — The results are in: Only seven of 91 European banks flunked the "stress tests" aimed at clearing up market fears about the strength of ...

European Debt Crisis: EU Plans Closer Spending Scutiny

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — European Union officials urged a crackdown on widespread government overspending, calling Wednesday for much closer economic coordina...