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Eurozone Crisis

German Finance Minister: Euro 'A Clear Success Story'

Reuters | Posted 03.02.2012 | Business

Policymakers marked the 10th anniversary on Sunday of the introduction of euro notes and coins by urging governments in the currency bloc to save and ...

2012: The Year Europe May Prove Politics and Economics Are the Same -- and Broken

Joe Trippi | Posted 03.01.2012 | World
Joe Trippi

As the end of 2011 neared, I looked at the Eurocrisis from a political perspective and concluded that the political system is incapable of solving the problem and probably will fail to do so. The markets will, sooner or later, figure this out.

Euro Drops To 11-Month Low On Debt Crisis Fears

AP | Posted 02.27.2012 | Business

NEW YORK — Fears that Europe's debt crisis is far from over pushed the euro to an 11 1/2-month low against the dollar Wednesday. The European C...

LIVE UPDATES Italian Short-Term Debt Costs Half At Auction, But Concerns Still Loom

Posted 12.28.2011 | Business

MILAN (Reuters) - Italian short-term debt costs halved at auction on Wednesday as a new package of budget austerity and an injection of cheap long...

Spanish Economy Minister: Spain To Fall Back Into Recession In 2012

AP | By CIARAN GILES | Posted 02.25.2012 | Business

MADRID -- Spain will slide back into recession early next year with the current quarter and the first of 2012 both registering negative growth, new Ec...

Japanese Officials: Europe Should Boost Its Rescue Fund

Posted 12.26.2011 | Business

TOKYO (Reuters) - Europe should boost the total firepower of its rescue fund and frontload its funding to send a positive signal to investors and ...

ECB Official Hints At More Help If Economy Worsens

Posted 12.24.2011 | Business

MILAN (Reuters) - European Central Bank Governing Council Member Ignazio Visco said in a newspaper interview on Saturday that the bank will be att...

Bonnie Kavoussi

Crunch Time: Bank Downgrade, Credit Squeeze Signal Possible Return To 2008 | Bonnie Kavoussi | Posted 12.15.2011 | Business

The situation in Europe is hitting global credit markets, making it harder for companies and banks to secure loans. Investors are buying fewer corpora...

Credit Raters and the Conventional Wisdom

Robert Teitelman | Posted 02.14.2012 | Business
Robert Teitelman

There is no way to "fix" the credit raters, just as there is no way anyone in his right mind believes that the price of a stock today will last more than a few minutes.

European Crisis: Pressure For More ECB Action After Summit Falls Short

Posted 12.14.2011 | Business

PARIS/FRANKFURT (Paul Taylor and Paul Carrel) - Pressure mounted on Wednesday for the European Central Bank to intervene more decisively after fin...

Bonnie Kavoussi

Banks At Risk As Crisis Drags On | Bonnie Kavoussi | Posted 12.12.2011 | Business

Concerns about a global slowdown sharpened on Monday as markets cast a vote of no confidence in Europe's leaders. Economists and analysts expressed wo...

Hints Europe's Crisis May Already Be Taking Toll On Corporate America

Posted 12.10.2011 | Business

NEW YORK (Caroline Valetkevitch) - On top of euro zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession ...

Bonnie Kavoussi

New European Treaty Won't Solve Immediate Crisis | Bonnie Kavoussi | Posted 12.09.2011 | Business

The agreement European leaders reached Thursday night was taken by some as a sign that the eurozone would avoid breakup. Not so fast. Economists, poli...

Europe's Currency Union: A Bad Marriage That May Have To End

Peter S. Goodman | Posted 02.08.2012 | Business
Peter S. Goodman

The European currency union has become like a bad marriage whose deep-seated problems have burst embarrassingly into public view, while the beleaguered partners stay together for the sake of the children. Maybe it's finally time for the unhappy couple to own up to the fact that they were never meant to be together.

Bonnie Kavoussi

The Next Bank Bailouts | Bonnie Kavoussi | Posted 12.09.2011 | Business

The bank bailouts of 2008 created a firestorm of public anger in the United States. Now European leaders are trying to avoid the same fate. It's not l...

Alice Hines

Bare Market: If Europeans Lose Their Shirts, American Retailers May Follow | Alice Hines | Posted 07.18.2012 | Business

In 1961, when Abercrombie & Fitch was still a hunting store, it sold Ernest Hemingway a "Boss," the double-barreled shotgun that he reportedly used to...

Into the Euro Danger Zone

Sean Kay | Posted 01.29.2012 | World
Sean Kay

The Irish people merit a direct discussion of how the next stage of the economic crisis will affect the nation. If the logic behind the Irish bailout no longer applies in systemic terms of contagion prevention, then what should the Irish and others do?

European Consumer Sentiment Hits Lowest Level In Years

Posted 11.29.2011 | Business

BRUSSELS (Robin Emmott) - Worries about the euro zone's debt crisis worsened in November and dragged the European Commission's economic and consum...

Greek Official Accused Of Falsifying Budget Data To Make Crisis Look Worse

Posted 11.28.2011 | Business

ATHENS (Reuters) - Greece's statistics chief will testify next month in a criminal investigation into allegations that his office falsified the bu...

Moody's: Crisis Puts EU Sovereign Ratings At Risk

Posted 11.28.2011 | Business

Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all...

What's the Risk From a Country Leaving the Eurozone?

Jared Bernstein | Posted 01.27.2012 | Business
Jared Bernstein

The more we learn about this one, the better. No one knows the likelihood of, say, Greece, to pull an example out of the air, pulling out of the Eurozone and reverting to the drachma. I'd guess not, but the potential is obviously real and growing.

'Awful' Italian Debt Sale Heightens Eurozone Stress

Posted 11.28.2011 | Business

MILAN (Valentina Za) - Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far abov...

German Bond Auction A 'Disaster,' As Investors Fear Crisis Could Spread To Strong Economies

Posted 11.23.2011 | Business

LONDON (Reuters) - A "disastrous" sale of German benchmark bonds sparked fears on Wednesday the debt crisis was beginning to threaten even Berlin,...

Banker Power Trumping Democratic Power: The Crisis on Two Continents

David Coates | Posted 01.18.2012 | Politics
David Coates

A crisis of economics has been turned into a crisis of democracy. It is an outrage. If the next decade is not to be lost, it is absolutely vital that, in the clash between money and the people, the people win.

Greek Officials: Country's Deficit Will Fall, No New Austerity Needed

AP | By NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 11.18.2011 | Business

ATHENS, Greece -- Greece predicted Friday that its budget deficit will fall sharply next year and insisted that no fresh austerity measures will be ne...