Jun 26, 2012 The tiny Mediterranean island nation of Cyprus is formally asking for a bailout from Europe. The country says it needs more than $10 billion from its eurozone partners to avoid default.
Heidi N. Moore
Jun 22, 2012 After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.
Jun 19, 2012 If yesterday was all about Greece, today belongs to Spain. Concern about Spanish banks has pushed the government's borrowing costs over 7 percent. That's a level that pushed other smaller European countries -- like Greece -- over the edge.
Jun 19, 2012 A conversation with Neel Kashkari, the former head of TARP and now head analyst with PIMCO, on what Europe can learn from the U.S.'s own financial storm.
Jun 18, 2012 The stabilizing election result in Greece does not change the reality that banks are on the brink in a number of European countries. And there's hot debate in Europe over just how much the European Central Bank should do to bailout the banks -- a problem we can relate to here in the states.
Heidi N. Moore
Jun 11, 2012 A closer look at Spain's economy shows its fundamental problems won't be simply solved by the $125 billion bailout.
Jun 11, 2012 European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
Jun 11, 2012 Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Jun 11, 2012 Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?