Stacey Vanek Smith
Dec 9, 2011 Markets breathed a sigh of relief last week as central banks around the world agreed to joint action to fight the European debt crisis. But according to someone on the front lines in 2008, this could mean things are worse than we know.
Dec 9, 2011 The crisis in Europe has hurt worldwide demand for goods, and workers in China are protesting against the lost wages that come with decreased output
Dec 9, 2011 Britain and three other countries are out of the picture, but those remaining believe the new treaty will mean much more balanced budgets on the continent in the future.
Dec 14, 2011 A new fiscal pact leaves the U.K. and three other nations out in the cold, as European leaders scramble to convince investors that they have diffused the debt bomb at the European summit in Brussels
Dec 9, 2011 A deal was reached among the majority of countries in the European Union at today's summit, but a few countries are sticking on the sidelines.
Dec 9, 2011 European leaders meet in Brussels for yet another summit to determine the fate of the EU, and Britain has announced it won't sign off on any fiscal union. Another summit wraps up in South Africa today, as the UN concludes its climate talks. Richard Cordray was blocked by Senate Republicans from an appointment as head of the Consumer Financial Protection Bureau.
Dec 9, 2011 The EU plan still has to be ratified, and if the deal collapses, it could hit everything from the stock markets to the job outlook for Americans.
Dec 9, 2011 European countries agree to a deal on balanced budgets and debt reduction. A unanimous vote wasn't reached, but the BBC's Andrew Walker says investors already had limited expectations.
Dec 8, 2011 Critics have been complaining that Germany has grown too dominant in the EU, a sharp turn from previous complaints that the country wasn't doing enough to solve the problem.
Stacey Vanek Smith
Dec 8, 2011 Representatives from countries like Finland fear that tomorrow's summit could force their hand on some issues, and create a new culture in the eurozone where powerful countries trump the rest.