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European Central Bank disappoints investors with non-action
Stephen Beard Aug 2, 2012
Investors had been hoping that ECB President Mario Draghi would unveil something big to help solve the European debt crisis. Instead, Draghi offered only vague commitments.
Chrysler now rescues its savior: Fiat
Bob Moon Aug 1, 2012
Chrysler's sales surge and buoy Fiat, the company that rescued it. The reversal reflects the relative strength of the U.S. economy over Europe.
ECB head pledges to do 'whatever it takes' to save euro
Stephen Beard Jul 26, 2012
What can the European Central Bank really do to help the euro and what obstacles might be in its way?
What's up, Europe? Small talk turns to finance in Italy
Tess Vigeland Jul 24, 2012
A number of Southern Italian cities, including the entire province of Sicily, are on the verge of bankruptcy.
Troika inspectors meet in Greece for progress report
Jeff Horwich Jul 24, 2012
The European Commission, the European Central Bank, and the IMF began meetings in Greece today -- they'd like to know what structural reform progress has been made in return for billions in bailout money.
Spanish borrowing costs up, German rating may go down
Juli Niemann Jul 24, 2012
Spain's borrowing costs are up to 7.5 percent -- the higest since it joined the euro. As a result of the regional crisis, Moody's announced today that it is poised to lower Germany's credit rating to AA.
Spain leads to more woes for Europe
Julia Coronado Jul 23, 2012
New fears of a Spanish recession despite bailout measures are shaking global markets today as the threat of Greece's economic crisis still looms large in the region.
New fears of Spanish bailout rise
Stephen Beard Jul 23, 2012
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
Italian debt rating downgraded two levels
Stephen Beard Jul 13, 2012
In Europe today, the focus has shifted from Spain to Italy, in the ongoing EU debt crisis. Moody's credit rating agency has downgraded Italian debt to just two levels above junk status.
Europeans get vacation 'do-over'
Stephen Beard Jul 6, 2012
In Europe, high courts have upheld workers' right to reclaim vacation days marred by illness or injury.
