May 30, 2012 The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.
May 30, 2012 The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Heidi N. Moore
May 30, 2012 Spain now pays more than 6.6 percent on its 10-year bonds. The U.S. pays just over 1.6 percent. Eurozone debt, however, may yet hurt both sides of the Atlantic.
Jun 21, 2012 The big story in Brussels, as it has been for the last two years, is the eurozone crisis. So is any progress being made?
May 30, 2012 Commentator Robert Reich says lawmakers need to apply the brakes on automatic spending cuts and tax increases set to go into effect at the end of the year or the U.S. may face a new recession.
May 29, 2012 A poll this weekend shows Greek voters support politicians who favor the EU bailout of Greece. Elections earlier this month rattled the markets when voters came out in favor of political groups that opposed the bailout and austerity.
Jun 21, 2012 Although Spanish culture frowns upon talking about money, a financial crisis there is teaching everyone a little more about economics.
May 28, 2012 The Spanish government is wrangling with how to rescue its troubled banks. The Spanish bank Bankia needs about $24 billion in new capital.
May 28, 2012 Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.