Jun 4, 2012 Today three big banks in Portugal were forced to draw on $8.25 billion worth of European Union bailout money to weather the current financial storm. Portugal has been slogging through very tight budgets in order to be eligible for money like this.
Jun 1, 2012 Yesterday discount travel website Kayak announced it’s putting off going public. In the UK, luxury jeweler Graff Diamonds has made a similar move, and today Formula One announced it’s shelving its IPO.
Jun 21, 2012 What might an American audience appreciate about the news in Paris right now, and what's on everybody's mind in France?
Jun 1, 2012 A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
May 31, 2012 Spain's Deputy Prime Minister, Soraya Saenz, will head to Washington to discuss ways to resolve the Spanish banking crisis with Treasury Secretary Tim Geithner.
May 31, 2012 Experts say the European debt crisis could derail halting economic growth in the U.S., but do Americans care?
Jun 21, 2012 It's a gray day in Dublin, as the Irish vote on the European Union's fiscal stability treaty. Will a yes vote really solve Ireland's problems?
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.