May 2, 2012 European finance ministers are meeting today about how much money banks should have around in case of emergency. Banks argue the more that's set aside the less they have to lend and invest.
May 3, 2012 For many Europeans, the effects of the debt crisis are felt very close to home -- with unemployment soaring and manufacturing suffering.
Apr 30, 2012 Academics find a useful way of describing what kind of crisis the eurozone is facing.
Apr 30, 2012 In a matter of days, two countries at the center of the European debt crisis will hold elections: France is on the verge of electing a socialist as president and Greece may also shake up its leadership. But it's Spain that's causing some heartburn today.
Apr 30, 2012 Spain has officially slipped back into recession and to make matters worse, Standard & Poor’s has downgraded the credit rating on 11 Spanish banks. That makes it harder for those banks to borrow money.
Apr 30, 2012 Economist Edward Hugh discusses how Spain's economic woes compare to Greece and whether the country is "bailout-able."
Apr 26, 2012 The Fed has ended its two-day meeting and the conclusion is the economy isn't bad enough to take new action now.
Apr 26, 2012 The Federal Reserve won't be taking any major new steps to help the economy at this time, and the reason is that the Fed expects the U.S. economy to grow at about 3 percent this year.
Apr 26, 2012 The Federal Reserve has upgraded its forecast for the U.S. economy in 2012 but also downgraded its outlooks for 2013 and 2014. There are worries the U.S. could fall back into recession just like the U.K. did.
Apr 23, 2012 Incumbent Nicolas Sarkozy came in second yesterday to Socialist Francois Hollande in the first round of voting. The two candidates will face a run-off on May 6th, and the ultimate outcome could have big consequences for Europe's debt crisis.