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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.
Weekly unemployment dip due to auto industry
Diane Swonk Jul 12, 2012
This morning the Labor Department reported the number of people applying for unemployment benefits fell by 26,000 last week to 350,000, the best number since March of 2008. Analysts point to the auto industry's seasonal production schedule as the source of the weekly dip.
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.
European contraction impacts U.S. exports
Mitchell Hartman Jul 2, 2012
Exports have been one of the few bright spots in the U.S. recovery, but they're slowing down.
Euro summit ends with two key agreements
Stephen Beard Jun 29, 2012
A summit of European leaders has yielded agreement on two key points. First, the EU as a whole will lend directly to banks wherever they get into trouble. Second, there's going to be a new agency to supervise banks across the continent.
European leaders reach deal to help banks
Jeremy Hobson Jun 29, 2012
There's a big EU summit going on in Brussels today, and it appears leaders have come up with an agreement that may help ease the debt crisis -- at least somewhat.
