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PODCAST: A less-than-perfect (European) Union
Mary Dooe Dec 9, 2011
European leaders meet in Brussels for yet another summit to determine the fate of the EU, and Britain has announced it won't sign off on any fiscal union. Another summit wraps up in South Africa today, as the UN concludes its climate talks. Richard Cordray was blocked by Senate Republicans from an appointment as head of the Consumer Financial Protection Bureau.
Markets hoping that EU deal goes through as planned
Jill Schlesinger Dec 9, 2011
The EU plan still has to be ratified, and if the deal collapses, it could hit everything from the stock markets to the job outlook for Americans.
Markets had European debt drama 'baked in'
Andrew Walker Dec 9, 2011
European countries agree to a deal on balanced budgets and debt reduction. A unanimous vote wasn't reached, but the BBC's Andrew Walker says investors already had limited expectations.
Do multinational summits actually work?
Steve Chiotakis Dec 9, 2011
Some economists say today's summit will be remembered as a successful moment -- when eurozone countries met and got their act together. Katharina Gnath is an associate fellow at the German Council on Foreign Relations and has studied G8 and G20 summits.
Britain refuses to join in European treaty changes
Stephen Beard Dec 9, 2011
An agreement among almost all of the European Union members was made in Brussels today, but Britain has decided to stay out of the plan, and insists that official EU institutions do as well.
Ex-Bank of England member: Central bank action an ominous sign
Stacey Vanek Smith Dec 9, 2011
Markets breathed a sigh of relief last week as central banks around the world agreed to joint action to fight the European debt crisis. But according to someone on the front lines in 2008, this could mean things are worse than we know.
How China is feeling the euro debt crisis
Rob Schmitz Dec 9, 2011
The crisis in Europe has hurt worldwide demand for goods, and workers in China are protesting against the lost wages that come with decreased output
Most euro leaders agree on plan for fiscal austerity
Steve Chiotakis Dec 9, 2011
Britain and three other countries are out of the picture, but those remaining believe the new treaty will mean much more balanced budgets on the continent in the future.
Germany's tough role in euro debt crisis
Stephen Beard Dec 8, 2011
Critics have been complaining that Germany has grown too dominant in the EU, a sharp turn from previous complaints that the country wasn't doing enough to solve the problem.
Smaller euro countries fear pressure from France, Germany
Stacey Vanek Smith Dec 8, 2011
Representatives from countries like Finland fear that tomorrow's summit could force their hand on some issues, and create a new culture in the eurozone where powerful countries trump the rest.
