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What’s up, Europe? Mass protests in Greece and Spain
Stephen Beard Sep 27, 2012
Markets are shaken by the mass protests against austerity measures in Greece and Spain. Investors are questioning their earlier optimism over the prospects of recovery in Europe.
Greeks take part in nationwide strike
Jeremy Hobson Sep 26, 2012
Greece has been shut down today because of a huge nationwide strike. Fifty thousand people took to the streets of Athens and police fired tear gas after violence broke out near the parliament. The issue, of course, is austerity: The very unpopular budget cuts going on as part of the solution to the debt crisis.
General Motors hopes to break free of Treasury
Jeff Horwich Sep 17, 2012
According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake -- currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.
German courts OK Europe rescue fund
Stephen Beard Sep 12, 2012
Germany's top court has given the green light to Europe's new rescue fund. The court rejected claims that the fund was illegal under German law.
Spanish leader yet to agree on bailout conditions
Stephen Beard Sep 11, 2012
Last week in Europe there was relative euphoria: The European Central Bank said it stood ready to buy the government bonds of any nation that came seeking its help. That would help countries like Spain and Italy keep their borrowing costs down, and keep them from lapsing into financial crisis.
U.S. selling AIG stake, but still holds many others
Heidi N. Moore Sep 10, 2012
The U.S. government will continue to hold major stakes in the housing and financial worlds even though it is set to sell most of its remaining investment in AIG.
Former Treasury official: AIG no longer 'too big to fail'
Stacey Vanek Smith Sep 10, 2012
The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
ECB plan may increase risk of Greek eurozone exit
Stephen Beard Sep 7, 2012
The plan to buy up bonds from troubled Eurozone economies creates a firewall for nations like Greece and Italy -- expelling Greece may now be less risky.
VIDEO: The ECB's bond-buying program explained with bonbons
Paddy Hirsch Sep 6, 2012
The European Central Bank is set to go on a bond-buying spree in an effort to save the euro and stem the debt crisis. But how does it work? It helps to think about candy.
Draghi levels his big bazooka at eurozone debt
Stephen Beard Sep 6, 2012
Making good on earlier promises, European Central Bank chief Mario Draghi has unveiled a huge bond-buying program aimed at tackling the European debt crisis.
