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Poll shows Greeks favor EU bailout
Stephen Beard May 29, 2012
A poll this weekend shows Greek voters support politicians who favor the EU bailout of Greece. Elections earlier this month rattled the markets when voters came out in favor of political groups that opposed the bailout and austerity.
Olive oil price hits 10-year low
Jon Bithrey May 29, 2012
As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
Greece jumps, Spain slumps
Adriene Hill May 28, 2012
Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.
Euro leaders plan for Greece to 'divorce' the euro
Andrew Walker May 24, 2012
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Euro officials talk 'Grexit' of Greece from euro
Christopher Werth May 24, 2012
Euro leaders say they are committed to Greece staying with the euro, but talk of an exit is growing louder. Finance ministers have advised euro zone members to draw up contingency plans for what's being called an "amiable divorce" from Greece.
What happens if Greece defaults? A flow chart
Karl Baker May 24, 2012
If Greece ditches its austerity plan and defaults on its loans, how might that play out in the global economy? Follow our flow chart to find out.
OECD issues European recession warning
Stephen Beard May 22, 2012
The Organization for Economic Cooperation and Development warns the eurozone nations of severe recession risk, and calls on the European Central Bank to step in to stem the crisis.
EU depositors protected, not from euro collapse
Stephen Beard May 21, 2012
Depositors into European banks have their money protected, as here in the U.S., but the risk is not just that the bank might collapse, the currency might.
European banks continue to fear extra withdrawals
Steve Evans May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
ECB cuts off funding to some Greek banks
Stephen Beard May 17, 2012
German Chancellor Angela Merkel has sent a message that she is committed to keeping Greece in the eurozone. At the same time, the European Central Bank is keeping Greek banks on a tight leash, cutting off funding for some.
