Jun 11, 2012 Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.
Jun 8, 2012 Greece continues to struggle through a debt and banking crisis and rumors of a 'Grexit' abound. If the country does leave the euro, how will it roll out the drachma, and what are the costs?
Jun 6, 2012 Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? Senior producer Paddy Hirsch explains their actual definitions.
Jun 6, 2012 The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.
Jun 21, 2012 The spotlight of the eurozone crisis moves to Spain, but no one has forgotten Greece. While the official unemployment rate there is above 21 percent, many more are working without pay.
May 31, 2012 Today, Ireland is holding a referendum on whether to ratify Europe's new fiscal discipline pact. A vote against the treaty would challenge German-backed austerity measures.
May 30, 2012 With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
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.
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.