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What's up, Europe? Small talk turns to finance in Italy
Tess Vigeland Jul 24, 2012
A number of Southern Italian cities, including the entire province of Sicily, are on the verge of bankruptcy.
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.
Weak euro lures American travelers
Mark Garrison Jul 13, 2012
The euro crisis has weakened the currency -- and strengthened Europe's appeal to American tourists.
Spanish leaders announces new austerity measures
Stephen Beard Jul 12, 2012
As the first batch of bailout funds arrives at Spain's banks, Prime Minister Mariano Rajoy has announced an austerity plan to slash the public deficit. This includes tax hikes and cuts to unemployment benefits.
What's up, Europe? Protesters in Madrid
Kai Ryssdal Jul 11, 2012
In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
Some economic slowdown in the U.S., gas prices remain stable
Julia Coronado Jul 2, 2012
There's news this morning that folks who do the ordering at factories are increasingly wary. The Markit U.S. Purchasing Managers Index was a disappointment, its worst showing since late 2010.
New EU bailout plan a victory for Italy
Jeff Horwich Jun 29, 2012
European leaders have settled on a new way to bail out banks. The structure will allow the EU to prop up troubled banks directly. It's the kind of change Spain, Italy and other struggling eurozone countries were looking for.
