Dec 13, 2012 European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.
Dec 10, 2012 The last thing the global economy needed was more political upheaval in Europe. But that's what we're getting. Italian prime minister Mario Monti plans to resign, and there will be elections early in 2013.
Dec 10, 2012 Italy, the third biggest economy in the euro zone, has been plunged into political turmoil as Prime Minister Mario Monti has announced plans to step down.
Dec 5, 2012 If the U.S. falls off the fiscal cliff at the end of the year, countries across the pond could also suffer the effects.
Nov 22, 2012 European Union leaders are gathering in Brussels to hammer out a budget for the EU. And the task will not be easy with the continent still trying desperately to claw its way out of debt.
Nov 21, 2012 A meeting to agree Greece’s next round of bailout money has ended after almost 12 hours with no decision. Athens won't get vital bailout funds without an agreement.
Nov 16, 2012 The Spanish government is suspending foreclosures for the neediest homeowners just a week after a woman there committed suicide when officials arrived at her apartment to seize it.
Nov 14, 2012 There are strikes going on this morning in Greece, Spain, Portugal, Italy and Belgium. Workers are protesting all across Europe against rising unemployment and austerity.
Nov 13, 2012 Yesterday, the Greek parliament pushed through an extensive package of cuts and tax increases -- its most aggressive austerity budget so far -- in order to receive their next bailout payment.