May 30, 2012 The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
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.
Heidi N. Moore
May 30, 2012 Spain now pays more than 6.6 percent on its 10-year bonds. The U.S. pays just over 1.6 percent. Eurozone debt, however, may yet hurt both sides of the Atlantic.
Stacey Vanek Smith
May 31, 2012 As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.
Jun 21, 2012 The big story in Brussels, as it has been for the last two years, is the eurozone crisis. So is any progress being made?
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.
Jun 21, 2012 Although Spanish culture frowns upon talking about money, a financial crisis there is teaching everyone a little more about economics.
May 28, 2012 The Spanish government is wrangling with how to rescue its troubled banks. The Spanish bank Bankia needs about $24 billion in new capital.
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.