Mar 18, 2013 Financial markets in Asia and Europe fell sharply today thanks to the unusual terms of the EU bailout of Cyprus. A tax of up to 10 percent on bank deposits in Cyprus was proposed to defray some of the cost of the bailout.
Mar 18, 2013 As Cyprus debates a controversial bailout plan to tax savings accounts, here are the five things you need to know about Cyprus, its economy, and why it is important to the global economic recovery.
Mar 1, 2013 The now-infamous sequestration -- the $85 billion in automatic federal spending cuts -- kicks in today. We take a look at the bad and the good that might come out of the process.
Feb 26, 2013 The European debt crisis has calmed down a lot in the past few months, but elections in Italy have ended in deadlock and uncertainty is back.
Feb 26, 2013 Global stock markets are falling this morning after preliminary election results in Italy indicate no political party won a clear majority in parliament.
Feb 22, 2013 Italian media magnate and former Prime Minister Silvio Berlusconi is seeking re-election at the polls this weekend. But will the country take him back or stick with their austerity agenda?
Feb 22, 2013 Today, the European Commission said the euro zone will shrink another 0.3 percent in 2013, which is deeper and longer lasting than originally expected.
Feb 20, 2013 After clashes between police and protesters became violent, Bulgarian Prime Minister Boyko Borisov submitted his resignation today in what has become the latest example of voters rising up against budget cuts and winning.
Feb 14, 2013 Atlanta's unemployment rate still tops the national percentage, but city residents hope the worst is finally behind them.
Feb 13, 2013 The New York Times Washington bureau chief talks about the choices we have to make with respect to our debt and the national deficit.