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 4, 2012 May's jobs reports has worried investors worldwide about their short-term prospects. But there are more acute fears of a global slowdown, caused by what’s going on in Europe and emerging markets.
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 28, 2012 Last Groundhog Day we asked a couple economists to predict the economic future. Today we asked them to do it again.
May 25, 2012 Scotland has been a part of the United Kingdom for the past 300 years, but many Scots think it's a bad deal. Scotland is home to most of the U.K.'s oil and gas production in the North Sea.
May 25, 2012 In the last week, we've heard of a possible Greek exit from the euro, a U.S. debt ceiling showdown, HP layoffs, and a Facebook stock lawsuit. How does this news affect our psyche and what stories should we focus on amid all the turmoil?
May 24, 2012 Europe is debating the two. So, too, are many in the States. Frank Newport at Gallup talks about what Americans are saying about austerity here and in Europe.
May 21, 2012 President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples with another flare up in the debt crisis.
May 17, 2012 German Chancellor Angela Merkel is sending the message that she is committed to keeping Greece in the eurozone. In an interview with CNBC, Merkel says that she is open to stimulus programs. Now, that could be seen as a shift at at a time Greeks are blaming austerity imposed by Europe for their woes.