Nov 12, 2012 European finance ministers are meeting today in Brussels to decide whether Greece will receive its next scheduled bailout payment of $40 billion.
Nov 6, 2012 Protesters continue to fill Athens today ahead of the Greek Parliament’s vote on public sector spending cuts.
Nov 5, 2012 Workers are back on strike this morning in Greece, where the government is scheduled to vote on a new round of austerity cuts this week.
Nov 1, 2012 All the state governments in the path of Sandy say they’re going to rebuild infrastructure. In this age of budget austerity, where will the money come from?
Sep 27, 2012 In further austerity measures, the government imposes some $50 billion of tax hikes and spending cuts
Sep 26, 2012 Greece has been shut down today because of a huge nationwide strike. Fifty thousand people took to the streets of Athens and police fired tear gas after violence broke out near the parliament. The issue, of course, is austerity: The very unpopular budget cuts going on as part of the solution to the debt crisis.
Sep 26, 2012 More protests are expected in Spain today after some big demonstrations last night. There's outrage over a new round of budget cuts as Spain tries to avoid becoming the next Greece.
Jul 13, 2012 Tomorrow is Bastille Day in France, the French will be celebrating despite the rainy weather and eurozone turmoil. This week French carmaker, Peugot, announced major layoffs, signaling the tough economic climate facing the country.
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.
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.