Oct 18, 2012 For months now, Spain has been bracing itself for a bailout. While the country waits, the government has already made many of the deep budget cuts that typically come with bailouts.
Oct 12, 2012 The Nobel Prize committee announces their pick for this year's Nobel Peace Prize. The winner? The European Union.
Oct 12, 2012 At last some good news for Europe -- racked by the worst economic crisis in its history, the European Union has just won the Nobel Peace Prize.
Oct 11, 2012 New weekly claims for unemployment fell last week to the lowest level in four and a half years. Elsewhere around the world, the S&P has downgraded the soveign debt of Spain.
Oct 11, 2012 The head of the International Monetary Fund, Christine Lagarde, wants countries to stop cutting and start spending. In Tokyo today, the leader warned that austerity is making the global economy worse.
Oct 10, 2012 The disaster relief agency asks for help to assist those affected by the European debt crisis.
Oct 9, 2012 What are Greeks thinking about after a visit from Germany's Chancellor Merkel? Anger, frustration -- and some merriment.
Oct 9, 2012 German Chancellor Angela Merkel is in Greece today for her first visit since the European debt crisis began. Greeks aren't laying out the welcome mat though, as masses come out to protest against German-led austerity.
Oct 8, 2012 In Europe, the latest signals are that Spain will not take a bailout in the immediate term. China's economic growth is slowing as investment takes a back seat to consumer spending.