May 2, 2012 European finance ministers are meeting today about how much money banks should have around in case of emergency. Banks argue the more that's set aside the less they have to lend and invest.
May 3, 2012 For many Europeans, the effects of the debt crisis are felt very close to home -- with unemployment soaring and manufacturing suffering.
May 1, 2012 It's International Workers' Day -- organized by unions and left-leaning political parties across the world. Thousands of protesters are out on the streets in Greece, France and even Russia.
Apr 30, 2012 Academics find a useful way of describing what kind of crisis the eurozone is facing.
Apr 30, 2012 In a matter of days, two countries at the center of the European debt crisis will hold elections: France is on the verge of electing a socialist as president and Greece may also shake up its leadership. But it's Spain that's causing some heartburn today.
Apr 30, 2012 Spain has officially slipped back into recession and to make matters worse, Standard & Poor’s has downgraded the credit rating on 11 Spanish banks. That makes it harder for those banks to borrow money.
Apr 30, 2012 Economist Edward Hugh discusses how Spain's economic woes compare to Greece and whether the country is "bailout-able."
Apr 23, 2012 Incumbent Nicolas Sarkozy came in second yesterday to Socialist Francois Hollande in the first round of voting. The two candidates will face a run-off on May 6th, and the ultimate outcome could have big consequences for Europe's debt crisis.
Apr 23, 2012 McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.