Jul 24, 2012 A number of Southern Italian cities, including the entire province of Sicily, are on the verge of bankruptcy.
Jul 24, 2012 Spain's borrowing costs are up to 7.5 percent -- the higest since it joined the euro. As a result of the regional crisis, Moody's announced today that it is poised to lower Germany's credit rating to AA.
Jul 24, 2012 Moody's Investors Service has lowered the outlook for the credit ratings of three of Europe's strongest economies: Luxembourg, the Netherlands and Germany. It's part of a busy day in Europe that has investors on-edge -- markets there are barely moving.
Jul 20, 2012 Many European economies are begging for Germany to share its wealth with them. Where did the German culture of frugality come from?
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 13, 2012 In Europe today, the focus has shifted from Spain to Italy, in the ongoing EU debt crisis. Moody's credit rating agency has downgraded Italian debt to just two levels above junk status.
Jul 11, 2012 In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
Jul 6, 2012 German's seem to be the responsible, hard working sibling in the European Union, but they know when to relax.
Jul 5, 2012 For Americans abroad, this 4th of July is spent talking about Barclays and David Beckham -- all while knocking back a few at the pub.