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Troika inspectors meet in Greece for progress report
Jeff Horwich Jul 24, 2012
The European Commission, the European Central Bank, and the IMF began meetings in Greece today -- they'd like to know what structural reform progress has been made in return for billions in bailout money.
Spanish borrowing costs up, German rating may go down
Juli Niemann 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.
Spain leads to more woes for Europe
Julia Coronado Jul 23, 2012
New fears of a Spanish recession despite bailout measures are shaking global markets today as the threat of Greece's economic crisis still looms large in the region.
New fears of Spanish bailout rise
Stephen Beard Jul 23, 2012
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
Italian debt rating downgraded two levels
Stephen Beard 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.
Spanish leaders announces new austerity measures
Stephen Beard 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.
What's up, Europe? Protesters in Madrid
Kai Ryssdal 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.
Europeans get vacation 'do-over'
Stephen Beard Jul 6, 2012
In Europe, high courts have upheld workers' right to reclaim vacation days marred by illness or injury.
Unemployment for Hispanics, African Americans remains high
John Ketchum Jul 17, 2012
A new study shows that the jobless rate for African Americans and Hispanics isn't budging despite a modest recovery in other parts of the economy.
European contraction impacts U.S. exports
Mitchell Hartman Jul 2, 2012
Exports have been one of the few bright spots in the U.S. recovery, but they're slowing down.
