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.
Jun 6, 2012
The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.
May 31, 2012
Today, Ireland is holding a referendum on whether to ratify Europe's new fiscal discipline pact. A vote against the treaty would challenge German-backed austerity measures.
May 25, 2012
In the last week, we've heard of a possible Greek exit from the euro, a U.S. debt ceiling showdown, HP layoffs, and a Facebook stock lawsuit. How does this news affect our psyche and what stories should we focus on amid all the turmoil?
May 24, 2012
Europe is debating the two. So, too, are many in the States. Frank Newport at Gallup talks about what Americans are saying about austerity here and in Europe.
May 21, 2012
President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples with another flare up in the debt crisis.
May 17, 2012
German Chancellor Angela Merkel is sending the message that she is committed to keeping Greece in the eurozone. In an interview with CNBC, Merkel says that she is open to stimulus programs. Now, that could be seen as a shift at at a time Greeks are blaming austerity imposed by Europe for their woes.
May 7, 2012
Parliamentary elections this weekend in Greece proved that voters there are fed up with the political parties imposing harsh austerity measures to deal with the country's severe debt crisis