Eurozone

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No tax, no bailout? A worst case scenario for Cyprus

Mar 20, 2013
Cyprus is in turmoil following the decision last night by its parliament to reject a bailout plan from the eurozone. The plan entailed a one-off tax of up to 10 percent on Cypriot bank accounts.
Posted In: cyprus, Europe debt crisis, Germany, Eurozone

Is Switzerland no longer a banking haven?

Mar 4, 2013
Voters in Switzerland have approved a referendum to curb executive pay. The move comes less than a week after the European Union announced plans to cap banker bonuses.
Posted In: Switzerland, bonuses, compensation, Eurozone

EU looks to cap bankers' bonuses

Feb 28, 2013
EU officials have announced an agreement that would restrict the amount bankers can receive as as bonus.
Posted In: Eurozone, banking, salary, bonuses

Phew! U.S. can't join the euro

Feb 15, 2013
A look at America's debt and deficit trouble through the lens of European economic standards.
Posted In: Eurozone, debt, GDP

Europe's economy: Recovering or recoiling?

Jan 14, 2013
The head of the International Monetary Fund, Christine Lagarde, had reassuring words this morning about the state of the European economy. But the latest economic numbers tell a different story.
Posted In: Europe debt crisis, Eurozone

What's up (in 2013), Europe?

Dec 28, 2012
A look at what's in store for the European debt crisis in 2013.
Posted In: Eurozone, Europe debt crisis

OECD report red flags weakening economy

Nov 27, 2012
The Organization for Economic Cooperation and Development is reaching out to its members -- the rich governments of the world -- to shape up or risk a global economic calamity.
Posted In: global economy, Eurozone

Can 'Super Mario' Draghi save the eurozone?

Sep 6, 2012
Investors in Europe are calling today "Super Thursday": the day when the head of the European Central Bank Mario Draghi rides to the rescue and saves the euro. Draghi is set to unveil his much-heralded plan to end the eurozone debt crisis.
Posted In: Mario Draghi, Eurozone

Eurozone members wary of buying other countries' bonds

Aug 28, 2012
Several countries in the eurozone are preparing to borrow by selling bonds. Each nation in the bloc is becoming more wary of buying the debt of its neighbors.
Posted In: Eurozone, bonds

Eurozone crisis hits Shell, other earnings

Jul 26, 2012
The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.
Posted In: Earnings, Shell, Eurozone

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