Spain's bailout: Good idea or moral hazard?

Jun 11, 2012
Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
Posted In: bank bailout, Europe debt crisis, spain, Greece

Bailout in Spain buys time and clips contagion

Jun 11, 2012
Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.
Posted In: spain, Greece, bank bailout, elections

Will Greece return to the drachma?

Jun 8, 2012
Greece continues to struggle through a debt and banking crisis and rumors of a 'Grexit' abound. If the country does leave the euro, how will it roll out the drachma, and what are the costs?
Posted In: Greece, Europe debt crisis, euro, currency

What's Up, Europe? Shock and numbness in Greece

Jun 5, 2012
The spotlight of the eurozone crisis moves to Spain, but no one has forgotten Greece. While the official unemployment rate there is above 21 percent, many more are working without pay.
Posted In: Greece, Europe debt crisis, Whats up Europe

Obama sends economic adviser to Europe

May 30, 2012
With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
Posted In: U.S. Treasury, Obama, spain, Greece, Eurozone

Poll shows Greeks favor EU bailout

May 29, 2012
A poll this weekend shows Greek voters support politicians who favor the EU bailout of Greece. Elections earlier this month rattled the markets when voters came out in favor of political groups that opposed the bailout and austerity.
Posted In: Greece, Europe debt crisis, elections, polls

Olive oil price hits 10-year low

May 28, 2012
As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
Posted In: spain, italy, Greece, olive oil, Food

Greece jumps, Spain slumps

May 28, 2012
Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.
Posted In: spain, Greece, Europe debt crisis, bank bailout

Euro officials talk 'Grexit' of Greece from euro

May 24, 2012
Euro leaders say they are committed to Greece staying with the euro, but talk of an exit is growing louder. Finance ministers have advised euro zone members to draw up contingency plans for what's being called an "amiable divorce" from Greece.
Posted In: Europe debt crisis, Greece, IMF

Euro leaders plan for Greece to 'divorce' the euro

May 24, 2012
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Posted In: Greece, euro, Europe debt crisis