France today entered a double-dip recession. It depends on exports to Italy and Spain and they, like many eurozone nations, are still feeling the pinch. Europe's slump is dragging down the global economy.
German Chancellor Angela Merkel enjoyed close relations with former French President Nicolas Sarkozy but not with successor Francois Hollande. Differences over austerity are part of the problem.
For the first time in history, the 17 nations that use the euro are headed for two years of back-to-back recession, according to the European Commission.
The European Central Bank (ECB) has cut interest rates to a record low of 0.5 percent. But how much stimulus can the ECB really provide?
Two European countries have come out with very different ways to tackle their economic problems.
Enrico Letta, of the center-left Democratic Party, has announced that he intends to fight the move towards austerity in Europe, and investors applauded.
Linked by a common currency, the countries in the euro zone are roped together like climbers scaling a cliff face. If one or more loses their footing, the rest could come crashing down.
Greeks fed up with their country's economic woes see a quick fix -- Germany stumping up more than $200 billion in further reparations for World War II aggression. Germans are unimpressed.
Europe's debt crisis started in Greece. Now, residents in the tiny countries of Luxembourg, Slovenia and Malta are worried they're the next stop.
Banks are open for the second day in Cyprus after two weeks of closure. From the outside, things appear to be calm. The President of Cyprus said this morning that the country will not leave the euro.

More from European Debt Crisis

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In France, an encore for recession

May 15, 2013
France today entered a double-dip recession. It depends on exports to Italy and Spain and they, like many eurozone nations, are still feeling the pinch. Europe's slump is dragging down the global economy.
Posted In: France, Eurozone, recession
1

Austerity rift chills French-German relations

May 8, 2013
German Chancellor Angela Merkel enjoyed close relations with former French President Nicolas Sarkozy but not with successor Francois Hollande. Differences over austerity are part of the problem.
Posted In: France, Germany, Angela Merkel, Francois Hollande
0

EU faces second year of recession

May 3, 2013
For the first time in history, the 17 nations that use the euro are headed for two years of back-to-back recession, according to the European Commission.
Posted In: Europe debt crisis, recession
0

European Central Bank cuts interest rate to record low

May 2, 2013
The European Central Bank (ECB) has cut interest rates to a record low of 0.5 percent. But how much stimulus can the ECB really provide?
Posted In: ECB, interest rates, Federal Reserve, Europe debt crisis
0

Greece keeps cutting while France looks for growth

Apr 29, 2013
Two European countries have come out with very different ways to tackle their economic problems.
Posted In: Greece, France, austerity, Europe debt crisis
1

New Italy prime minister to move away from austerity

Apr 25, 2013
Enrico Letta, of the center-left Democratic Party, has announced that he intends to fight the move towards austerity in Europe, and investors applauded.
Posted In: italy, austerity, enrico letta
0

As Germany stumbles, will the rest of Europe fall down with it?

Apr 23, 2013
Linked by a common currency, the countries in the euro zone are roped together like climbers scaling a cliff face. If one or more loses their footing, the rest could come crashing down.
Posted In: Germany, France, Europe debt crisis
2

Germans wary of Greeks bearing... reparations demands

Apr 12, 2013
Greeks fed up with their country's economic woes see a quick fix -- Germany stumping up more than $200 billion in further reparations for World War II aggression. Germans are unimpressed.
Posted In: Greece, Germany
0

In the European debt crisis, size matters

Apr 4, 2013
Europe's debt crisis started in Greece. Now, residents in the tiny countries of Luxembourg, Slovenia and Malta are worried they're the next stop.
Posted In: slovenia, Malta, Luxembourg, Europe, debt
0

Cyprus calm but crisis effects ripple

Mar 29, 2013
Banks are open for the second day in Cyprus after two weeks of closure. From the outside, things appear to be calm. The President of Cyprus said this morning that the country will not leave the euro.
Posted In: cyprus, bailout, Europe debt crisis

Most Commented

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In France, an encore for recession

May 15, 2013
France today entered a double-dip recession. It depends on exports to Italy and Spain and they, like many eurozone nations, are still feeling the pinch. Europe's slump is dragging down the global economy.
Posted In: France, Eurozone, recession
1

Austerity rift chills French-German relations

May 8, 2013
German Chancellor Angela Merkel enjoyed close relations with former French President Nicolas Sarkozy but not with successor Francois Hollande. Differences over austerity are part of the problem.
Posted In: France, Germany, Angela Merkel, Francois Hollande

Marketplace coverage of Europe's debt crisis and how it's affecting the U.S. and world markets.