EU officials have announced an agreement that would restrict the amount bankers can receive as as bonus.

A look at America's debt and deficit trouble through the lens of European economic standards.

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.

A look at what's in store for the European debt crisis in 2013.

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.

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.

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.

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.

In Europe, high courts have upheld workers' right to reclaim vacation days marred by illness or injury.