bailout

Car country played a big role in President Obama's re-election last night. Michigan and Ohio both benefited from the auto industry bailout and both went for the President last night.

What does Obama's victory mean for the economy, monetary policy, and the fiscal cliff? Exit polls showed a majority of Ohioans favored the auto industry bailout which may have put Obama over the edge in the swing state.

Protesters continue to fill Athens today ahead of the Greek Parliament’s vote on public sector spending cuts.

Workers are back on strike this morning in Greece, where the government is scheduled to vote on a new round of austerity cuts this week.

For months now, Spain has been bracing itself for a bailout. While the country waits, the government has already made many of the deep budget cuts that typically come with bailouts.

European leaders meet in Brussels today for a summit on whether to enact a banking union across the EU and check in on beleaguered Greece.

Whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank for a sovereign bailout causing bond and equity markets in Europe to zig and zag throughout the day.

According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake — currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.

Germany's top court has given the green light to Europe's new rescue fund. The court rejected claims that the fund was illegal under German law.

Last week in Europe there was relative euphoria: The European Central Bank said it stood ready to buy the government bonds of any nation that came seeking its help. That would help countries like Spain and Italy keep their borrowing costs down, and keep them from lapsing into financial crisis.