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Could Europe be heading for a permanent recession?

Dec 13, 2011
The deal European leaders struck for greater fiscal unity could also stunt growth in the long-term.

Most euro leaders agree on plan for fiscal austerity

Dec 9, 2011
Britain and three other countries are out of the picture, but those remaining believe the new treaty will mean much more balanced budgets on the continent in the future.

Britain refuses to join in European treaty changes

Dec 9, 2011
An agreement among almost all of the European Union members was made in Brussels today, but Britain has decided to stay out of the plan, and insists that official EU institutions do as well.