Jul 23, 2012
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
Jun 26, 2012
The tiny Mediterranean island nation of Cyprus is formally asking for a bailout from Europe. The country says it needs more than $10 billion from its eurozone partners to avoid default.
Jun 22, 2012
After U.S. markets closed yesterday, the rating agency Moody's delivered more bad news -- this time to 15 of the world's largest banks, including the biggest American banks. The fine print of the downgrade hints at more bank bailouts down the road.
Jun 19, 2012
If yesterday was all about Greece, today belongs to Spain. Concern about Spanish banks has pushed the government's borrowing costs over 7 percent. That's a level that pushed other smaller European countries -- like Greece -- over the edge.
Jun 19, 2012
A conversation with Neel Kashkari, the former head of TARP and now head analyst with PIMCO, on what Europe can learn from the U.S.'s own financial storm.
Jun 18, 2012
The stabilizing election result in Greece does not change the reality that banks are on the brink in a number of European countries. And there's hot debate in Europe over just how much the European Central Bank should do to bailout the banks -- a problem we can relate to here in the states.
Jun 11, 2012
A closer look at Spain's economy shows its fundamental problems won't be simply solved by the $125 billion bailout.
May 31, 2012
Today, Ireland is holding a referendum on whether to ratify Europe's new fiscal discipline pact. A vote against the treaty would challenge German-backed austerity measures.
Apr 30, 2012
Economist Edward Hugh discusses how Spain's economic woes compare to Greece and whether the country is "bailout-able."
Mar 30, 2012
European finance ministers are meeting in Denmark today. They're reportedly adding $670 billion to their bailout fund. Ministers have been trying to figure out how big of a financial bazooka they need to defend Europe from speculators.