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Greece
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As Greece awaits bailout, southern Europe seethes
European governments are expected to sign off on a second bailout for Greece today. But conditions set on rescue money have fueled populist unrest in southern Europe.
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Forget about preventing default in Greece, control it, says Europe
Though Athens is still taking steps to contain the damage, most of Europe is skeptical that Greece will dodge a default.
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The Greek debt conundrum, explained
The Greek parliament will vote on further austerity measures Sunday – the latest effort to alleviate a crisis that has careened between an EU bent on austerity and a resistant Greek public.
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Greece lurches closer to collapse
Greece could finally default in March when massive bond payments are due.
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Global News Blog
Europe's debt crisis: What's next for Italy and Greece?
Italy and Greece are working to cobble together interim governments to avoid bankruptcy as Europe's debt crisis rolls on.
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Greek debt referendum: Bad for economy, but good for democracy
The shocking news of a Greek debt referendum this week has prompted European leaders to hold an emergency meeting today ahead of the G20 summit in Cannes, France.
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Europe debt crisis: Greece teeters on brink of bankruptcy
Greece revealed today that it is in more dire economic straits than envisioned when a €110 billion bailout deal was agreed to this summer, sparking concern that Europe’s debt crisis could deepen.
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Merkel, Papandreou buying time for debt-stricken Greece
The German chancellor and Greek prime minister today gave speeches pushing their plan to solve Greece's economic crisis, just days before the German parliament votes on more bailout money.
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Israel's new friend: Why Greece is thwarting Gaza flotilla
Since last year's flotilla debacle killed nine Turkish activists, Israel has cultivated ties with Greece, offering the debt-ridden country generous military aid.
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Greek government survives confidence vote. Now, the hard part.
Prime Minister George Papandreou is faced with passing an unpopular austerity program so it can get the $17 billion it needs by July 15 to avoid default on Greek debt.
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Sarkozy, Merkel reach deal on Greece bailout cash
Germany and France reached an agreement that should see a desperately needed Greece bailout move forward.
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Global News Blog
Economic hardship drives Greeks into the ground
The Greeks who years ago fled to cities for economic opportunity are now returning to the countryside for the same reason.
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Why Moody's downgraded Spain's debt rating
Analysts say Moody's is looking at the worst-case scenario for Spain's struggling economy even though some economist say Spain shows some promising signs.
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Despite Greece's 2011 austerity budget, a financial chill deepens in Europe
Greece passed a budget early Thursday with deep spending cuts, but investors will probably remain leery of lending to Greece and some of its indebted European peers.
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Rome explosions at embassies linked to Italian anarchists
Rome explosions at the Swiss and Chilean embassies today bear the hallmarks of Italian anarchists, who could be trying to take advantage of the country's fragile political situation, say experts.
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Greek parcel bombs, Yemen plot may cause tighter cargo security in Europe
In the wake of a string of parcel bombs in Greece and the Yemeni plot to send explosives to the US via air freight, Germany wants EU ministers to review air-cargo security measures.
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Parcel bombs in Athens appear to be Greek anarchists' calling cards
Security experts say that parcel bombings sent to embassies across Athens on Monday and Tuesday have all the hallmarks of anarchist groups looking to make a 'symbolic gesture.'
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Terrorism & Security
Swiss Embassy attack in Athens follows discovery of six Greece 'parcel bombs'
The Swiss Embassy attack came after authorities discovered six Greece 'parcel bombs' addressed to French President Sarkozy and foreign embassies across Athens.
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Europe puts limits on banker bonuses
The European Parliament passed a bill today that would cap and defer financial traders' and bankers' bonuses, giving Europe the toughest regimes in the world. The caps are a backlash against the global financial meltdown, and the bonuses that followed.
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Greece debt: Government sees hope in privatization despite protests
Officials see privatization as a way to dig out of Greece's debt, but newly unemployed workers are taking to the streets of Athens in protest. Tuesday's 10,000-strong demonstration may foreshadow larger protests to come, some say.
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Striking workers, but no riots this time, in protests over Greece debt bailout
Workers took to the streets of Athens today to protest the government budget cuts demanded in exchange for the $140 billion Greece debt bailout. While some feared a repeat of violent May 5 demonstrations, the protest was peaceful.
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Will Merkel ban on short-selling, $1 trillion package save the eurozone?
The euro fell to a four-year low on Wednesday amid continued investor worries about Europe's sovereign debt woes. German Chancellor Angela Merkel banned naked short-selling, seeking to combine new regulation with an already announced $1 trillion euro rescue package, to shore up the currency.
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European markets fall as Greek debt crisis claims first politician's career
Stocks and the euro fell on Monday, amid continuing worries that a $140 billion bailout for Greece won't stave off a broader eurozone credit crisis. The first politician was ousted in response to the Greek debt crisis.
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Europe's $955 billion rescue package, Greek austerity, and moral hazard
Markets across the world soared after the European Central Bank promised the creation of a $955 billion rescue fund for eurozone countries with debt problems. But some economists are worried about moral hazard – bailouts leading to reckless spending.
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Germany approves Greek bailout as Merkel gets her way
The German parliament approved the country's $28 billion contribution to the Greek bailout package on Friday. Chancellor Angela Merkel shifted from initial opposition to paying Greece's debts to concern over economic fallout in the rest of Europe.
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