The Greek debt crisis has unfolded over several years and through a litany of bailouts, parliamentary votes, and credit downgrades. Here is a brief overview of how we got to where we stand today.
In its annual report, the European Commission recommended that Serbia become a formal candidate for EU accession. But a diplomatic deadlock over Kosovo's sovereignty is a major impediment to moving forward.
The protesters of Occupy Wall Street and its spinoff demonstrations across the United States and around the world are never at a loss for the written word. The Occupy Wall Street movement is protesting issues including the 2008 bank bailouts, foreclosures, and high unemployment. Laura Hartmark holds two protest signs while supporting the Occupy Wall Street movement in Albany, N.Y., on Oct. 21.
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.
Will this crisis ever be over?! The nations of the eurozone seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort that puts a squeeze on the economy in Europe and beyond. Here's a backgrounder on the problem, its consequences, and possible ways forward.
Serbians living in northern Kosovo threatened violent opposition to the deployment, but the Kosovo officials and EU peacekeepers avoided confrontation with protesters.
The coalition government in Germany, the biggest contributor to the eurozone rescue fund, appears split over over a possible sovereign default for Greece.
Ethnic Serbian officials yesterday postponed a meeting on whether to accept a NATO-brokered accord with Kosovo authorities after ethnically charged violence rocked the breakaway state last month.
NATO is sending hundreds of reinforcements to bolster its peacekeeping forces after border violence has flared between Kosovo and Serbia.
With Washington locked in a debt-ceiling stalemate, debt seems to be on everyone’s mind. So, how does US debt compare with that of European countries, embroiled in a debt crisis of their own? In April, the International Monetary Fund estimated that the US government's gross debt amounted to 99 percent of gross domestic product. That’s high, but less than four of Europe's five largest debtors. Editor’s note: All figures are come from International Monetary Fund’s World Economic Outlook database that was updated in April 2011. See the full statistics here.