The Greece bailout package agreed to by European leaders and the International Monetary Fund last week decreases the likelihood of a Greek government default. But the wrangling over the bailout -- and the steps that left Greece in a financial hole -- raise questions about the prospects for the stability of the euro.
The European Union (EU) on Monday denounced the forgery of European passports used to set up the Dubai assassination of a senior Hamas militant. The EU stopped short of admonishing Israel.
French President Sarkozy tagged London a big loser after the EU appointed a French finance chief. London fears greater 'meddling' in its financial services industry.
The global crisis has led to political upheaval in many countries, unseating three prime ministers in Europe alone.
Latvia’s collapse and the sinking East is hurting Western banks, and the ideals of unity.
Frustrations mount over Bulgaria – the most violent, corrupt, and poorest of EU members. Aid is being withheld as reform promises are made (and broken). Can it be fixed?
Hungary and Ukraine received emergency loans from the IMF Sunday. Belarus and Serbia are asking for help, too.