Topic: EU Economy

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'Fiscal cliff' 101: 5 basic questions answered

President Obama and congressional leaders are working to stop the US from going over the “fiscal cliff,” a combination of higher taxes and lower spending set to take effect Jan. 1. Here are five steps to understanding what's going on.
For these four nations, 2012 is worse than the Great Recession

The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
Focus
Recession in America? 10 questions assessing the threat.

Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
Briefing
What would happen if Greece exited the eurozone?

Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.

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IMF cuts world growth forecast

IMF forecasts 3.3 percent growth this years, down from 3.5 percent, and lower growth next year as well. IMF says US, European policymakers will play key role in how long the economic slowdown persists.
Slowdown of China's economy is pushing world toward another economic crisis (+video)

China’s high inflation and stimulus-fueled real estate bubble have been aggravated by sagging global demand for Chinese goods. The impact is being felt all across China – and the world. China must move away from export-driven investment to consumption-driven growth.
Angela Merkel will face protests during Greek visit

German Chancellor Angela Merkel will visit Greece next week to discus keeping the country in the eurozone. Large displays against her are expected. Many Greeks blame Merkel's austerity measures for their nation's troubles.
Energy Voices Oil markets limp into fourth quarter

A decrease in crude oil stocks reported by the US Energy Department could be a sign of a rough future for energy markets, according to OilPrice.com.
Weak demand for fertilizer tugs at stocks

A drop in demand from China and India hurt the profits of Mosaic, the US's largest fertilizer company. But utilities and health care stocks helped pull the S&P 500 above the break-even mark.
Markets buoyed by US manufacturing, but Spain is still a drag

Financial markets across the globe continued to ride the wave of good US economic news Tuesday morning, despite concerns in Greece and Spain. In the US, markets are poised for a strong opening, but analysts are waiting for key economic data to be released this week.
September manufacturing growth lifts stocks

Stocks got a boost from the latest manufacturing report, which showed growth in September. The manufacturing report came out half an hour after trading began, and sparked Monday's jump in stock prices.
Unemployment in eurozone stalls at record 11.4 percent

Unemployment in countries that use the euro stayed at 11.4 percent in August as more than 34,000 people lost jobs. The record high unemployment rate has renewed concerns that efforts to reduce debts have sacrificed jobs.
Asian markets cheer Spain's plans for reform (+video)

Asian stocks edge up as debt-laden Spain unveils budget plans with sharp cuts in government spending. Euro and Japanese yen climb while dollar falls.
Energy Voices Oil demand slumps in August

Total petroleum deliveries for August 2012 were at their lowest level for the month in 15 years and domestic oil production followed similar trends, according to OilPrice.com.
Energy Voices Is the world economy suffering from 'high-priced fuel syndrome'?

The major issue for many countries is that oil is becoming too expensive for the economy to afford, Tverberg writes.
World markets recover as Spain, Greece brace for austerity

Th mood in the financial markets improved slightly Thursday, though investors remained concerned about violent protests in Greece and Spain over planned austerity measures. Worries that the Spanish government is losing control continued to hurt that country's markets.
Europe unrest reverberates on Wall Street

A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
Spain's troubles worsen, sparking new phase for euro crisis

Spanish stock prices fall 3 percent Wednesday as Spain's bond rates rise above 6 percent and demonstrators take to the streets to protest anticipated cuts in government spending.
Amid Madrid protests, Catalonia bumps up elections in independence push

Catalonian leader Artur Mas moved up elections to force Madrid – already dealing with Spain's social and economic upheaval – to authorize a referendum on Catalonian secession.
Oil prices fall as gloomy economic outlook persists

Oil prices fell below $91 per barrel Wednesday amid pessimism about the outlook for economic growth. Oil prices failed to get any lasting boost from high US consumer confidence.
Will the Occupy movement dissolve Spain's parliament? (+video)

Some 6,000 of protesters gathered outside Spain's parliament in Madrid to protest austerity measures and to call for the ouster of Spain's current government .
Stocks waver as confidence falls in Europe

Stocks closed down modestly after opening low and recovering in the afternoon. Stocks had risen strongly in recent weeks as traders anticipated, then received, help from the Federal Reserve.
Asian stocks, boosted by stimulus, fall on economic outlook

Asian stock markets drift lower as concerns rise about global economic weakness. Stock market optimism over stimulus from Fed and other central banks seems to be fading.
Gold prices hit high for the year

Gold prices hit $1,790 an ounce in Friday trading, before falling back to $1,778. Gold prices rose on hopes of economic stimulus from a Spanish bailout.
After Fed rally stocks slip late in day

Most of Friday seemed like another day in the Fed rally until stocks slipped in the late afternoon. Stocks are still much higher than might be expected for such a morose economy.
Stock markets, US futures steady on hopes Spain asks for aid

As global economy worsens, investors expect Spain to negotiate a bailout, easing fears about a eurozone breakup. Major Asian, European market indexes showed little change, while S&P futures were up modestly.
Oil prices drop back to reality

Oil prices fall 7 percent since Friday. The drop in oil prices was overdue, analysts say.
After Spain nixes new fiscal deal, Catalonia considers independence push

Spain's prime minister refused to renegotiate a fiscal deal governing the Catalonian region's payments to Madrid, arguing that all regional governments will then follow suit.
Japan easing boosts Asia's stock, but not Europe's

Japan's central bank boosts bond-buying in an effort to lower interest rates. Japan's Nikkei index jump to a four-month high, but European stocks are unmoved.