Topic: Euro (Currency)

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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.
Europe's debt crisis: 5 ways it's been put to good use

Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
Eurozone crisis: Who wants what
European debt crisis: Seven basics you need to know
Photos of the Day: Photos of the Day 09/29

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Spain's biggest hurdle to a bank recovery: public distrust

Key to averting a banking collapse in Spain is persuading the public it's safe to keep money in the country – but government actions only exacerbated a loss in confidence.
Bernanke says Fed will do 'whatever necessary' if euro crisis spreads (+video)

Chairman Ben Bernanke said the Fed is ready to make emergency loans to solvent banks to prevent financial panic. The Fed may also consider a new round of quantitative easing, he added.
Greek political spokesman assaults Communist Party member on television

The violent display reminiscent of trash TV, a week and a half ahead of crucial elections, stunned Greeks as they seek to avoid a catastrophic exit from Europe's common euro currency.
Sell in May and go away: Stocks close dismal month

With a disappointing finish on Thursday, the stock market closed what was by some measures its worst month in two years. The Dow closed down 26 points on Thursday to end the month at 12393.
As Ireland votes on EU treaty, many ask if it's worth cost of membership (+video)

The strict rules of the EU fiscal treaty Ireland votes on today essentially block stimulus spending, and many Irish worry the country is stuck in an austerity-driven slump.
As fears about Europe's future worsen, the Dow closes down

Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
US Treasury bond yields hit record low as eurozone worries mount

A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.
Despite oil prices, falling euro, Dow closes up slightly

Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
HP jump boosts Dow; stocks mixed

Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month. The Dow closed up 33 points at 12529.
Obama, G-8: Recovery takes both growth and cutting

Confronting an economic crisis that threatens them all, President Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.
Stocks fall; Dow continues two-week slide

The Dow lost 63 points to close at 12632 Tuesday as Europe's latest political impasse cast a gloom over financial markets.
Hollande takes power in France amidst lightning

After he assumed the presidency in a Paris ceremony, the new French president headed for Germany to meet with Chancellor Angela Merkel.
Obama "vampire" ads target Romney on economy (+video)

The President's re-election campaign is making a full-court press including TV ads, web video and media appearances.
Stocks slide as doubts about Europe simmer

Stocks pitched down Wednesday in the US as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. The Dow lost 97 points to close at 12835 – its sixth consecutive day of losses.
Greek political disarray, worries about Spain push euro to three-month low

Greece has still not formed a government, imperiling its bailout and increasing the chances of it being forced out of the eurozone.
No government yet for Greece after Sunday's election

Voters sent a strong message of anger over austerity measures imposed by Greece's foreign lenders, but with no party in the majority a government has yet to be formed.
Greece election results cause problems for bailout plans (+video)

Elections in Greece over the weekend saw both far-right and left-leaning politicians gain seats in parliament, setting up a fight over the country's economic future.
Change Agent Greek town creates its own alternative currency

Alternative currencies keep resources and economic systems close to home and have both a trickle-down and a ripple-out effect.
Stocks fall on worries over European stability

The Dow slipped 102 points to close at 12927 Monday as worrying news out of Europe sent US stocks sharply lower.
EU to Ireland: your referendum won't stop EU financial treaty

Germany is angry that Ireland plans to hold a referendum on a treaty that will impose strict budget controls on EU members. Ireland has twice rejected EU treaties — but this time, it alone cannot scupper the deal.
Ireland may get concessions in exchange for 'yes' on EU fiscal treaty

Ireland's approval of the EU fiscal treaty passed in January is dependent on a public referendum, the attorney general said today. Ireland might demand concessions in exchange for approval.
Dow 13000 mark close, but not quite

The Dow made another run at 13000, finishing up 46 points at 12984. Despite coming within four points of the mark, early losses kept the index from reaching 13000.
Stocks close lower after flirting with 13000

The Dow lost 27 points to close at 12938 Tuesday as stocks closed lower for the first time in four trading days.
Stocks rally as Greek debt talks show signs of life

After losing for most of the day, the Dow rallied to close up four points at 12878 on late reports that suggested the unraveling Greek debt talks might be saved after all.
In Ireland, EU treaty on debt remains in doubt

If Ireland rejects a recent EU treaty in a national referendum, it could undermine the fiscal compact Europe is hoping will bring the debt crisis under control.