Topic: Euro Zone
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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.
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How the world is reacting to Obama's reelection
From China to Iran, President Obama's reelection elicited everything from celebration to doubt about his second-term agenda. Here are 11 responses:
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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.
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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.
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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.
All Content
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Short-selling banned in 4 European countries
Short-selling of certain stocks is now forbidden in France, Italy, Spain, and Belgium. The ban on short-selling comes as concerns about Europe's debt worsen.
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Efforts to calm European markets mount, but fail
Markets had rebounded by late in the day, but they're still fragile, economists say. Leaders of France and Germany have announced plans to meet next week to discuss Europe's financial troubles.
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Gold prices shoot past record $1,800 an ounce
Gold prices jumped on Wednesday as fears about Europe's debt crisis intensified. Gold prices were at about half of the current level prior to the financial crisis, during the summer of 2008.
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'Eurobonds' anyone? Officials call for EU-wide fiscal policies to ease debt crisis
But that hasn't dampened calls from critics who worry that centralizing European Union fiscal policy would impinge on national sovereignty – and possibly even worsen the crisis.
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A few not-so-glamorous things Obama can do for the economy
The president should stop making fluffy speeches and start doing the dirty work of banking regulation
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World markets worried about containing Europe debt crisis
Despite the European Central Bank’s intervention today, last week's losses in the Asian and European exchanges continued, prompted by worries that Europe's debt crisis will spread.
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Double-dip recession? It would be for no good reason.
Double-dip recession could be coming, but it doesn't have to be. As Americans are becoming fearful of a double-dip recession, lawmakers in Washington are obsessing over the wrong things.
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European economic crisis: Why Italy is seen as too big to bail out
While Italy has a fairly low budget deficit, structural issues such as low productivity have resulted in an economic crisis. Its public debt, at 118 percent of GDP, is one of the highest in Europe.
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Why India could feel the global financial aftershocks this time
India's huge domestic demand helped it weather the financial crisis of 2008. But since then, Indian companies have invested internationally, increasing India's vulnerability to economic downturns.
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Futures market tumbles after S&P downgrade of US
Futures market for US stock fell on Monday after the US credit rating was reduced from AAA to AA+ on Friday. For the Dow, the futures market fell 200 points, S&P 500 futures fell 24 points, and Nasdaq futures fell 44 points.
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Global markets fall, US markets recover, leaving investors jittery
Global markets fell for the eighth day on Friday, while the US markets recovered from Thursday's plummet. As global markets drop, fear grows that the global economy could slip into another recession.
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Dow Jones: a seesaw day of tension
The Dow Jones Industrial Average soared more than 170 points after a better-than-expected jobs report, dropped more than 500 points, and has since pared most of its losses.
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Jobs report eases US market, but EU feeling heat
A better-than-expected US jobs report helped abate selling pressures on Wall Street. But Europe's debt problems are pressuring EU officials to act.
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Asian stocks fall, indicate rush to safety
Asian stocks fell more than 5 percent Friday, after the worst day on Wall Street since December 2008.
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Why Europe's debt crisis is still spreading
European credibility seems to be the issue. Investors are increasingly edgy over whether EU policymakers can agree on how to ease the debt crisis.
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Stocks plunge: four factors behind investor pessimism
The stock market is tanking. At midday Aug. 4, the Dow had fallen 300 points. The bond market is also beginning to growl like a bear. Investors are buying long-dated bonds while eschewing shorter-term securities to protect their assets, a clear indication that they feel the economy is likely to weaken further. High-profile economists are also turning gloomy. Former Treasury Secretary Lawrence Summers put the chances of another recession at 1-in-3; Harvard economist Martin Feldstein put it at 1-in-2. What's behind all the pessimism? Here are four big factors that are weighing on stocks and could determine the course of the global economy in the coming months:
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Oh no! Another recession?
The possibility of a recession this year or next is rising because growth is so weak. Weak growth makes the economy more vulnerable to shocks.
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Debt limit compromise: Global markets cheer, but...
Debt limit deal causes jump for stocks in Asia and stock futures in US. But big cuts from second step of debt limit plan would be needed for a durable rally.
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Debt plan for US: key signal for global markets
Debt plan compromise is reportedly close, which could give global markets a bounce. A default would add huge stress to already slumping markets.
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Think US debt is high? Take a look at Europe's most indebted nations.
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.
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Bond market crumbling? No, world still hopeful on US debt deal.
Bond market debacle seems unlikely, many foreign officials say. But bond market could see loss of America's Triple A rating if there are no big budget cuts long term.
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Five ways US default would hit your pocketbook
With the possibility of America defaulting on a debt payment just days away, Americans are hoping for the best but bracing for the worst. Lawmakers are raising alarms. Some investors are scrambling to the safety of gold and foreign currencies. What would a US default mean for the American consumer? Here are five ways it would hit your pocketbook:
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EU leaders agree on Greek bailout. Turning point in euro crisis?
European leaders in Brussels today agreed to a deal for Greece that includes $156 billion in aid, private investors, and extending the maturity period on Greek bonds.
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Why do Japanese bonds have such low yields?
Japan's bond yields are lower than Italy's, even though Japan has a higher deficit and debt level
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From 'Ninja Wendi' to 'daft hysteria,' UK press turns a sharp pen on Murdoch and Co.
With the spotlight shining bright on Rupert Murdoch, his media empire, and his political ties, British columnists are offering up searing critiques on every aspect of the phone hacking scandal. Here's a sampling:
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