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.
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:
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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Oil prices fall again: Is commodities boom ending?

Rising oil prices have been part of a surge for commodities like gold and silver. The drop in oil prices this week suggests that that surge might be ending.
Oil price drop is second largest on record

Oil price drop: Thursday's oil price drop was the second largest one-day drop on record. Here is what triggers these drops.
Where will bin Laden 'mother lode of intelligence' lead?

It's 'the mother lode of intelligence,' a US official said of the materials found with Osama bin Laden in Abbattabad, Pakistan. The Wall Street Journal called the cache of computers and documents 'the largest potential intelligence coup of the post-9/11 era.' Here's a look at what was discovered, where it is now, and what it might reveal.
The first tea party movie? 'Atlas Shrugged' strikes a chord with activists.

The box-office results for 'Atlas Shrugged' show that cinematic clashes between self-made industrialists and government bureaucrats fit this moment in American history snugly, addressing tea party sentiments.
Stocks end up on good economic news

The Dow rose about 56 points, with Merck and DuPont gaining and Bank of America and Cisco falling
Portugal requests bailout. Will Europe's debt crisis stop there?

Portugal formally requested a bailout Thursday, which will likely come just in time for it to pay back debts that come due in June.
Stocks close off lows hit after earthquake

Stocks fell initially on Japan's latest earthquake, but recovered some of their losses. The Dow average dropped 17 points; the S&P 500 index fell 2 points.
Portugal bailout: Who's Europe rescuing, and by how much?

Portugal announced today that it would seek a bailout from the European Union, becoming the fourth country in western Europe to request a financial rescue package. All eyes are now on Spain, the last of the so-called PIGS (an acronym for Portugal, Ireland, Greece, and Spain, the least economically robust members of the eurozone) to not request a bailout. Here's a look at the financial rescue packages for each nation.
Japan earthquake rattles world markets

Japan earthquake drives down major European markets at close. US stocks at midday also down as investors try to evaluate impact of new 7.4 magnitude Japan earthquake.
ECB raises interest rates, but should have let them be

ECB has pursued inflationary policies in the past, but this move may be a deflationary one
A fragile recovery – and five shocks that threaten it

This recovery isn't nearly as robust as previous upturns. Japan, Libya, and other crises could undercut it.
Stocks end mixed. Best first quarter since 1998.

Stocks closed out the quarter with the Dow gaining 742 points, its biggest first-quarter point gain in more than a decade and its biggest percentage gain since 1994.
Portugal: strike three for the eurozone?

An EU bailout of Portugal now seems inevitable.But at some point, EU taxpayers are likely to tire of bailing out nations like Portugal, which seem unwilling to curb their spendthrift ways.
The Monitor's View: Libya, Japan, the European debt crisis. Take that last one off the list?

This week, debt felled another European leader as Portugal's prime minister resigned. But the euro currency did not tumble. That's a sign that Europe is finally getting on top of its debt crisis.
Stocks end higher, propelled by tech, retail

Dow gains 84 points, up nearly 5 percent over the last six trading days.
Portugal could require $107 billion bailout from EU-IMF

The collapse of Portugal's government raised the likelihood of a bailout and set back efforts to beef up a financial rescue package for troubled European economies.
Should Britain pay for a Portuguese bailout?

Portugal's economy has collapsed, and it looks like the country will be bailed out by the European Union
Nikkei surges, other stock markets quiet

Japan's stock market index surges 4.4 percent as outlook for Japanese nuclear plant improves. Other stock markets in Asia, Europe little changed
Will the yen face a repeat of 1995?

After an earthquake in 1995, the yen appreciated quite a bit. But this time may be different.
Europe makes room for Chinese investment, but not without concern

China has signed a number of trade deals throughout Europe that could boost struggling economies, but some Europeans have misgivings about the possibility of a financial lifeline from China.
Stock futures edge higher. All eyes on oil.

Stock futures point to a slightly higher open on Wall Street as traders watch to see if OPEC will boost oil production.
Oil prices fall. Stocks recover.

Oil prices fell from their highs on prospects of higher OPEC production. After flirting with $120 a barrel in London, oil prices declined to nearly $114.
Interest rates: Europe could see hike in April

Interest rates could be pushed up next month, the head of the European Central Bank says. But he doesn't foresee a big hike in interest rates.
Would Britain have been better off with the euro?

The euro was a bad idea, but the Bank of England hasn't been particularly competent in 2000s either.
Indicators show Greek economy is weakest in Eurozone

Industrial production, consumer confidence, and business confidence are all in bad shape.