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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G20 summit: an economic clash of civilizations
This weekend's G20 summit pits President Obama's stimulus efforts against European calls for austerity budgets in what is shaping up as an economic clash of civilizations.
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UK budget 2010: New era of austerity in Europe?
UK budget 2010: Britain today unveiled budget cuts to raise £40 billion in state revenues through tax increases, welfare cuts, and salary freezes. But history suggests that raising taxes during a recession can cause a double-dip.
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Poland election: Can late president Kaczynski's twin brother pull off an upset?
Parliament speaker and acting president Bronislaw Komorowski is expected to win the first round of the Poland election on Sunday, but.Jaroslaw Kaczynski has been rising in the polls.
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Moody's rates Greece's credit status as junk
After International Monetary Fund and European Union officials began an interim review of Greece's efforts in their debt crisis, Moody's Investors Service slashed the country's credit rating to junk status.
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Greece collapsing into recession
Industrial production has fallen off a cliff, consumer confidence has plunged to historic lows, business confidence has made a sudden reversal and the leading index is turning down fast.
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Dusting off ancient Chinese wisdom: No quick fix to a moral problem
A proper market economy is moral in this way: It gives people what they deserve, not necessarily what they want or expect.
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On Krugman's refusal to accept the consequences of deficits
Paul Krugman refuses to accept the fact that if the government dissaves, it will lead to a bigger trade deficit.
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World Cup 2010: Top 10 highest-paid players now a little less rich
Six of the highest-paid players in World Cup 2010 have lost up to $21 million collectively because of the euro's slide.
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Dutch voters boost far-right party of Geert Wilders
Spurred by anxiety over immigration, Islam, and the economy, Dutch voters put the center-right Liberals in the lead in national elections, and gave a strong boost to Geert Wilders's Freedom Party, which proposes banning the Koran and the building of new mosques.
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Why letting Greece default would be cheaper than a bailout
German Chancellor Angela Merkel Merkel pushed to get the German parliament to approve last month's nearly $1 trillion bailout for Greece. Some economists argue that it would have been cheaper to let Greece default and then bailout European bank bondholders.
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Read states' lips: No new taxes in next fiscal year, hardly
For most states, new taxes are off the agenda next fiscal year, according to reports from the National Governors Association. The recovering economy will yield higher tax revenues for states, but not to pre-recession levels.
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The cost of Spain's 'dropout generation'
Spanish unemployment has risen astronomically, reaching a record of around 20 percent. Young people, especially, are receiving benefits instead of working.
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How to solve EU and US debt woes: Live within your means
Leaders of developed economies now come from a professional ruling class whose survival depends on delivering the fantasy that we can live beyond our means.
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Will Europe's austerity programs lead to inflation?
Because the euro will probably depreciate as a result of fiscal austerity, the effect on inflation in countries tightening fiscal policy will be uncertain.
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Does LIBOR spike spell trouble for EU banks?
Given all the political confusion and the massive financial deficits that many EU countries have piled up, renewed fears about the banking sector are no surprise.
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France, Germany at odds as euro continues to tumble
France and Germany disagree over the best way to handle Europe's sovereign debt crisis and their collapsing common currency, the euro. Some analysts think it could strain European unity.
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World debt crisis: eight reasons you should care
As the world starts to focus on its debt crisis, Greece's financial woes may presage problems to come in Europe and the United States – with implications for your bank account and stock portfolio.
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Germany: Europe's reluctant ATM
Resistance grows across Germany to bailing out other debt-ridden countries. Will Germany drop the euro?
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Can the European Union survive the debt crisis?
As differences persist over how to handle the debt crisis, momentum builds among European Union nations to either drop the euro or form new currency alliances.
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European bailout was not enough to save the euro
The euro reached 4-year lows this week after the European bailout failed to build confidence in the markets.
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South Korea markets plunge on news North Korea is preparing for war
South Korean stocks continued to fall Tuesday on reports that North Korea was preparing for military action and had accused the South's Navy of trespassing.
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Europe's debt woes weigh on stock markets again
European stock markets fell again and the American stock market opened lower over European worries on Monday.
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Photos of the Day: Photos of the Day 05/20
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European markets slide after German ban on short-selling
European markets fell late Thursday morning over fears that other EU countries may follow suit on Germany's short-selling ban.
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Euro debt panic will have deflationary impact on US
The debt crisis will lower nominal national income while increasing the purchasing power of the US dollar.
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