Topic: Euro Zone

Is the Greek debt crisis spreading?

World stock markets fell as prospects grew that the Greek debt crisis is spreading to Portugal and other indebted nations.

Greek crisis worsens

Greece's budget deficit is higher than believed, leading the beleaguered country to seek rescue packages immediately. Might that be the first step down a very slippery slope?

How to solve the Greek debt crisis

Greece's debt crisis continues to spiral out of control and only one solution appears to be effective: for Germany and other countries to extend a 5 percent loan of indefinite amounts.

Greece bailout not a given, says Germany

Greek Prime Minister George Papandreou called his country a "sinking ship" as he requested a $56 billion bailout today. But Germany, which is key to any aid package, still isn't convinced that a Greece bailout is absolutely necessary.

European property prices since 2000

Iceland reports record 34 percent inflation

Inflation is up overall in Europe, especially in Iceland, which experienced a 2-year cumulative increase of 36 percent.

Deflation is pushing Ireland to restructure faster

With consumer prices down 3 percent, Ireland is seeing a tough but necessary restructuring through deflation.

Dow reaches 11000. Now what for the stock market?

With the Dow's march to 11000 complete, the focus turns to the economy. Can the private sector rev the economy forward as government stimulus begins to fade?

How the euro depresses Greek earnings

The British pound sterling play

Greek debt crisis: pushing more European integration?

As the Greek debt crisis rolls on, some in Britain worry that the crisis is being used to undermine economic sovereignty and pushes European integration further.

Greece bailout: What's the future of the euro?

The Greece bailout package agreed to by European leaders and the International Monetary Fund last week decreases the likelihood of a Greek government default. But the wrangling over the bailout -- and the steps that left Greece in a financial hole -- raise questions about the prospects for the stability of the euro.

Merkel praised in Germany for hard line on Greece debt crisis

German Chancellor Angela Merkel received wide praise at home ahead of May elections for negotiating a bailout package for Greece that limits the costs to Germany.

Euro zone includes IMF in backup bailout for Greece debt

In Brussels, the 16 eurozone nations agree to include the IMF in a backup bailout for Greece debt.

The Monitor's View: Greece debt crisis: Can it unite Europe?

Europeans are discussing creating a European monetary fund -- their own version of the IMF -- to handle problems like the Greece debt crisis. Agreeing on this idea would test even those most dedicated to European unity.

European leaders spar over Greece bailout ahead of EU summit

France, Italy, and Germany are at loggerheads over a possible Greece bailout ahead of what was to be a routine EU summit this Thursday. Greece has threatened to go to the IMF if the EU can't help with the crisis.

If a Big Mac costs only $1.83 in China, is the yuan too cheap?

The sandwich in China costs half of what it does in the US, according to The Economist's Big Mac index.

After papal rebuke, Ireland takes stunned stock of battered church, economy, and nation

Many in Ireland are stunned that the once high-flying 'Celtic Tiger' is now just another battered economy – and by fresh revelations of coverups of sexual abuse of children in the Roman Catholic church as Pope Benedict XVI apologized directly to Irish abuse victims.

Should surplus nations increase the value of their currencies?

The debate around exchange rates and trade balances is new again, thanks to the current economic environment.

As Athens protests, Germany scoffs over Greece debt bailout

Protesters took to the streets of Athens on Thursday over government austerity measures. But anger is also growing in Germany at being asked to finance the Greece debt bailout.

Wall Street snubbed in European sovereign bond sales

US banks are losing the opportunity to earn fees on the roughly $500 billion in planned European debt offerings this year.

A weaker euro isn't inevitable

Despite the arguments of some analysts, there are also reasons it may retain its value.

Global Debt: A country-by-country look at spending for growth vs. deficit cutting

A look at the wave of debt crises spreading around the globe.

Jitters over sovereign debt: Is it time to buy gold?

Some 73 percent of traders believe worries over sovereign debt default may boost the price of gold, a new survey says.

Greek debt crisis: High stakes game of financial chicken

The European Union is pushing Greece into deep economic reforms as a way to end the Greek debt crisis and stabilize the weakening euro.