Topic: Euro Zone

Greek debt crisis: What will happen to the eurozone?

If the Greek debt crisis collapses Greece, Spain and Italy and even Germany could follow.

Wall Street facing a Greek fire

US dollar strength will reduce US corporate profits

Right and wrong from Eichengreen about euro area breakup

Amid Greek debt crisis, Iceland still recovering from its own collapse

While Greece battles its debt crisis, Iceland – where major banks collapsed in the wake of the global financial meltdown – is gearing up for a referendum on whether its taxpayers will shoulder the burden of paying back billions of dollars of debt.

The Monitor's View: Why Europe can't let a reckless Greece off the hook

Other countries that use the euro want to see proof that Greece is taking painful austerity measures before they spell out what a rescue might look like. It's a return to concern about 'moral hazard' -- which got trampled in the rescue of the US financial system.

Bank Of England Is Responsible For High U.K. Inflation

Greece to Make All Large Cash Transactions Illegal

The Monitor's View: Greek deficit crisis holds lessons for US, others

Financial markets are alarmed by the public spending binge in Greece, causing a slide in the euro. The lesson is basic: Countries with high deficits, including the US, must get their fiscal house in order.

EU promises help for Greece, but euro falls in absence of bailout

European Union (EU) leaders promised on Thursday that they stand waiting to help debt-laden Greece, if needed. But the euro declined as investors worried about the lack of a clear commitment to a bailout package.

Greece debt crisis: Greeks resigned to day of reckoning

Polls show that nearly two-thirds of Greeks support austerity measures to deal with the Greece debt crisis. But taxi drivers, facing new gas taxes, went on strike Thursday.

Will Europe step in to bail out Greece?

European Union leaders gathering for a crucial summit Thursday face tough choices: come to Greece’s rescue with the first ever bail out of a eurozone state or hold back and see if Greek spending cuts and reforms can avert a default.

Stocks rally on news of possible Greece bailout. What comes next?

Stocks rallied in the US and in Europe on Tuesday on expectations of an emergency European Union bailout for Greece. But Greece, with a ballooning national debt, is not out of the woods yet.

Dow closes below 10000 for first time in three months

Concerns about the ability of Greece, Spain, and Portugal to pay their debts caused the Dow Jones Industrial average to drop more than 100 points, closing below 10000 for the first time since early November.

As US looks outward, world economic scene improves

As American businesses look globally for profit, they see glimmers of financial improvement.

Why 2012 movie is a hit in China

In “2012,” Hollywood for once casts China as the good guy. But some critics say the movie simply reinforces stereotypes.

China leading world in economic recovery

Buoyed by last year’s massive stimulus package, China’s economy will grow enough this year to offset three-quarters of the decline in the US, Eurozone, and Japan, a new World Bank report predicts.

Money Daily Brief: Asian stocks highest in a year

A key benchmark for Asian stocks rose to a 13-month high.

Ireland embraces Lisbon Treaty. Will Blair be next EU president?

Ireland says 'yes' to Lisbon Treaty. Reforms will give European Union a unified foreign policy, and a permanent president.

Money Daily Brief: World economy to grow faster in 2010, IMF says

The International Monetary Fund raises its 2010 forecast for economic growth.

Consumer confidence dips in US, strengthens abroad

The index of consumer confidence has dipped in three of the past four months, the Conference Board reported Tuesday.

FOMC statement: US economy has picked up

With its FOMC statement, Federal Reserve says it will slow debt purchases.

Europe spots recession's end. Stimulus goes on.

If global recession is over, what will recovery look like?

Tepid but sustainable, is the most common answer. Growth in Asia will be the main driver, with help from a modest revival in the US.

As G-8 convenes in Italy, tough questions of economic stimulus and climate change

The nations meeting in earthquake-devastated L'Aquila are also likely to consider what actions to take on Iran, North Korea.