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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US consumer confidence retreats
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Greece faces bleak tourism forecast
Summer bookings have dropped across Europe as travelers head to cheaper spots.
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Lithuania considers IMF lifeline to slow economic collapse
Workers are being sent home, construction has stopped, and leaders of the 'Baltic Tiger' fear growing social unrest.
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Opinion: The next global economic shock?
Western Europe's banks are too indebted to export-hit Asia and Eastern Europe.
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US trade deficit falls to nine year low
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Euro for Eastern Europe? Not so fast.
The European Central Bank quashed speculation Monday that failing eastern economies might adopt the currency in response to the financial crisis.
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ADP: US lost 742,000 jobs
The decline mirrors rising unemployment in the EU and Japan.
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US and European paths to recovery diverge
Ahead of the G-20 economic summit, a divide grows over the balance of regulation and stimulus.
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Some in Eastern Europe ask: What economic crisis?
Ahead of G-20 summit, Czech and Polish leaders say their banks have no toxic debt and auto factories are humming.
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US urges a global economic fix
Ahead of the G-20 finance ministers’ meeting, Obama calls for allies to increase stimulus efforts – and meets a cool response.
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EU summit pledges help – but offers no more money – for struggling East
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Eastern Europe’s fall puts Continent on edge
Latvia’s collapse and the sinking East is hurting Western banks, and the ideals of unity.
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The Monitor's View: From crisis, a more unified Europe?
The recession is exacerbating splits within Europe, but its severity may change that.
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US GDP falls 3.8 percent, but outlook worse elsewhere
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Reporters on the Job
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After Sarkozy, a Czech takes EU helm
Czech President Vaclav Klaus, an economist and self-proclaimed 'Euro-dissident,' is critical of much of the governing body's efforts.
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Corruption in Bulgaria tests EU expansion
Frustrations mount over Bulgaria – the most violent, corrupt, and poorest of EU members. Aid is being withheld as reform promises are made (and broken). Can it be fixed?
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Stimulus 2: Can more spending spur a recovery?
Many economists agree another stimulus package is necessary. Some are skeptical about its benefits.
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French assertiveness on credit crisis jars Europe
A spirit of cooperation is tested ahead of a crucial series of meetings to prepare for a Nov. 15 US summit.
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Europe's financial crisis is spreading eastward
Hungary and Ukraine received emergency loans from the IMF Sunday. Belarus and Serbia are asking for help, too.
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Why Britain is leading the world out of the banking crisis
On Tuesday, the US was the latest nation to follow Gordon Brown's blueprint for rescuing banks.
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Markets foresee global contraction
France, Ireland, and Denmark are in recession. Others teeter on the edge.
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Europe pushed to produce its own rescue plans
Three major lenders were rescued on Monday as the global credit crisis spread.
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To counter Russia, E.U. reaches out to Ukraine
Aid and outreach initiatives have been stepped up. But full EU membership will be slow coming say Ukrainians.
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Reporters on the job



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