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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EU austerity hawks shrug off criticism of flawed academic paper
Despite a new paper detailing flaws in the Rogoff-Reinhart study that has been used to argue in favor of austerity policies, Europe's austerity advocates are holding course.
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Stash your cash in Switzerland? US and Europe push to make it harder.
A Spanish court ruling and investigations spurred by whistleblowers are aimed at scaring tax evaders and raising revenue. One watchdog's list could lead to some 300 billion euros in tax havens.
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Japan's economy outpaces predictions
Global markets showed improvement, as optimism grows that work by governments around the world will have the desired effect of boosting the economy. In particular, Japan's economy beat expectations for growth in the first quarter of the year; some credited Abenomics.
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As Europe struggles, the Franco-German alliance turns testy
The relationship between France and Germany undergirds postwar Europe – and some worry the countries' increased sniping over economic woes is threatening the EU's foundation.
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No clear path forward for Bulgaria after election split
The discovery of hundreds of thousands of illegal ballots has left Sunday's already divisive electoral results even more uncertain – and likely compounded Bulgaria's ongoing problems.
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Japanese yen plunges to four-year low. G7 unlikely to act.
Japanese yen's plunge vs. the dollar makes its exports cheaper and its companies more competitive. G7 finance ministers will focus on the Japanese yen at talks in the UK this weekend.
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Is Europe witnessing 'the end of the dogma of austerity'?
France's finance minister said so this week, just the latest in a growing chorus calling for a change to Brussels' hardline adherence to budget cuts as the solution to Europe's debt crisis.
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Energy Voices US oil boom means oil prices must drop, right? Wrong.
Even though production of oil from new fields in the U.S. is booming, there is a consistent decline in production from old fields around the world, and OPEC members have not increased production. Meanwhile, though demand for oil is falling in the US, it continues to grow around the world.
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HSBC profits double after restructuring
HSBC saw its net profits more than double in the first quarter, jumping to $6.35 billion from $2.58 billion in the same period of 2012. HSBC has made important progress in increasing revenue and reducing costs, cutting some 40,000 jobs out of a workforce of 300,000 since 2011.
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Cover Story Dow at 15,000: What the stock market is telling us
As Wall Street posts a new record, experts decode its message about the state of the economy – and whether it's too late to invest.
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Team of rivals: Italy, finally, forms new government (+video)
Center-left leader Enrico Letta will be Italy's new prime minister, after his party formed a coalition government with former Premier Silvio Berlusconi's conservatives.
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Italy's long-deadlocked government shows signs of life
Enrico Letta's appointment as prime minister-designate has sparked hope that a coalition government might finally be formed after two months of negotiations.
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Stop the hate; start the love
A Christian Science perspective.
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The Reformed Broker Is Europe backing away from austerity?
Europe's leaders may be revisiting austerity policies in the face of slow economic growth and weak public support. Will that lead to concrete changes?
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Southern Europe digs in against further austerity, as IMF calls for relief
But the EU has little room to give, as Europe waits for signals from September elections in Germany – the ultimate decider of Europe's economic direction.
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Asian shares dip amidst slowing economic recovery
Worries about trends in global growth, drove down U.S. and European equities, commodities and Asian markets on Wednesday. Earnings forecasts continue to be revised downward, say analysts.
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Auf wiedersehen, euro? New anti-euro party forms in Germany
The small protest party 'Alternative für Deutschland' could shake the political establishment by tapping into German resentment over its perceived propping up of Europe's south.
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Global News Blog Irish bank forges in the smithy of its soul a botched James Joyce coin
The Central Bank of Ireland will not withdraw a 10 euro coin that it minted to commemorate Irish novelist James Joyce, even though the coin misquotes a line from his masterpiece 'Ulysses.'
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Europe indicates it's sticking with austerity. But is that working?
Herman Van Rompuy said on Monday that Europe would hold the course on austerity, but experts say there has been too little focus on growth and a lack of actual reforms.
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Energy Voices Is the future of oil in Tunisia?
Oil industry veteran John Nelson talks to OilPrice.com about the developing interest in Tunisia's energy resources. New bid rounds and forced relinquishments have created an opportunity for new companies to take interest in Tunisia's oil resources.
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Tax VOX Stockton to enter bankruptcy. What happens next?
Stockton, Calif., will be the largest US municipality to enter bankruptcy. The question, Gordon writes, is: Who will be left holding the bag?
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Portugal spats jeopardize economic improvement in Europe's shaky south
The prime minister's recent threat to resign has raised worries that Portuguese politicians may be engaging in brinksmanship tactics that could endanger the fragile economy.
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Stefan Karlsson Euro countries take deficit limits with grain of salt
When governments pledge to meet certain deficit limits, it is worth nothing if the people who enforce the rules are the politicians themselves, Karlsson writes.
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Bank of Cyprus: Big depositors may lose 60 percent
Bank of Cyprus depositors with more than 100,000 euros will get hit with an initial 37.5 percent penalty. Another tax of up to 22.5 percent could be imposed, depending on what the Bank of Cyprus needs to build up its reserves.
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The Monitor's View: Euro crisis: Why a Cyprus bailout must be seen as 'fair'
As Europe tackles its latest euro crisis, a Cyprus bailout deal must follow the path of being perceived as 'fair.' A tax on small-time savers isn't seen that way.
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