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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Tunisia seeks gold in former dictator's assets
Tunisia has been aggressively pursuing the assets of former dictator Zine El Abidine Ben Ali and his associates, seizing bank accounts, luxury homes, and one-of-a-kind luxury cars.
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In Spain, investors led astray by long-trusted bankers
In small towns and banks across Spain, investors who poured their savings into once high-yielding accounts mostly followed the advice of friendly bankers they had known for generations.
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Can Ben Bernanke save the job market if 'fiscal cliff' talks fail?
The Federal Reserve said this week it would maintain ultralow interest rates until the unemployment rate falls to at least 6.5 percent, unless inflation starts looming as a near-term risk.
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Opinion: Two ways US and Europe can boost their economies
The US and Europe now have two great opportunities to give their economies a much needed boost. One is to successfully navigate their debt mountains and fiscal cliffs. The other is to finally negotiate a US-EU free trade agreement.
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Italian Prime Minister Monti's surprise resignation shakes investors (+video)
Analysts fear Prime Minister Monti's unexpected resignation could spark a new round of Italian political turmoil and slow efforts to shape up the eurozone's third largest economy.
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In post-revolutionary Tunisia, 'it's (still) the economy, stupid.'
Violent protests in the countryside echo the economic protest that touched off the Arab Spring here as the new government struggles to improve on the jobs situation.
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Energy Voices
Oil and the 'fiscal cliff'Tverberg explores the connection between changes in the oil market and growing concern of the 'fiscal cliff.'
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Fiscal cliff talks stall. Will a deal get done by Christmas?
Fiscal cliff deadline is a month away, but Republicans and Democrats are blaming each other for the inability to get a deal done that would prevent automatic spending cuts. The uncertainlty over the fiscal cliff talks is already having a financial impact, sending the stock market on a roller coaster ride.
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GDP comes in strong. But will 'fiscal cliff' slow growth?
The economy grew at a 2.7 percent pace in the third quarter, according to the latest GDP report, but the road ahead depends heavily on how politicians deal with the fiscal cliff.
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Recep Tayyip Erdogan: Turkey's economy meets EU membership criteria
Since 2002, Turkey's growth strategy, fiscal discipline, and structural reforms have helped it become the world's 16th largest economy. Last year, Turkey's figures for growth, public borrowing, long-term debt, and unemployment were vastly better than Europe’s.
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Staying afloat: Europe releases more money for Greece
After a 12-hour meeting lasting into the wee hours last night, Greece's creditors agreed to cut its debt and release more bailout funds, staving off yet another Greek bankruptcy.
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Euro officials cut a deal on Greek debt
Eurozone finance ministers agreed to give Greece the next installment of its bailout loan, totaling about $57.8 billion. Greece will soon enter its sixth year of recession.
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More time or tough love? Eurozone deadlocks over Greece debt deal.
Greece needs its next aid infusion by mid-December. But European finance ministers postponed a deal amid disagreement over how much time Greece should have to pay down debt.
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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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Stocks close lower after weak retail reports
Stocks closed lower for the third day straight Thursday after weak reports from the nation's retailers. Debate over the impending fiscal cliff is also weighing on stocks.
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Energy Voices
An America self-sufficient in oil? Don't bet on it.A new forecast that the US will surpass Saudi Arabia in oil production is unrealistically optimistic. Oil prices would have to rise far too much for unconventional oil to meet forecast levels.
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Home Depot soars, stocks fall in uneven trading
Home Depot earnings beat expectations, sending its stock up 3.6 percent. Despite signal of housing recovery from Home Depot results, 'fiscal cliff' in US and postponement of aid package for Greece drag down broader market.
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Eurozone, IMF clash over Greek debt as deadline looms
IMF chief Christine Lagarde and European financial ministers debated today over how to prevent Greece from collapsing, even as Athens faces mandatory debt payment on Friday.
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George Soros: To survive, Europe must recapture spirit of solidarity
Europe has become divided into two classes – depressed debtors like Greece and controlling creditors like Germany. To reverse this, Europe must recapture its spirit of solidarity. A good place to start is where suffering is greatest, in Greece, among thousands of mistreated migrants.
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Energy Voices
Does the IMF think we have a peak oil problem?The fact that the International Monetary Fund has produced two papers on peak oil this year gives some indication of how seriously it is taking the issue, Cobb writes.
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Germans happy with Obama win, but still disagree on austerity
If Germans could have voted, Obama's reelection would have been a foregone conclusion due to the president's 85 percent approval rating.
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Greece pushes through more austerity, awaits next bailout payment
The Greek Parliament narrowly pushed through the new, unpopular austerity measures, a key step for the release of more bailout funds from Europe.
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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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As 'fiscal cliff' looms, stock markets shudder at economic 'uncertainty'
Tuesday's election has stirred stock markets' concerns about the economy, with the Dow Jones falling 2 percent Wednesday. The reason: Washington appears poised for gridlock – again.
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Ahead of austerity cuts, Greek protests get violent
Athens descended into violence Wednesday when a few hundred protesters clashed with riot police ahead of a crucial parliamentary vote on new spending cuts.
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