Topic: Euro Zone
Top galleries, list articles, quizzes
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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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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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Estonian austerity, Paul Krugman, and Twitter: All the elements of an opera?
An American expatriate writer and a Latvian economist-cum-composer have turned an online tiff between Estonia's president and Nobel-winning economist Krugman into high art.
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Stefan Karlsson Will Latvia join the Euro?
Latvia remains determined to join the Euro in 2014, Karlsson writes, despite some countries aiming to exit the Euro.
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Sign of good times? Stocks surpass 2007 peak as Dow hits all-time high.
The Dow stock index just hit a historic high, but with unemployment at 7.9 percent, many Americans aren't sharing the euphoria. Still, such markers can be turning points in a recovery.
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Energy Voices Are high oil prices pushing us towards debt limits?
The US is reaching debt limits because of a specific resource limit – lack of inexpensive oil, Tverberg writes.
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No more big banker bonuses? Europe set to crack down.
Europe's financial ministers are expected to approve new rules today that would cap bankers' bonuses at two years' salary – a move unthinkable in the years before the Lehman collapse.
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The Monitor's View: In sequester's austerity, will US echo Europe's politics of fear?
The enforced austerity of the eurozone crisis has roused surprising public anger. European governments are falling. The US need not follow this path if Washington finds a consensus over fiscal issues like 'the sequester.'
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No laughing matter: How a comedian's election is upending Italy
The Five Star Movement's strong showing in Italy's elections has made comedian-turned-activist Beppe Grillo into a kingmaker. But many in Europe worry the last laugh will be on Italy.
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Italian political deadlock casts new uncertainty on eurozone recovery
Markets tumbled and the value of the euro dropped in response to Italy's election results and their unexpectedly loud rejection of German-imposed austerity policies.
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Global markets drop with no clear winner in Italian elections
Some election results in Italy are inconclusive, as of Tuesday. And world economic markets are reacting to the news in a negative manner.
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Big tally for Berlusconi throws wrench into Italy's election
Silvio Berlusconi's party appears to have won Italy's upper house, thereby likely preventing one-time presumptive premier Pier Luigi Bersani from forming a governing coalition.
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