Topic: European Markets

Greeks shrug off Europe's warnings that turmoil could get worse (+video)

Europe's dire warnings to Greece about the consequences of a potential default engender little fear among Greeks, who say the worst has already arrived.

As fears about Europe's future worsen, the Dow closes down

Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.

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.

US Treasury bond yields hit record low as eurozone worries mount

A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.  

Strengthen the euro and reform the European Commission

At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.

The case for a German value added tax

The continuing eurozone crisis has economists debating the case for a value added tax, or whether or not the German surplus be reduced without reducing (and preferably in fact increasing) German incomes.

HP jump boosts Dow; stocks mixed

Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month. The Dow closed up 33 points at 12529.

EU still looking for way forward on Greece, growth, and euro zone

The latest summit in Brussels concluded with wide agreement that something needs to be done but with little consensus on what to do.

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.

Amid eurozone turmoil, Germany borrows money for free

Germany sold $5.7 billion of debt today to yield 0 percent, a reflection of how much Europe's largest economy has diverged from its southern neighbors who are paying far more to borrow.

OECD concerned that eurozone crisis could threaten world recovery (+video)

The Organization of Economic Cooperation and Development said Tuesday the eurozone must get member nations with debt problems under control, so as to not pose problems for a less than robust world economic recovery.

France says 'oui' to euro bonds, but Germany says 'nein'

German finance official says Berlin continues to oppose euro bonds, which would create debt backed jointly by European Union nations. EU members meet Wednesday in Brussels to discuss euro bonds and other growth-enhancing policies.

Gold prices to climb if Greece gets fixed

Gold prices fall when dollar strengthens, as it has during latest Greek crisis. Gold prices will recover when Greece's path is clear, says a gold expert.

Obama, G-8: Recovery takes both growth and cutting

Confronting an economic crisis that threatens them all, President Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.

G8 summit: Euro crisis and possible 'Grexit' overshadow agenda

The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.

Stock market futures rebound as G-8 meet

Stock market poised to open higher as leaders of largest economies prepare to discuss Europe's debt crisis. Facebook shares also provide stock market lift. 

What would a Greek exit from the eurozone look like?

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.

Merkel, Hollande pledge to find common ground on European growth

French President François Hollande and German Chancellor Angela Merkel held the first of many meetings yesterday, discussing proposals for augmenting austerity with stimulus measures.

New elections for Greece as talks collapse

The parties who won seats in the May 6 election could not form a coalition government, triggering new elections.

Greece's economic woes may hurt US

Greece's problems and the larger European debt crisis may impact banks, the stock market, trade and even the 2012 election.

Greece has only one chance left to avoid another election

Socialist party leader Evangelos Venizelos today became the third politician this week to fail at forming a coalition government. If the president does too, Greece will head back to the polls. 

Stocks break losing streak. Barely.

The Dow rose 19 points to close at 12885 Thursday, just barely ending its longest losing streak since August.

Euro debt crisis: Is Spain the new Greece?

Greek impasse deepens as talks fail

Three days after Sunday's election, parties failed again to form a coalition government.  A new election may be on the horizon if no majority can come together.

Greek political disarray, worries about Spain push euro to three-month low

Greece has still not formed a government, imperiling its bailout and increasing the chances of it being forced out of the eurozone.