Topic: European Central Bank
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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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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France presidential elections: the candidates challenging Sarkozy
French President Nicolas Sarkozy is fighting for reelection in the April 22 presidential poll. Here are the top 5 presidential candidates.
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Greek bailout: 5 key conditions set by EU
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
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Six predictions for consumers in 2012
It’s been nice, 2011, but as we move into the new year, many consumers are no doubt wondering what 2012 has in store for them, particularly when it comes to their wallets. Is a double-dip recession in the cards? Will it be easier to get a mortgage? Is a checking account switch in order? What will interest rates be like in the new year? Here are my Top 6 predictions for consumers in 2012:
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$1 million Apple heist: Thieves hit Paris store on New Year's Eve
$1 million Apple heist at the flagship store in Paris was a 'well prepared' operation, police said. Four armed thieves used the commotion around New Year's Eve festivities in downtown Paris to carry out the $1 million Apple heist.
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Focus
In 2013, possibilities for stability from Somalia to South China SeaPolicymakers in many of the world's hot spots have a common New Year's wish: for unity to usher in and consolidate political and economic stability.
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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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Is Berlusconi really set to lead Italy again?
Mario Monti's resignation as prime minister of Italy has opened the door to Silvio Berlusconi's return to the office – and he has promised that he will run again in February's elections.
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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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Europe debt defaults are poised to rattle stocks
At least five eurozone nations will need to restructure their debts, says a new Citigroup report. Greece will probably leave the eurozone within a year.
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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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Anti-austerity strikes spread across Europe, lead to arrests, canceled flights
Arrests, and canceled flights are seen across Europe on Wednesday as millions of workers went on strike to protest against spending cuts they say have made the economic crisis worse.
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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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Stocks slide on Wall Street, extending sell-off
The potential for gridlock in Washington sent stocks spiraling downward for a second day straight Thursday. The Dow closed down 121 points, or nearly 1 percent.
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Dow loses 313 in post-election sell-off
Stocks plummeted during Wall Street's first day of trading after President Obama's reelection. Stocks also spiraled downward in the days after Obama's first victory.
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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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Greeks strike over spending cuts before crucial austerity vote
The strike has brought public transport to a virtual standstill and shuttered schools, banks, and local government offices in Greece the day before Parliament votes on a new round of wage and pension cuts.
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Gold prices rise ahead of presidential election
Gold prices rose slightly ahead of the US presidential election Monday, gaining $8 to finish at $1683.20 per ounce. Investors are cautious until the race is decided, but low gold prices drew buyers looking for bargains.
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Europe must overcome the politics of fear around the debt crisis
As the former prime minister of Greece, my experience with the debt crisis confirms my belief that this is a political crisis more than a financial one. We have adopted a passive, almost defeatist attitude in Europe. We must break this cycle of fear and mistrust now.
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Cover Story
Is Europe really on the brink?Europe's biggest crisis in the postwar era is not just about the economy. It's about a search for identity – and a rationale for staying unified.
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Eurozone summit: Will EU get veto over national budgets?
Before leaving for the summit, German Chancellor Angela Merkel called for the EU to be given veto power over national budgets. But European leaders remain divided on the idea.
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Why did Greece give Merkel such a chilly reception? (+video)
Some 50,000 protesters turned out to greet Angela Merkel in Athens Tuesday, in the German chancellor's first visit to the fiscally beleaguered country in five years.
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Weak demand for fertilizer tugs at stocks
A drop in demand from China and India hurt the profits of Mosaic, the US's largest fertilizer company. But utilities and health care stocks helped pull the S&P 500 above the break-even mark.
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Asian markets cheer Spain's plans for reform (+video)
Asian stocks edge up as debt-laden Spain unveils budget plans with sharp cuts in government spending. Euro and Japanese yen climb while dollar falls.
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World markets recover as Spain, Greece brace for austerity
Th mood in the financial markets improved slightly Thursday, though investors remained concerned about violent protests in Greece and Spain over planned austerity measures. Worries that the Spanish government is losing control continued to hurt that country's markets.
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Europe unrest reverberates on Wall Street
A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
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Spain's troubles worsen, sparking new phase for euro crisis
Spanish stock prices fall 3 percent Wednesday as Spain's bond rates rise above 6 percent and demonstrators take to the streets to protest anticipated cuts in government spending.
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Will the Occupy movement dissolve Spain's parliament? (+video)
Some 6,000 of protesters gathered outside Spain's parliament in Madrid to protest austerity measures and to call for the ouster of Spain's current government .
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