Topic: Financial Rescue Plans
Top galleries, list articles, quizzes
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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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Women's history month: 10 women making history today
March is known as Women's History month, meant to recognize the contributions and progress of women across history and around the world. Women today are playing some significant roles, from making peace to crafting economic policy in the midst of a crisis. Here are 10 women who are making history, today.
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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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Europe's debt crisis: 5 ways it's been put to good use
Europe’s debt crisis has roiled financial markets and populations. But beyond nationwide strikes and gyrating markets, Europe has put its crisis to good use. Here Jacob Funk Kirkegaard, a research fellow at the Peter G. Peterson Institute for International Economics points out five trends that will ultimately strengthen the European Union and the euro currency.
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Correspondent reflections: The 10 news events that shaped 2011
In this special section, we look at the year’s biggest stories, and seven staff correspondents reflect on events in hot spots from Latin America to the Libyan front.
All Content
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Spain capital flight doubles as risk of European bailout rises (+video)
Capital flight from Spain has doubled to a new record and the country has demanded the European Central Bank recapitalize its teetering financial system, warning that the alternative is a broader bailout that could rock the European economy.
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As Ireland votes on EU treaty, many ask if it's worth cost of membership (+video)
The strict rules of the EU fiscal treaty Ireland votes on today essentially block stimulus spending, and many Irish worry the country is stuck in an austerity-driven slump.
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EU calls for "banking union" to fight debt crisis
The European Commission proposed Wednesday that such a body should oversee banks directly, sidestepping national governments.
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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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Despite oil prices, falling euro, Dow closes up slightly
Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
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As its banking woes mount, Spain ponders where to go from here
Its banks struggling, Spain has moved closer to needing a bailout. But some argue the takeover of Bankia and other measures could mark the beginning of movement toward greater stability.
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Key Republican lawmaker questions JP Morgan loss
The chairperson of the House Financial Services subcommittee, Shelley Moore Capito, discussed the loss during hearings.
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JPMorgan Chase trading fiasco: What to do about big banks?
JPMorgan's loss of $2 billion shows that the forces that unleashed the recession remain partially untamed – and that Congress is still struggling to get a handle on the solution.
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Briefing
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.
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Greece calls for new election after attempts at forming new government fail
Greek voters will have to go to the polls once again, perhaps as early as next month, after rival political leaders failed to form a new government.
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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.
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JP Morgan $2 billion loss stirs memories of 2008 crisis (+video)
JP Morgan CEO Jamie Dimon dubs losses 'egregious,' but market analysts expect that, this time, the damage would be contained and not spread to the entire financial system.
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Greek voters voice no regrets despite political chaos (+video)
Fed up with austerity, Greeks overwhelmingly voted against the mainstream parties that approved the bailout. They say they will do it again if another election has to be held.
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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.
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No government yet for Greece after Sunday's election
Voters sent a strong message of anger over austerity measures imposed by Greece's foreign lenders, but with no party in the majority a government has yet to be formed.
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Germany frets, markets falter over French and Greek election results
In Germany, the results of yesterday's elections are seen as a refusal to follow the austerity plan hammered out by European leaders in long, painful negotiations.
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Greece election results cause problems for bailout plans (+video)
Elections in Greece over the weekend saw both far-right and left-leaning politicians gain seats in parliament, setting up a fight over the country's economic future.
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Robert Reich
Dallas Fed: Break up the big banks
According to the Dallas Federal Reserve, one of the nation's most conservative regional banks, taxpayers will be on the hook for another giant Wall Street bailout, and the economy won’t be mended, unless the nation’s biggest banks are broken up.
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EU leaders agree on need for more money - just not how much
Some European leaders want to give the permanent bailout fund as much money as possible, but others say that will do nothing to deter a repeat of the current debt crisis.
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Keep Calm
Good Reads: Ben Bernanke, bilingualism, and a new study on God and civilization
Here's a survey of what's interesting in other magazines: a profile of 'the villain' Ben Bernanke, a look at the benefits of bilingualism, and a scientific explanation for society's need for God.
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Detroit teeters on brink of bankruptcy as state takeover looms
A state-appointed commission looking at ways to help Detroit avoid bankruptcy must deliver its report by Monday. A state takeover is a real possibility.
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In positive week for eurozone, warnings rise that crisis isn't over
The Greek bailout and cheap loans may have pulled Europe back from the edge, but economists warn that without real change, the eurozone will continue to teeter.
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Why Obama is unleashing Joe Biden on 2012 campaign trail
Vice president Joe Biden spoke to auto industry workers in Ohio Thursday about the auto bailout. Biden speaks to working-class American voters, say analysts, in a race that could be between two Harvard-trained presidential candidates – Barack Obama and Mitt Romney.
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Stocks mostly lower; Dow up 16
The Dow rose 16 points to close at 13194 in the day after the stock market's biggest gain of the year.
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Goldman Sachs culture 'toxic'? Letter confirms suspicions about Wall Street.
Polls show that Americans hold a very low opinion of Wall Street, and a damning public letter of resignation from a Goldman Sachs executive could only amplify that perception.
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