Topic: Greece
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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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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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Three things to watch for in Euro 2012
It’s day one of the Euro 2012 championship, the world’s most prestigious soccer tournament after the World Cup. Will Spain defend their title, or will a challenger like Germany or the Netherlands usurp the throne? How will Poland and Ukraine perform as the tournament’s first Eastern European hosts? Here are three things to watch for as the month-long tournament unfolds:
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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.
All Content
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Stock markets leap after 'fiscal cliff' compromise, but problems lurk
The House of Representatives passed the budget bill late Tuesday night, a contentious exercise because many Republicans had wanted a deal that did more to cut government spending.
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The Last Lion: Defender of the Realm
Despite some noteworthy shortcomings, Paul Reid's examination of the last third of Churchill's life gives us the British statesman in all his robust complexity.
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Escape down high-rise jail has Chicago wondering: how'd they dare? (+video)
The two convicted bank robbers, cellmates, apparently escaped the high-rise prison in downtown Chicago by rappelling down from the 15th floor on knotted bedsheets in the middle of the night.
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Sandy Hook families: Coming together to comfort and heal
As details of Friday’s killings were still emerging, Newtown residents came together Saturday to counsel and be counseled, to wipe away each other’s tears, to bow their heads in prayer.
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New York judge's ruling sparks nationalist surge in Argentina
Stakes are high for Argentina's President Kirchner in a legal tug-of-war over full repayment of bonds from the country's 2002 default. Kirchner says her country is the victim of 'judicial colonialism.'
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Amid criticism, EU receives Nobel Peace Prize (+video)
More than 20 top EU leaders attended today's awarding the Nobel Peace Prize to the European Union. But critics say the EU's win, coming amid the financial crisis, is inappropriate.
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Norwegian protesters say EU Nobel Peace Prize win devalues award
More than 50 organizations plan to march in Oslo on Sunday to protest of the Nobel Committee's award of the 2012 Peace Prize to the EU at a time of debt crisis.
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Greece seen as most corrupt European nation, survey says
Transparency International ranks Greece, along with other European countries racked by the financial crisis, poorly in its 2012 Corruption Perceptions Index.
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Terrorism & Security
And the most corrupt nation this year is.... (+video)It's a tie between Afghanistan, North Korea, and Somalia. Elsewhere, bankrupt Greece, one-party China, and various 'Arab Spring' nations stand out in Transparency International's annual rankings.
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Stocks edge lower after weak manufacturing report
A surprisingly weak manufacturing report sent stocks lower Monday. December is historically the best month for stocks.
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The Monitor's View: A parachute for Americans on their fiscal cliff
The hard decisions in the fiscal cliff negotiations between the GOP and Democrats would be easier if lawmakers could point to other nations that have seen the benefits of fiscal discipline in lifting an economy.
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Is the California economy finally turning a corner?
In California, the deficit for the current fiscal year is projected to be $1.9 billion, down from $25 billion in recent years. The unemployment rate and some home sales are also improving.
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Fiscal cliff warning sends stocks sliding
Frustration from Senate Majority Leader Harry Reid over the fiscal cliff pushed stocks downward Tuesday. Worries about budget talks have been hanging over the stock market for weeks.
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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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Stocks end lower after strong week
Stocks retreated after one of their best weeks of the year. Anxiety over the 'fiscal cliff' and European debt drove stocks down.
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Indebted Caribbean tax havens look to tax foreign investors
Industry analysts say new fees and taxes could bring in needed money to a region where some debts are near that of Greece. But could they scare off investors?
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Catalonian elections: Madrid is bad, austerity is worse (+video)
Voters in Catalonia dealt a blow to the Spanish region's ruling party, rejecting its pro-austerity economic policies despite its popular efforts to seek Catalonian independence from Madrid.
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The Vote
John McCain and abortion: Did he hint at GOP shift?Sen. John McCain said Sunday that his only role in the abortion debate is to 'state his opinion,' and 'leave the issue alone.' Some GOP strategists say a softening of the tone on social issues is necessary after the disappointments of the recent election.
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Could Spain split up? Catalonian vote may birth independence bid. (+video)
If voters give Catalonia's leader Artur Mas strong support on Sunday, he has pledged to hold a referendum on independence from financially troubled Spain.
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Global News Blog
Black Friday: Think it's crazy in the US? You should see China's version.China doesn't officially celebrate Black Friday, but Nov. 11 has become the biggest shopping day on the Chinese calendar. E-commerce sales alone reached $4.6 billion this 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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Stocks rise on hopes for budget deal
Stocks had their biggest gain in two months Monday, breaking the post-election slump. Hope that Washington will reach a deal on the federal budget drove stocks upward.
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Paper Economy
EU dips into recession. Is the US next?The EU is in a recession, according to new data from EuroStat. Will the US follow suit or buck the trend?
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