Greece protests against the government's tough spending cuts broke out in Athens Thursday, was stocks plunged on Wall Street over concerns about tightening credit markets and declining global demand.
05/06/2010 06:28 pm
Years of fiscal irresponsibility took their toll on Europe after it encountered a serious financial crisis. Is the 'Social Model' unsustainable?
05/06/2010 06:00 pm
Three bank workers, one of them pregnant, were killed in Athens riots when anti-austerity protesters threw Molotov cocktails at an Athens bank Wednesday.
05/05/2010 04:39 pm
About 100 Communist Party supporters broke through the gates of the Acropolis, the city's chief ancient monument, and hung banners in Greek and English reading 'Peoples of Europe Rise Up.'
05/04/2010 05:36 pm
Photos of the Day Photos of the Day 05/03
The Greece debt crisis, which is still subject to German parliamentary approval and may be challenged in court, is putting unsustainable stress on the European Central Bank, some analysts say.
04/30/2010 09:23 am
In Pictures Shanghai World Expo
On average, drivers are paying $2.88 a gallon at the gas pump. Gas prices are expected to continue rising because of high oil prices.
04/29/2010 08:07 pm
The Greece debt crisis should be a warning. History shows that unless this buildup of sovereign debt is tackled eventually by raising taxes and controlling spending, then there are only two outcomes: default or high inflation.
04/29/2010 07:08 pm
Government spending and increased debt have been sold to the US as sound economics, but as history has shown us government spending does not make people rich.
04/29/2010 04:25 pm