There have been other instances of creative bookkeeping in Europe.
02/23/2010 01:00 pm
US tax dollars being funneled to Greece? Texas Congressman Ron Paul says, "We don't know."
02/18/2010 04:23 pm
Other countries that use the euro want to see proof that Greece is taking painful austerity measures before they spell out what a rescue might look like. It's a return to concern about 'moral hazard' -- which got trampled in the rescue of the US financial system.
02/17/2010 01:33 pm
After years of overspending, Greece and other heavily indebted nations need the sacrifice and budget discipline symbolized by Ash Wednesday and Lent.
02/17/2010 11:43 am
Financial markets are alarmed by the public spending binge in Greece, causing a slide in the euro. The lesson is basic: Countries with high deficits, including the US, must get their fiscal house in order.
02/12/2010 02:13 pm
European Union (EU) leaders promised on Thursday that they stand waiting to help debt-laden Greece, if needed. But the euro declined as investors worried about the lack of a clear commitment to a bailout package.
02/11/2010 12:43 pm
In Pictures Getting Places
European Union leaders gathering for a crucial summit Thursday face tough choices: come to Greece’s rescue with the first ever bail out of a eurozone state or hold back and see if Greek spending cuts and reforms can avert a default.
02/10/2010 04:57 pm
Stocks rallied in the US and in Europe on Tuesday on expectations of an emergency European Union bailout for Greece. But Greece, with a ballooning national debt, is not out of the woods yet.
02/09/2010 05:19 pm
After spending much of Friday below 10000, the market recovered lost ground amid positive news about unemployment. But the government-debt crisis in Greece is prompting investors to worry, again, about the health of the financial system.
02/05/2010 05:43 pm