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
Have the sovereign debt woes of European nations pushed the Dow back to the nervous days of last spring?
02/04/2010 06:05 pm
Four of this year's 10 Oscar nominees for best film come from books.
02/02/2010 04:29 pm
In Pictures Graffiti
Togo's team withdrew from the continentwide tournament on Sunday, two days after suspected separatists in the host country Angola's northern Cabinda region sprayed gunfire into the Togo team's bus killing three and wounding several others.
01/10/2010 10:56 am