Europe

In Spain, the prime minister pledged spending cuts and a banking-system cleanup, while in Italy, the prime minister called for “efforts in favor of growth.”

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  • Periphery Fragility List - Safe Haven
    ... analysts and sent the country's leaders into a ... Age is over: We're in a new era of austerity. ... Zealand Banking Group Ltd. debt as ...
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  • S&P downgrades Greek credit rating amid concerns over cash
    But the Greek government, barely two weeks in power, is insisting it will not give up on demands to overhaul the country's bailout agreements and bring an end to years of austerity ... not to be named as talks with European officials are ongoing.
    02/6/2015 - 11:42 am | View Link
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    05/22/2012 - 1:34 am | View Link
  • Fitch Downgrades Five Greek Banks Including National Bank Of Greece
    Edgy markets and analysts fear a victory by parties opposed to austerity commitments could spur bailout creditors to stop the flow of rescue loans. Many argue that this would ... will be on Germany and other European leaders for signs that they will ...
    05/18/2012 - 5:46 am | View Link
  • World Bank Downgrades Global Growth Forecast
    World Bank economist Lin Yifu says that includes reduced capital flows and trade if the European crisis worsens. "The sovereign debt crisis in the eurozone has appeared to be contained, however the risks of global freezing up of capital markets as well as ...
    01/18/2012 - 12:00 pm | View Link
  • European Leaders Use Debt Downgrades to Argue for Austerity, and for Stimulus
    FRANKFURT — European leaders sought to limit damage from a ratings agency’s downgrade of nine countries on Friday, or even turn the news to their advantage, saying that it showed the need to impose more austerity or else do more to stimulate growth.
    01/14/2012 - 4:30 pm | View Link
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  • Project Syndicate
    Howard Davies pours cold water on the potential impact of the European Commission's newest adventure. www.freestock.ca/Flickr
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    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
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  • The European Debt Crisis : A Beginner's Guide
    If you answered "yes" to either of the above, then the Europe situation probably has bearing on your life. Here's a quick explanation of what's happened.
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    The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen ...
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