Despite Austerity Vote, Expectations Rise For Greek ExitGreece voted for more austerity, but the bad blood accumulated makes this the last go around for both Greece and lenders.
Sarkozy And Merkel Apply Pressure To Clinch Greek DealAngela Merkel and Nicolas Sarkozy applied pressure on Greece to reach a final agreement with her creditors.
Leaked Document: Germany Plans EU "Nanny" for Greek BudgetA call by Germany to install a budgetary baby sitter in Athens has accelerated progress toward a centralized European budgetary oversight.
IMF Chairman To Germans: Save Europe Or We All Go DownCalling upon Germany to drop objections to bigger bailout fund and easier credit, Lagarde invokes memories of 1930.
Ed Miliband Warned By Unions That Blairites Could ReturnThe need for Labour to back the austerity policy, if not its pace, has opened a rift between the party and the unions.
The Greek Crisis ResurfacesStunned by the downgrades, Europe had no time for recriminations as the Greek crisis struck again.
New Government Raises Taxes as It Discovers Unreported ArrearsThe new Popular Party government of Spain is slashing expenses and raising taxes as it discovers a mountain of undisclosed debt.
Balance of Power Change: UK to Downsize Army, Rely on OthersBritain's top army officer warned that Britain will have to rely more on local allies as necessary economies on spending will cut manpower.
Cameron Facing Party Revolt on EUDavid Cameron tried to channel Tony Blair but the growing opposition to his European policy within his party may make this impossible
Euro Woes? Public Service Strike in UK Biggest in DecadesBritain's austerity measures are fostering union militancy and governmental anit-union rhetoric.
Analysis: The Euro Isn't Dead YetFiscal pundits say the Eurozone is dead and will be buried by years end, but banking officials haven't given up. Why?
'Game Over' – Italian Prime Minister ResignsItalian Prime Minister Silvio Berlusconi officially resigned Saturday, ending the longest-running terms of office in his country.
Subsiding of Italian Interest Rates A Leap of Economic FaithItaly has its first unity government since the end of the Second World War but its economic options are more constricted.
In Possible Electoral Suicide France Gets More AusterityThe French government is going all out to preserve France's AAA bond rating. It might ensure its electoral defeat.
Bond Yields, Coalition Cracks May Finally Undo Silvio BerlusconiFaced with defections within his own party, cracks in his coalition, and a dangerous spike in bond yields, Berlusconi is in trouble.
Opposition Wants Berlusconi to Go in Return for Backing ReformsAs feared, the Greek decision to hold a referendum brought immediate pressure on Italy.
China Can Bolster EU Finances but Wants ReciprocityIf China decides to help stabilize the EU's finances it will expect something in return.
EU Agreement Yields Temporary Confidence Boost; Problems RemainThe disparity between the stock and bond markets demonstrates that the jury is still out on the latest EU agreement.
Italian Debt Downgrade and Dexia Bank Bailout Highlight CrisisThe downgrading of Italian debt by three notches and the stock panic over the Dexia Bank are symptomatic of the continuing debt crisis.
Debt Restructure Is Replacing Greek Bailout as Plan AThe Greek debt crisis is reaching its climax as Greek economy worsens and creditors lose patience.
Spain Overlooks Electoral Considerations to Reassure InvestorsSpain passes a balanced budget amendment to reassure investors, dooming anti-Israel Socialist party's chances. Popular Party is pro Israel.
European Bailout Passes Court Test - Just BarelyThe German Constitutional Court issued a warning to the government but let the bailout decisions stand.
Merkel Loses Sixth Straight State; Euro Crisis BlamedAnother Christian-Democratic defeat coupled with news of Greek footdragging on austerity complicate rescue plans.
Angela Merkel Under Conflicting Pressures in the Euro CrisisAngela Merkel, voted the world's most powerful woman, is reeling under the pressures of the Euro crisis.
French Banks Suffering From Hellenic OverexposureFrance's slumping growth has caused a balooning deficit. The French banking sector is overexposed to Greek debt.
With Ratings Companies Circling, Japan Parties Reach CompromiseJapan's government and the main Liberal Democratic Party opposition in control of the upper house have agreed to a compromise.
Chinese Commentator Threatens Pulling Plug on US DebtChina is debating the US downgrade, with Prime Minister Wen Jiabao calling for coordination; others want to use US weakness for leverage.
Successive Market Losses Trigger Stampede to Safe HavensFinancial Markets are in rapid and disorderly retreat as pessimism grows about global recession.
Bankers Cut Short Vacations to Address Spanish, Italian CrisesSoaring bond yields and bearing predictions hit Spain and Italy causing European central bankers to scramble.
Obama Sustained More Severe Damage in Deficit DebateWhile the public was critical of both sides in the deficit ceiling debate, Barack Obama was the bigger loser.
Cyprus Manifesting Familiar and Distressing Economic SymptomsAnother EU crisis? Cyprus is manifesting the same symptoms that preceded the previous EU bailouts.
EU Admits Earlier Bailout Terms UntenableThe EU reworked its bailout terms with Greece, Ireland and Portugal. Confidence builder or confidence trick?
Jittery Investors Push Up Interest Rates on Spanish BondsSpain is facing the threat of being sucked in to the maelstrom of the debt crisis as interest rates soar.
Summers Warning to EU Aimed at GermanyLawrence Summers has warned the EU that it is running out of time and Germany, in particular, must step up to solve the crisis.
Sovereign Debt Crisis Menaces Italy As Securities TumbleEurope's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.
EU Learns to Beware of Bearing Gifts to GreeksHaving nudged Portugal into a bailout, the EU expected a respite, but the worsening of the Greek crisis has awakened nightmare scenarios.
Portugal's Political Crisis Makes a Bailout InevitablePrime Minster Jose Socrates' expected resignation means that there will be no government with power to impose austerity measures in the near term.