Both the Germans and The Greeks Have Had ItGreece voted for more austerity, but the bad blood accumulated makes this the last go around for both Greece and lenders.
EU To Greece: No Deal, No MoneyAngela Merkel and Nicolas Sarkozy applied pressure on Greece to reach a final agreement with her creditors.
Germany Cracks Whip; EU Falls In LineA call by Germany to install a budgetary baby sitter in Athens has accelerated progress toward a centralized European budgetary oversight.
Christine Lagarde Gives Germans Bitter AdviceCalling upon Germany to drop objections to bigger bailout fund and easier credit, Lagarde invokes memories of 1930.
Unions Accuse Labour of Betrayal on Pay FreezeThe need for Labour to back the austerity policy, if not its pace, has opened a rift between the party and the unions.
Private Creditors Rebel Against Haircut TermsStunned by the downgrades, Europe had no time for recriminations as the Greek crisis struck again.
Popular Party Finds Cupboard Worse Than BareThe 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 ArmyBritain's top army officer warned that Britain will have to rely more on local allies as necessary economies on spending will cut manpower.
Cameron Attempt to Ward Off 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
Industrial Relations Aggravate as Recession HitsBritain'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.
Super Mario Tackles Problems Beyond Our ControlItaly has its first unity government since the end of the Second World War but its economic options are more constricted.
Facing Anemic Growth France Hikes TaxesThe French government is going all out to preserve France's AAA bond rating. It might ensure its electoral defeat.
Key Ally Wants Berlusconi to GoFaced with defections within his own party, cracks in his coalition, and a dangerous spike in bond yields, Berlusconi is in trouble.
Italy Tries to Cool Rising Interest on BondsAs feared, the Greek decision to hold a referendum brought immediate pressure on Italy.
China Becomes EU's Lender of Last ResortIf China decides to help stabilize the EU's finances it will expect something in return.
EU Agreement Has Positives and Question MarksThe disparity between the stock and bond markets demonstrates that the jury is still out on the latest EU agreement.
EU Debt Crisis Worsens, Hits Core Countries' BankThe downgrading of Italian debt by three notches and the stock panic over the Dexia Bank are symptomatic of the continuing debt crisis.
Banks Holding Greek Debt Are Hit by SelloffThe Greek debt crisis is reaching its climax as Greek economy worsens and creditors lose patience.
Spanish Rivals Unite on Balanced BudgetSpain passes a balanced budget amendment to reassure investors, dooming anti-Israel Socialist party's chances. Popular Party is pro Israel.
Court Decision Gives Bundestag a Say on BailoutsThe German Constitutional Court issued a warning to the government but let the bailout decisions stand.
Germany's Vote, Greek Backpedaling Stoke CrisisAnother Christian-Democratic defeat coupled with news of Greek footdragging on austerity complicate rescue plans.
German Leader Faces Party Revolt on EuropeAngela Merkel, voted the world's most powerful woman, is reeling under the pressures of the Euro crisis.
France Seeks to Avoid a DowngradeFrance's slumping growth has caused a balooning deficit. The French banking sector is overexposed to Greek debt.
Japan Parties Agree on Bond IssueJapan's government and the main Liberal Democratic Party opposition in control of the upper house have agreed to a compromise.
US Debt Tarnished, China Has No AlternativeChina is debating the US downgrade, with Prime Minister Wen Jiabao calling for coordination; others want to use US weakness for leverage.
ECB Intervention Sign of Worsening CrisisFinancial Markets are in rapid and disorderly retreat as pessimism grows about global recession.
Banks Leery of Holding Italian Sovereign DebtSoaring bond yields and bearing predictions hit Spain and Italy causing European central bankers to scramble.
Obama Damaged in Debt DebateWhile the public was critical of both sides in the deficit ceiling debate, Barack Obama was the bigger loser.
Another Bailout On the Way?Another EU crisis? Cyprus is manifesting the same symptoms that preceded the previous EU bailouts.
EU Debt Crisis ResolutionsThe EU reworked its bailout terms with Greece, Ireland and Portugal. Confidence builder or confidence trick?
Interest Soars on Spanish DebtSpain is facing the threat of being sucked in to the maelstrom of the debt crisis as interest rates soar.
Summers' Wintry Blast at EULawrence Summers has warned the EU that it is running out of time and Germany, in particular, must step up to solve the crisis.
Debt Contagion Threatens ItalyEurope's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.
Eurozone Debt Crisis UnresolvedHaving nudged Portugal into a bailout, the EU expected a respite, but the worsening of the Greek crisis has awakened nightmare scenarios.
The Death of (Jose) SocratesPrime Minster Jose Socrates' expected resignation means that there will be no government with power to impose austerity measures in the near term.