Eurozone

Budget Battles

  • Moody's downgrades 16 Spanish banks

    By Reuters

    NEW YORK (Reuters) - Moody's Investor Service carried out a sweeping downgrade of 16 Spanish banks on Thursday, including Banco Santander, the euro zone's largest bank, citing a weak economy and the...

  • Will Europe Lose the War Between the States?

    By Patrick Smith

    The Greeks did something interesting Tuesday morning. In a highly controversial decision, Athens announced that it would pay those bondholders who refused to participate in last March's debt swap...

  • Merkel, Hollande pledge to work together to boost growth

    Merkel, Hollande pledge to work together to boost growth

    By Stephen Brown and Andreas Rinke, Reuters

    BERLIN (Reuters) - New French President Francois Hollande and German Chancellor Angela Merkel acknowledged differences on Tuesday over how to boost growth in recession-plagued Europe, but pledged to...

  • Hollande government to be dominated by moderates, Aubry out

    Hollande government to be dominated by moderates, Aubry out

    By Daniel Flynn and Brian Love, Reuters

    PARIS (Reuters) - The government of France's new President Francois Hollande is likely to be dominated by moderate social democrats after party leader Martine Aubry, overlooked for the prime minister...

  • EU Leaders Dismiss 'Grexit' as Propaganda

    By JAN STRUPCZEWSKI and VALENTINA ZA, Reuters

    Euro zone finance ministers dismissed talk of Greece leaving the euro zone as "propaganda and nonsense" on Monday, but said the country had to respect the terms of the bailout program agreed with the...