Eurozone

Budget Battles

  • Greek Cabinet Backs Extra Austerity Measures

    By GEORGE GEORGIOPOULOS, Reuters

    Greece's cabinet on Saturday approved a final set of austerity measures sought by the EU and IMF as a condition for a 130-billion euro ($171 billion) rescue package, raising the chances of a deal...

  • Merkel Hurt by Favors Scandal

    By MADELINE CHAMBERS and ANDREAS RINKE, Reuters

    Angela Merkel's hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favors, dealing a blow to the German chancellor in the midst of the euro zone...

  • Congress Passes $150 billion Benefit Package

    By PAUL KANE, The Washington Post

    Congressional negotiators put their final signatures late Wednesday on an economic plan worth more than $150 billion that would extend a payroll tax holiday and unemployment benefits.

  • Moody's May Downgrade France, UK

    By Rodrigo Campos and WALTER BRANDIMARTE, Reuters

    Rating agency Moody's warned it may cut the triple-A ratings of France, Britain and Austria and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from...

  • Timeline: Greece's Debt Crisis

    By Reuters

    A look back at Greece's financial crisis since a deal with the European Union and International Monetary Fund was sealed in 2010.