Eurozone

Budget Battles

  • Euro at 11-Month Low Vs. Dollar

    By The Associated Press

    The intensifying European debt crisis drove the euro down to its lowest level against the dollar since January.

  • Greece: Gov't Will Cut Spending but No New Taxes

    By DEREK GATOPOULOS and NICHOLAS PAPHITIS

    Greece will cut spending further but it won't impose new taxes, its finance minister said Monday, adding that talks with international debt inspectors on a second rescue package were at a "difficult...

  • Euro Deal: Too Little Too Late?

    By GREG KELLER

    Enthusiasm for riskier assets such as stocks and the euro faded Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient.

  • Britain is Odd Man Out in Europe’s ‘New Deal’

    By Patrick Smith

    You cannot fault the Europeans for their timing. The agreement reached in Brussels on the euro last Friday came 20 years to the day after European leaders signed the treaties that created the single...

  • How a Eurozone Recession Would Impact the Recovery

    By Knowledge Wharton, Knowledge@Wharton

    The European Union, the world’s largest single market representing more than 30 percent of global GDP, is likely to face recession in the coming year, according to the Organization for Economic...