Eurozone

Budget Battles

  • S&P May Downgrade European Bailout Fund AAA Rating

    By ASSOCIATED PRESS

    Standard & Poor's is warning it may downgrade the European bailout fund's AAA long-term credit rating. The move announced Tuesday follows S&P's notice on Monday that it may cut the credit...

  • S&P Ratings Warning to Top EU Countries

    By SIMONE FOXMAN, Business Insider

    The Financial Times is reporting that Standard & Poor's ratings service will put 6 euro area sovereigns on creditwatch negative later today. The countries at risk are Germany, France, the...

  • Merkel, Sarkozy Want New Eurozone Treaty

    By GREG KELLER and SARAH DiLORENZO

    The leaders of France and Germany called forcefully Monday for a new European Union treaty that would automatically punish countries that use the euro if they violate existing limits on overspending.

  • All Eyes on Merkel-Sarkozy Plan to Save Euro

    By PAN PYLAS and SARAH DiLORENZO

    The leaders of Germany and France wrangled Monday to come up with a cohesive plan to save the euro through stricter oversight of government budgets at the start of a week that could decide the fate...

  • Euro Zone Debacle: This Week Could End the Crisis

    By Patrick Smith

    This could well be the week the eurozone crisis advances toward a credible resolution. We have heard this before, so it is too soon to exhale, but if all goes according to plan, a way through Europe’...