Eurozone

Budget Battles

  • Italian Premier to Unveil Austerity Package

    By COLLEEN BARRY

    The premier hasn't disclosed details of his rescue plan, but has said it includes both austerity cuts and measures to boost growth in Italy's anemic economy. He has promised it would be socially...

  • Critical Week Ahead for the Euro

    By DAVID McHUGH and RAF CASERT

    Europe's sovereign-debt crisis, which has dragged on for more than two years, is entering a pivotal week, as leaders across the continent converge to prevent a collapse of the euro and a financial...

  • Now, Can Europe Do the Heavy-Lifting?

    By Howard Schneider, The Washington Post

    Europe’s politicians face an increasingly sharp divide in combating their financial crisis: either take the sort of politically difficult steps that would tie their economies more closely together,...

  • Europe's Finance Ministers Postpone Tough Decisions on Debt

    By DON MELVIN and GREG KELLER, Associated Press

    Under pressure to deliver shock treatment to the ailing euro, European finance ministers failed to come up with a plan for European countries to spend within their means.

  • Geithner: Euro Crisis Could Wreck the Economy

    By John Berry, The Fiscal Times

    In an exclusive interview with the Fiscal Times, Treasury Secretary Timothy Geithner offered a highly cautious assessment of the likely outcome of Europe’s sovereign debt crisis and urged euro zone...