Eurozone

Budget Battles

  • Save the Euro! The Risky Option that Could Work

    By Patrick Smith

    Last week was miserable for those hoping the eurozone holds together and its 17 members remain part of the world’s first common-currency union. The bad news kept coming straight through Thanksgiving...

  • Moody's Downgrades Hungary's Credit Rating

    By PABLO GORONDI

    Moody's, one of the three major international credit rating agencies, cut its view on Hungary's government bonds by one notch, from Baa3 to Ba1.

  • Merkel, Sarkozy, Monti Meet to Try to Stem Crisis

    By GREG KELLER

    The role of the European Central Bank in stemming Europe's crippling debt crisis will likely figure prominently in discussions later Thursday between the leaders of Germany, France and Italy. It's...

  • Fitch Downgrades Portuguese Debt to Junk Status

    By ASSOCIATED PRESS

    International ratings agency Fitch has downgraded Portugal's debt to junk status due to its high debts and poor economic prospects. Fitch said Thursday it is downgrading Portugal one notch, to BB+...

  • Europeans Stick by Euro Despite Crisis

    By GREG KELLER

    European voters are in a "throw the bums out" mood, ejecting nine governments since the debt crisis began, but no matter how down they feel about their leaders and economies, one thing they don't...