Eurozone

Budget Battles

  • Surprise Greek Vote Tanks Markets

    By NICHOLAS PAPHITIS and PAN PYLAS, Associated Press

    Europe's days-old plan to solve its crippling debt crisis has been thrown into turmoil by the Greek Prime Minister's shock decision to call a referendum on the country's latest rescue package. Stock...

  • 3 Reasons to Bet the Euro Deal Will Work

    By Patrick Smith

    Global stock markets today are reflecting the many uncertainties that still surround the eurozone rescue package European Union leaders announced in Brussels late last week. It is not yet clear how...

  • EU Interest Rates Unlikely to Drop

    By ASSOCIATED PRESS

    Inflation in the 17 countries that use the euro remained at 3 percent in the year to October, official figures showed Monday, likely reinforcing market expectations that the European Central Bank...

  • Euro Deal Drives Down Oil Prices

    By PABLO GORONDI

    Oil prices dropped below $93 a barrel Friday after surging the previous session amid investor optimism Europe's plan to contain its debt crisis will help boost global economic growth. By early...

  • Stocks Surge on European Debt Deal, GDP Growth

    By DAVID K. RANDALL and STAN CHOE

    Stocks are soaring after European leaders agreed on a deal to slash Greece's debt load and prevent the debt crisis there from engulfing larger countries like Italy. Stronger U.S. economic growth and...