Eurozone

Budget Battles

  • Europe's Shaky High-Wire Act

    By Howard Schneider, The Washington Post

    BRUSSELS — Deliberations over a crisis plan for the euro zone continued across the continent Monday, with the Italian government struggling to prove its commitment to reform and a banking group...

  • EU Bailout Fund to Top $1.4T

    By JUERGEN BAETZ and MELISSA EDDY, Associated Press

    The eurozone bailout fund's firepower is set to be leveraged to more than €1 trillion ($1.39 trillion), German opposition leaders said Monday following a briefing with Chancellor Angela Merkel.

  • Eurocrisis Key Issues Unresolved

    By Howard Schneider, The Washington Post

    European leaders have agreed to order banks to raise about $140 billion in new capital and ask Greek bondholders to accept losses of as much as 60 percent, as work continued on a plan to resolve a...

  • Greece: Banks and Pols at Impasse

    By Howard Schneider and MICHAEL BIRNBAUM, The Washington Post

    BRUSSELS — Private investors in Greek bonds would need to accept losses of at least 50 percent to stabilize Greece’s finances, according to a joint European and International Monetary Fund analysis...

  • European Crisis Summit Faces High Expectations

    By DAVID McHUGH

    Europe's leaders face huge expectations to come up with nothing less than a grand plan to save the euro — and protect the global economy from another recession — when they meet for three days of...