Eurozone

Budget Battles

  • Spanish Teachers Strike over Austerity Cuts

    By DANIEL WOOLLS

    Thousands of public school teachers went on strike Tuesday in Madrid to protest staff cuts as anger over government austerity measures spread to Spain's education system.

  • IMF Downgrades Outlook for US and Europe Economies

    By CHRISTOPHER S. RUGABER, The Associated Press

    WASHINGTON (AP) — The International Monetary Fund has sharply downgraded its outlook for the U.S. economy through 2012 because of weak growth and concern that Europe won't be able to solve its debt...

  • S&P Downgrades Italy

    By NICOLE WINFIELD

    Italy criticized Standard & Poor's on Tuesday for downgrading its credit rating, saying the decision seemed politically motivated and out of touch with reality at a time when the government was...

  • Greece FM Has Emergency Meeting with Creditors

    By DEREK GATOPOULOS

    Greece's finance minister held an emergency teleconference with international creditors Monday, hours after pledging to speed up reforms and civil-service staff cuts. Global markets were skeptical...

  • Markets Roil as Greece Tries to Convince Creditors

    By PAN PYLAS

    Stocks took a hammering Monday as Greece struggled to convince international creditors that it can meet its debt obligations in return for more bailout cash that it needs to avoid running out of...