Eurozone

Budget Battles

  • Stocks Plunge on Europe's Banking Worries

    By STAN CHOE

    Stocks plunged worldwide Thursday as more signs of economic weakness revived investors' fears of another recession. The Dow Jones industrial average fell 400 points in a return to the wild swings in...

  • Greece Bailout Runs into Trouble

    By GABRIELE STEINHAUSER

    A 109 billion euro ($157 billion) international bailout for Greece ran into trouble Thursday after at least five countries demanded that the Greek government give them cash as collateral in exchange...

  • Germany is Fatigued by Reform

    By Howard Schneider, The Washington Post

    BERLIN — With the euro facing a threat to its existence, politics are keeping German Chancellor Angela Merkel from putting the full weight of Europe’s largest economy behind a solution to the...

  • Pope Demands Greater Ethics in Economic Policy

    By NICOLE WINFIELD

    Pope Benedict XVI denounced the profit-at-all-cost mentality that he says is behind Europe's current economic crisis as he arrived in hard-hit Spain on Thursday, and said morals and ethics must play...

  • German-French Plan Falls Flat as Investors Balk

    By David Francis

    Investors were unimpressed by the idea of additional meetings among euro zone countries as the solution to the European debt crisis – and markets immediately traded lower. Experts contacted by The...