Eurozone

Budget Battles

  • UK PM Recalls Parliament for London Riot Crisis

    By DANIKA KIRKA, JILL LAWLESS

    British Prime Minister David Cameron recalled Parliament from its summer recess Tuesday and nearly tripled the number of police on the streets after three days of rioting in London blossomed into a...

  • Central Bank's Action Eases Europe's Crisis

    By GABRIELE STEINHAUSER

    FRANKFURT, Germany (AP) — The European Central Bank pulled Italy and Spain back from immediate financial disaster on Monday, driving down the countries' dangerously high interest rates by buying up...

  • European Banking Crisis Could Spread to U.S.

    By Bruce Stokes, The Fiscal Times

    Another looming problem on the horizon--European banks, which have just been propped up for the European Central Bank in an effort to stabilize Italy and Spain.

  • European Central Bank Confers on Italy Crisis

    By ASSOCIATED PRESS

    FRANKFURT, Germany (AP) — Officials of the European Central Bank are holding an emergency telephone conference on how to fend off financial collapse in Italy. A eurozone official told The Associated...

  • EU Urges Bailout Changes as Stocks, Euro Tumble

    By GABRIELE STEINHAUSER

    BRUSSELS (AP) — Mounting worries that Italy and Spain won't be able to repay their debts pummeled stocks and the euro Thursday and piled pressure on the 17-country eurozone to overhaul its crisis...