Eurozone

Budget Battles

  • Europe’s Debt Crisis Reaching Tipping Point

    By Anthony Faiola

    LONDON — Fears mounted Wednesday that Europe’s debt crisis is reaching a critical tipping point, spreading from Greece, Ireland and Portugal to the larger economies of Italy and Spain. The deepening...

  • Italy, Spain Debt Woes Rattle European Markets

    By Anthony Faiola

    LONDON — Fears of a U.S. default may have abated in the wake of a compromise agreement, but the debt crisis in Europe only deepened Wednesday as two giant economies — Italy and Spain – struggled to...

  • Eurozone Inflation Unexpectedly Falls to 2.5%

    By PAN PYLAS

    LONDON (AP) — Inflation in the 17 countries that use the euro unexpectedly fell in July, official figures showed Friday, raising speculation that the European Central Bank may not need to raise...

  • Moody's Warns Greek Default Virtually 100 Percent

    By DEREK GATOPOULOS

    Moody's downgraded Greece's bond ratings by a further three notches Monday and warned that it is almost inevitable the country will be considered to be in default following last week's new bailout...

  • Fitch: Greek Deal to Put Country in Default

    By DAVID McHUGH

    BRUSSELS (AP) — Greece will be ruled in default on its debt as a result of a new eurozone plan asking investors to take losses on the country's bonds, Fitch ratings agency said Friday. However, the...