Eurozone

Budget Battles

  • Most Euro Zone Countries Broke 2010 Deficit Rules

    By GREGORY WHITE, Business Insider

    The deficit reality across the euro zone is that most states are breaking the region’s rules: Countries aren’t supposed to run deficits higher than three percent of GDP.

  • Libyan Conflict: Cost to U.S. Soars above $600M

    By David Francis

    As the battle to remove Qaddafi from power continues, the price tag to the U.S. is likely to soar well beyond $608 million, some experts predict.

  • China to Help Spain’s Ailing Banks

    By CIARAN GILES, Associated Press

    MADRID (AP) — China is studying a plan to inject €9.3 billion ($13.5 billion) to help restructure Spain's savings bank sector, a Spanish government official said Wednesday. The official said Xie Ping...

  • Europeans Seek New Lives in Old Colonies

    By BARRY HATTON

    Spain and Portugal have for decades lured poor immigrants from their former colonies. Now, in a historic role reversal, these one-time empire builders are seeing legions of frustrated young people...

  • U.S. Budget Crisis: Lessons from the Brits

    By Patrick Smith

    The government shutdown may have been averted, but the fiscal dispute confronting Washington is about to get even louder. Congress once again has to agree to raise the debt limit or default on our...