Eurozone

Budget Battles

  • New Financial Woes for Portugal and Ireland

    By Howard Schneider, The Washington Post

    Portugal on Thursday disclosed new and larger budget deficits for last year, and Ireland said its banks need tens of billions of dollars in additional capital. The fresh round of bad news is likely...

  • Another Notch in the Euro Crisis, Another Bailout

    By David Francis

    European leaders unveiled yet another financial reform plan last week in the wake of the collapse of the Portuguese government, but it was typical of previous EU stop-gap measures that manage to calm...

  • Greece, Ireland Offer Economic Plans

    By Howard Schneider, The Washington Post

    Can America’s senior citizens rescue the Greek economy? Will Google and other multinationals prop up Ireland? That’s the pitch top officials from the two countries brought to Washington last week as...

  • Merkel-Sarkozy Love Fest Blooms over EU Biz Pact

    By David Francis

    After more than a year of bickering and tension, French President Sarkozy and German Chancellor Merkel agree to a plan for a major overhaul of the European economy.

  • Mideast Protests Drive up Oil, Threaten Recovery

    By Bruce Stokes, The Fiscal Times

    With protests toppling governments throughout the Middle East, oil prices are rising at dangerously high levels, threatening economic recovery in the U.S. and Europe.