Market pressure on Spain eases amid hopes for help

There are hopes the European Union may be moving closer toward adopting measures that could alleviate the country's financial crisis

• Jun 6, 2012

Spain minister reassures on bank recapitalization

Says money needed to prop up Spain's troubled banking sector is not as excessively high as some have speculated; repeats call for a European banking union

• Jun 5, 2012

World stock markets fall as Europe worries rise

U.S. officials have said Washington expects more action to strengthen the European banking system in the next two weeks before the G20 meeting

• Jun 5, 2012

Portugal passes latest bailout test

Country has stuck with its agreed program of austerity measures, featuring pay cuts and tax hikes, and broad economic reforms

• Jun 4, 2012

Cyprus preparing for possible Greek euro exit

Cyprus' president says he has tasked officials to draw up plans on how the country would deal with Greece's possible exit from the eurozone

• Jun 1, 2012

Eurozone mired in record unemployment

The April jobless rate across the 17 countries in the currency union was 11 percent, its highest level ever

• Jun 1, 2012

Irish voters back EU deficit treaty

Referendum on the European Union's deficit-fighting treaty passes with a resounding 60.3 percent "yes" vote

• Jun 1, 2012

Spain bond yields rise as minister warns on euro

Bond yields - a measure of investor confidence in a country's debt - were also very high in Italy, which has big debts and is in recession

• Jun 1, 2012

Greek radical left seeks vote to cancel bailout

Alexis Tsipras vows Friday to cancel Greece's international bailout agreement if he wins an upcoming repeat ballot

• Jun 1, 2012

Eurozone inflation falls more than expected in May

Annual consumer price increases slow to a 15-month low of 2.4 percent; lower energy prices, weak economic activity are thought to be behind the fall

• May 31, 2012

Markets closing out tough month

U.S. stocks are set to suffer first negative month since last summer, oil prices have slid and the euro has fallen to a near two-year low

• May 31, 2012

Stocks tumble as outlook in Europe dims

Borrowing rates for Italy and Spain rose sharply Wednesday on mounting fears of financial contagion in the eurozone

• May 31, 2012

Greek chaos provides opening for far-right party

Anti-immigrant, pro-gun Golden Dawn party capitalize on voters' frustration amid euro crisis

• May 30, 2012

Markets tank as Spain woes deepen

The euro has also taken a battering and is now trading around two-year lows against the dollar

• May 30, 2012

EU calls for "banking union" to ease crisis

Such a union would centrally oversee and - if needed - bail out the sector, which has become a weak link in the continent's financial system

• May 30, 2012

Oil falls below $90 as Europe's economy falters

Crude has plunged 15 pct from four weeks ago on investor fears that political turmoil in Greece could trigger a chaotic exit from the euro

• May 30, 2012

Spain's borrowing cost soars

Costs have risen close to levels where other debt-stricken countries such as Greece and Ireland have asked for an international bailout

• May 30, 2012

Greece agrees to cuts for bailout from Europe

Leaders of Greece's political parties signed a pledge to implement the drastic budget cuts Europe is demanding in exchange for a bailout. Elizabeth Palmer reports on the desperation of those affected by the cuts.

• Feb 15, 2012

Economy: Europe vs. GOP version of Europe

The state of the European economy has become something of an issue in our presidential campaign, but how bad things are over there? Correspondent Allen Pizzey finds out.

• Mar 25, 2012

Reich: Europe is not going down the tubes

Stocks fell across Europe and Asia after the French election, and after voters in Greece put that nation's bailout deal in doubt. Former Labor Secretary Robert Reich talks to Charlie Rose and Erica Hill about these issues might affect the U.S. Reich's new e-book is called "Beyond Outrage: What Has Gone Wrong with our Economy and Our Democracy, and How to Fix Them."

• May 7, 2012

Greek banks to get $23B from bailout fund

Political uncertainty has impacted bank deposits as people have been withdrawing their money to hedge against the country's possible return to the drachma

• May 29, 2012

EU summit ends with lots of uncertainty, few plans

Uncertainty remains over what Europe should do to spark economic growth, and how to deal with the Greek crisis

• May 29, 2012

EU running out of time as Greece nears the exit

European leaders aim to have more concrete proposals for strengthening the region at their next summit on June 28-29

• May 29, 2012

ECB official calls for urgent financial overhaul

Official says the eurozone crisis has been undermining much of the crossborder financial markets' integration brought about by the euro

• May 29, 2012

Record drop in retail sales adds to Spain's woes

Retail sales dropped 9.8 percent in the year to April as the country battled against its second recession in three years and a 24.4 percent jobless rate

• May 29, 2012

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