Papandreou Says Greece Will Stay in Eurozone
Papandreou, the former Greek prime minister, said the country has “a few weeks” before its government runs out of money and that this is a “make-or-break” period.
Spain Accepts Bailout
Spain accepted a bailout Saturday for its financial sector, and Italy stepped up into the spotlight over concerns that it may be the next country to request aid.
Greek Mandate Still Unfulfilled
Four days after Greek elections that left five anti-bailout parties seated in Parliament, a ruling coalition still has not emerged.
Schwab's Deep Impact
If you want sound bites, Schwab Impact 2011 in San Francisco had them.
Blair, Gross, Other Experts Weigh in on Euro Tumult and Anti-Wall Street Protests
Former British Prime Minister Tony Blair said the resolution of today’s global economic and financial challenges could get derailed by short-term political thinking, though he remains optimistic that leaders can address long-term issues. Blair spoke Nov. 2 to about 2,100 financial advisors and about 2,000 other guests as the keynote...
Europe in Disarray as Contagion Spreads
As both Italy and Greece fumbled with successor governments, worries over officials’ failure to find a solution to the debt crisis spread contagion to Italy, where bond yields broke records.
Greece, Italy Face Shifting Governments
The financial crisis that brought down the leaders of both Greece and Italy is not finished with the nations yet. The two Mediterranean states must now focus on who will lead their new governments through the turmoil of their debt crises.
Despite Greek Deal, Eurozone Struggles
Despite a deal worked out with Greece’s leaders to support its latest bailout, the eurozone still battles market unrest as the leadership of both Greece and Italy is up in the air.
G20 Fails to Provide Money for Europe
Eurozone leaders were disappointed in their quest to find contributions to the European Financial Stability Facility at the conclusion of the G20 meeting in Cannes, France, on Friday, with all interested nations holding back until more details for the final structure of the beefed-up fund are worked out.
Papandreou Reportedly to Step Down as Greek Prime Minister
Greece's drama on the international stage continued on Friday as a confidence vote, scheduled for later in the day, could end its prime minister's career whatever its outcome. Sources in Athens said that George Papandreou, acknowledging that his call earlier in the week for a referendum on the country's newest...