France Boosts Taxes on Wealthy and Large Companies
President Francois Hollande’s 2013 budget for France relies on tax increases on the wealthy and on large companies to help cut the country’s deficit, rather than spending cuts.
Draghi, With Credibility at Stake, Ups Ante in Debt Fight
ECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.
Moody’s Cuts Outlook on Germany, Luxembourg, Netherlands
Germany, the Netherlands and Luxembourg saw their outlooks downgraded to negative by Moody’s Investors Service late Monday as debt woes in the eurozone continued to worsen.
Spanish Banks Downgraded as Cyprus Seeks Bailout
The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.
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.
Pain in Spain May Bring No Economic Gain: News Analysis
Bill Gross put Spain's failed bond auction in perspective: “Greece was a zit, Portugal is a boil, Spain is a tumor. You can’t fix a debt crisis with austerity and more debt.”
Greek-German Relations Strained in Debt Negotiations
Germany's get-tough attitude toward Greece, echoed by Austria, Finland and the Netherlands, has angered Greek officials who say they have done everything they were asked to do in order to be granted a second bailout by the troika of the European Union, International Monetary Fund and European Central Bank.
ECB Steps In After Italy Bond Sale
Italy sold bonds on Thursday, but not as many as hoped in thin trading. While yields fell, they were still not far from euro-lifetime highs as investors displayed concern over the country's ability to sustain itself. After the auction, the European Central Bank stepped in to purchase Italy's bonds on...