Italian yields skyrocket on 12-month bond auction

Italy paid 3.972 percent interest rates - up from 2.34 percent last month - to sell $8.12 billion in 12-month paper

• Jun 13, 2012

World stocks struggle as crisis fears weigh

Investors nervously await Sunday's Greek elections, when a party that's threatening to renege on the country's bailout terms could come away the big winner

• Jun 13, 2012

The euro crisis and you: Jill Schlesinger explains

CBS MoneyWatch Editor-at-Large Jill Schlesinger explains why the $125 billion aid package to Spain matters, and how could affect you and your money.

• Jun 12, 2012

Spain borrowing costs hit euro-era high

Credit rater Fitch downgrades 18 Spanish lenders amid growing skepticism about the country's bank rescue

• Jun 12, 2012

Greek left leader insists on canceling bailout

Alexis Tsipras, who has a strong chance of winning Greece's critical elections, insists the continued implementation of the bailout conditions would be catastrophic

• Jun 12, 2012

Lack of detail on Spain rescue spooks investors

Country's borrowing costs are also rising for the second day in a row while stocks are falling

• Jun 12, 2012

Oil hits 8-month low as Spain optimism fades

Oil touched an eight-month low near $81 a barrel amid concern Spain's bank bailout won't be enough to stem Europe's debt crisis

• Jun 12, 2012

Greece sees borrowing costs jump

Country raised $2B but at a relatively hefty interest rate that rose from a similar debt sale last month

• Jun 12, 2012

Europe looks to Germany for another bailout

Once again, the responsibility for bailing out another European country falls on the back of Germany after lending money to Portugal, Ireland, Greece, and now Spain. Mark Phillips reports.

• Jun 11, 2012

Investors give thumbs down to Spanish bank rescue

U.S. stocks reversed earlier gains amid growing uncertainty about a plan to rescue Spain's ailing financial sector

• Jun 11, 2012

Spain: Stocks soar, pressure on bonds down

Eurozone finance ministers said they would make up to $125 billion in loans available to the Spanish government to prop up banks

• Jun 11, 2012

Italy stuck in deep economic recession

Economy contracted by a quarterly rate of 0.8 percent in the first three months of the year, the worst contraction in three years

• Jun 11, 2012

Spain rescue sends world stocks surging

Investors will now turn their attention to the thornier issue of Greece, where voters head to the polls this coming weekend

• Jun 11, 2012

Spain's bailout met with protests in Madrid

Protesters ask why faulty banks, and not struggling people, bailed out; Spain's bailout the biggest yet

• Jun 10, 2012

Ben Stein: Help eurozone with new Marshall Plan

Says U.S. would make another terrible policy mistake if it allows European debt crisis to drag down our economy

• Jun 10, 2012

U.S. economy hangs on European recovery

Wall Street suffered its worst losses of the year following the dismal May jobs report, with unemployment rising to 8.2 percent. Mark Zandi, chief economist for Moody's Analytics, spoke with Jeff Glor on the situation in Europe, where the jobless rate is even worse at 11 percent, about how their performance will affect the recovery in the U.S.

• Jun 3, 2012

Will Europe be source of new U.S. economic downturn?

There is growing concern Europe's economic woes are dragging down the American economy. Erica Hill reports from London.

• Jun 4, 2012

Clinton: Europe only has 1-2 months left to fix crisis

Former President Bill Clinton spoke with Scott Pelley on the urgency needed to address the financial crisis in Europe and what he would do to fix it. Watch Pelley's full report tonight on the CBS Evening News.

• Jun 5, 2012

Protesters line Spain's streets amid economic crisis

Spain is one of several European countries in need of a bailout as banks face collapse under a load of toxic debt. Clarissa Ward reports on growing demonstrations there from people feeling the squeeze.

• Jun 4, 2012

Spain's youth losing hope in local job market

The unemployment rate in Spain for Spaniards under the age of 25 is 51 percent. Clarissa Ward reports on the growing unemployment problems in Spain and the possible mass exodus of young people that could follow.

• Jun 7, 2012

Former Greek PM: Time running out on debt crisis

Former Greek Prime Minister George Papandreou speaks with Scott Pelley and describes what he feels needs to be done to solve the Euro crisis and warns that time is running out.

• Jun 8, 2012

Cameron says euro crisis requires "urgent action"

British prime minister says the eurozone must become yet more integrated and consider more joint liability, such as a banking union

• Jun 7, 2012

China rate cut, Fed stimulus hopes boost markets

China cut its benchmark lending rate by a quarter percentage point to 6.31 percent for the first time since 2008

• Jun 7, 2012

European Central Bank leaves benchmark rate unchanged

Decision by the bank's 23-member governing council left the refinancing rate at a record low 1 percent

• Jun 6, 2012

German industrial output drops more than expected

Production dropped by an unexpectedly sharp 2.2 percent in April compared with the previous month, official data showed Wednesday

• Jun 6, 2012

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