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
Europe in Crisis
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
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.
Spain borrowing costs hit euro-era high
Credit rater Fitch downgrades 18 Spanish lenders amid growing skepticism about the country's bank rescue
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
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
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
Greece sees borrowing costs jump
Country raised $2B but at a relatively hefty interest rate that rose from a similar debt sale last month
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.
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
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
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
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
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
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
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.
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.
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.
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.
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.
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.
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
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
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
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
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