Spain approves "bad bank" for toxic assets

Reform will allow the government to handle the country's toxic property investments and give the central bank more powers to shut down troubled lenders

• Aug 31, 2012

Greek coalition leaders back outline of new cuts

Government has been deliberating for weeks on how to save some $14.4 billion in 2013 and 2014

• Aug 29, 2012

Spain's Catalonia requests billions in rescue aid

Spain's regions have a combined debt of 145 billion euro and some 36 billion euro must be refinanced this year

• Aug 28, 2012

German business confidence down more than expected

It's seen as another sign that Europe's largest economy faces trouble from the eurozone debt crisis

• Aug 27, 2012

Greece pleads with Germany for leeway on reforms

Greek Prime Minister Antonis Samaras meets German Chancellor Angela Merkel to discuss easing his country's bailout terms

• Aug 24, 2012

European authorities ask Spain to delay "bad bank"

Spain must create the "bad bank" as a condition for accessing a loan of up to $125.5 billion to fix its troubled banks

• Aug 24, 2012

German economy susceptible to Euro crisis

In Germany, there is plenty of concern that if Greece defaults on their debt, it's can take even Europe's biggest economy down with it, reports Mark Phillips.

• Jun 15, 2012
• 2:19

Spain's bailout to come with fewer strings attached

Spain has become the fourth European country to ask euro zone finance ministers to bail out the country's troubled banks, and as Charlie D'Agata reports, the decision was a difficult but necessary one.

• Jun 10, 2012
• 1:47

British Chancellor: " moment of reckoning" coming for Spain, Greece

Britian's Chancellor of the Exchequer George Osborne tells Scott Pelley that Spain and Greece will experience a "moment of reckoning" in dealing with their financial crises over the summer.

• Jun 15, 2012
• 0:23

Euro fears cloud Greek parliamentary elections

There are widespread fears that if Alexis Tsipras of the leftist Syriza Party is elected to be the next prime minister of Greece, it will be economic suicide. Experts predict a run on the banks and a possible exit from the Euro zone. Clarissa Ward reports.

• Jun 15, 2012
• 2:31

Geithner "encouraged" by Europe talks at G-20

Treasury Secretary Timothy Geithner said he was "encouraged" by talks at the G-20 summit in Mexico on Tuesday with European leaders on how to solve their debt crisis.

• Jun 19, 2012
• 0:24

Understanding Europe's debt crisis

Clarissa Ward helps explain just what's going on in the eurzone - and what it means for the U.S.

• Jun 24, 2012
• 3:59

Credit rater: Spain bailout won't hurt rating

Fitch says that a rescue deal for financially struggling nations would not prompt negative credit action

• Aug 24, 2012

Spain to tighten control on shaky banks

Country's banks are sitting on an estimated 176B euro in bad real estate loans and other investments following the collapse of the real estate market in 2008

• Aug 23, 2012

German minister skeptical on more time for Greece

Greek Prime Minister Antonis Samaras is seeking to earn his nation more time to complete reforms and hold on to bailout loans

• Aug 23, 2012

S&P: Possible Spain bailout wouldn't hurt rating

Spain is reeling from the collapse of a property boom that forced it to request up to 100 billion euro in financial aid for its banks

• Aug 22, 2012

Concerns over growth and Europe push markets lower

Adding to signs of a global slowdown in growth, Japan posted a $6.5B trade deficit in July, compared with a surplus the year before

• Aug 22, 2012

Greece begs more time to ease into austerity

PM again rejects view that Greece should leave euro, but Germany's patience thin; Analyst says it's time to drop charade

• Aug 22, 2012

Hopes for European rescue plan underpin markets

Investors are increasingly convinced that the ECB will buy some eurozone countries' government bonds to help reduce their borrowing costs

• Aug 21, 2012

Greece seeks to finalize $15B spending cuts

Greek officials try to hammer out austerity measures required to guarantee European financial aid

• Aug 20, 2012

Merkel: Canada should serve as model to Europe

German chancellor is reiterating her call for fiscal discipline in Europe by praising Canada for not "living on borrowed money"

• Aug 16, 2012

Europe on the edge of recession

The EU's statistics agency revealed the economies of both the eurozone and the wider 27-country European Union shrank by a quarterly rate of 0.2 percent

• Aug 14, 2012

Greek economy shrinks by 6.2 percent

Debt-crippled Greece has been in recession for five years, and the cumulative shrinkage is expected to reach 20 percent at the end of this year

• Aug 13, 2012

How long can Spain take the financial heat?

Investors are fretting over whether Spain will be able to repay its loans, and the country could end up being shut out of vital international debt markets

• Aug 10, 2012

Greek unemployment soars to 23.1 percent

Unemployment rate is up from 16.8 percent a year earlier; 54.9 percent of people under 25 are out of work

• Aug 9, 2012

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