EU leaders approve plan for immediate growth

European leaders meeting in Brussels agreed Thursday to devote $149 billion for "immediate growth measures" to try to dig the continent's weakest economies out of crisis

• Jun 28, 2012

European leaders seek roadmap for future growth

European leaders agree more needs to be done to stimulate growth and regulate banks, though sharp divisions remain over the issue of pooling government debt as a way to ease the continent's financial crisis

• Jun 28, 2012

Troubled Europe summit: Merkel vs. everyone else

Leaders meet Thursday and Friday to deal with the European debt crisis; few results are expected

• Jun 28, 2012

Global stocks fall again ahead of EU summit

Doubts over the ability of European leaders to cobble together measures to deal with the debt crisis kept markets on edge

• Jun 28, 2012

Cyprus: Eurozone countries accept bailout request

Officials from the European Commission, the European Central Bank and the International Monetary Fund will begin assessing next week how much bailout money Cyprus will need to prop up its banks and flagging economy, the country's finance minister said Wednesday.

• Jun 27, 2012

Italy's borrowing costs skyrocket

Meanwhile, Italy is raising $2.1 billion to shore up the world's oldest running bank, Monte dei Paschi di Siena

• Jun 27, 2012

Egan-Jones rating agency downgrades Germany

Egan-Jones says it has downgraded Germany from AA- to A+ and has issued a negative watch for the country's sovereign debt amid Europe's lingering debt crisis

• Jun 26, 2012

Leading economist named as Greek finance minister

Yannis Stournaras will take over the post, after designated finance chief Vassilis Rapanos resigned Monday

• Jun 26, 2012

Spain's borrowing cost soars

Investors are concerned that the country would not be able to manage an expensive rescue of its ailing banking sector

• Jun 26, 2012

Moody's slashes debt ratings of 28 Spanish banks

Moody's Investor Service is cutting its credit ratings on 28 Spanish banks, saying the weakening finances of Spain's government is making it more difficult for that country to support its lenders

• Jun 25, 2012

Cyprus becomes next eurozone state to seek bailout

Cyprus on Monday became the fifth eurozone country to request financial aid from its partners in the European currency union as it struggles to shore up its banks, which took heavy losses on Greek debt

• Jun 25, 2012

Stocks head lower as Spain seeks help for banks

Analysts worry that Europe's piecemeal approach to its spreading government debt crises could backfire

• Jun 25, 2012

Greece's designated finance minister resigns

Vassilis Rapanos was rushed to the hospital on Friday, just hours before he was supposed to be sworn in

• Jun 25, 2012

Greek prime minister leaves hospital

Weekend eye surgery will prevent Prime Minister Antonis Samaras from traveling to a critical European Union summit in Brussels this week

• Jun 25, 2012

The euro crisis: Everybody's problem

Clarissa Ward on how Greece's recession and Spain's debt are testing the strength - and validity - of Europe's single currency

• Jun 25, 2012

Spain asks for bank rescue

Country has yet to specify how much of the $125 billion loan package offered by the 17 countries that use the euro it will ask for

• Jun 25, 2012

Key European leaders meet to ease debt crisis

Friday's meeting takes place amid worldwide fears that an economic crack-up in Europe could drag down the entire global economy

• Jun 22, 2012

Spain to reveal size of bank bailout July 9

Independent auditors estimated Spain's troubled bank sector would need up to 62B euro in new money to survive a severe economic downturn

• Jun 22, 2012

Auditors: Spain bank bailout could cost up to $78B

Spain's troubled banks could need as much as $78.6 billion in new capital to protect themselves from economic shocks

• Jun 21, 2012

Greece names banker Rapanos as finance minister

Vassilis Rapanos, a non-executive chairman of the National Bank of Greece, has been a leading figure in the country's banking sector and has also been teaching at Athens University

• Jun 21, 2012

New Greek PM Samaras to name cabinet members

All three coalition parties have promised to broadly respect Greece's pledges to undertake further harsh austerity measures and reforms

• Jun 21, 2012

New Greek Prime Minister Antonis Samaras sworn in

Will head a three-party coalition that will uphold the country's international bailout commitments

• Jun 20, 2012

Socialist head: Greek coalition framework set

Socialist party leader says details of three-party coalition government expected to be finalized by end of the day

• Jun 20, 2012

Spain's borrowing costs soar

Yield on 10-year Spanish bonds remained perilously high and above the 7 pct level for much of the day, but rate closed at 6.99 pct

• Jun 19, 2012

EU official: Greek bailout terms to be changed

Official said the renegotiation was part of the normal process of assessing the progress of any country receiving an international bailout

• Jun 19, 2012

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