European financial system hinging on Greece
The fate of Europe's financial system - and possibly the world's - hinges on Greece and its acceptance of a bailout plan, reports Mark Phillips.
Europe in Crisis
An Imperfect Union: Europe's debt crisis
Ten European countries are in recession and three have needed bailouts to avoid default. How could this impact the U.S. economy? Steve Kroft reports.
Stabbing of police officers a "terrorist attack"
Belgian prosecutors say 2 officers stabbed by "suspect Hicham D" in Brussels neighborhood known for producing jihadis
New details on planning behind Paris attacks
Phone records leaked to French newspaper show Cherif Kouachi was in contact with hostage taker right before newspaper massacre
S&P raises Spain credit rating as economy improves
Standard & Poor's also raised the country's average economic growth prediction for 2014-2016 to 1.6 percent
Recovery gains no steam in Europe as France lags
Disappointing growth is likely to fuel expectations that the European Central Bank will take additional stimulus measures next month
EU hopeful eurozone will start growing in 2013
But the European Union expects the recession to last longer than it previously thought
Eurozone recession deepens as Germany falters
But many economists are predicting that the eurozone recession may end in the first half of the year
Ireland secures deal with ECB to slash bailout costs
Deal is expected to reduce Irish debt by $27 billion and help country's expected exit from its own international bailout
ECB chief assessing impact of strong euro
Currency has risen from around the $1.20 mark to trade over $1.35 even though many of EU's countries have sunk into recession
Ireland set to liquidate "bad bank," reduce bailout costs
Finance Minister placed lawmakers on standby to pass an emergency bill authorizing the overnight liquidation of a government-owned "bad bank"
Greece says in 2012 it met deficit-cutting targets
Government said that, not counting cost of servicing Greek debt, country posted budget surplus of $588 million
Cyprus jobless turn to songbird trapping
It's illegal but the unemployed say catching the prized delicacy is the only way to make ends meet
Spain's recession deeper than thought
Official figures showed the country's economy shrank 0.7 percent in the fourth quarter of 2012 from the previous three-month period
ECB: Banks to repay early $183 billion in loans
Banks are starting to make repayments on the cheap, three-year emergency loans they received from the European Central Bank
Spain's unemployment hits record 26.02 percent
Country is in the throes of its second recession in just over three years; there are 1.8 million households in which no one is employed
Portugal returns to bond sales with strong demand
Bailed out government said it had received offers for $13 billion of five-year bonds
Pressure on Spanish PM to explain Swiss bank money
Opposition demands explanation how a former governing party treasurer amassed 22 million euro in a Swiss bank account
Dutchman elected head of euro finance ministers
Dutch finance minister Jeroen Dijsselbloem will now face one of the world's most daunting financial tasks
Dutchman set to become new Eurogroup head
Finance minister poised to take on one of the top jobs in the currency bloc's battle to end its financial crisis
Juncker: No bailout for Cyprus before March
Island nation is seeking financial assistance of about 17 billion euro to recapitalize its ailing banks and keep the government afloat
IMF: Deep cuts restored Greek recovery program
Earlier this week, the IMF approved a long-delayed $4.3 billion loan installment to Greece following an economic review
PM hopes Ireland to leave bailout this year
Enda Kenny: Government is getting its finances under control; lower borrowing rates are a sign of rising investor confidence
ECB leaves rates at record low as Europe struggles
Benchmark interest rate remains unchanged at a record low of 0.75 percent
Greek unemployment hits new high
Unemployment rate hits 26.8 percent; Young Greeks are the worst affected, with 56.6 percent of those aged between 15 and 24 out of work
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These 2 bills would erase income taxes for millions of Americans
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Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
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From the archives: Nixon on 1973 oil crisis
Then-President Richard Nixon addressed the nation from the Oval Office during the 1973 energy crisis. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries in the Middle East banned the sale of oil to the U.S. and other countries, sharply raising gas prices for Americans as they faced their first fuel shortage since WWII.
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On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
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