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Financial crisis

Spain under pressure to seek aid as bad debt soars
The amount of bad debt in Spain's banks rose to a record in July, according to data released Tuesday, as the country came under further pressure to ...
Greece: recession will have shrunk economy 25 pct
Greece's economy will have contracted by 25 percent by the time the recession ends, the finance minister said Tuesday, as the government remained ...
Merkel insists bank supervision must not be rushed
German Chancellor Angela Merkel is digging in her heels on plans for a new European banking supervisor, insisting Monday that they must not be rushed ...
Spanish rail and subway transport hit by strikes
Hundreds of Spanish train services have been canceled, resulting in traffic jams on roads into Madrid and Barcelona, as rail and subway workers staged ...
In a crummy economy, why are stocks soaring?
Economic growth is pitiful. Unemployment has topped 8 percent for an exhausting 43 months. The nation is careering toward a so-called fiscal cliff, ...
Large anti-austerity protests in Spain, Portugal
Tens of thousands of people from all over Spain rallied in the capital Saturday against punishing austerity measures enacted by the government, which ...
German lawmaker: no majority for 3rd Greek bailout
Germany's parliament is unlikely to approve a third financial rescue package for Greece, a senior lawmaker in Chancellor Angela Merkel's governing ...
Europe at loggerheads over banking reform
Europe faces weeks of tough negotiations to agree on a new region-wide banking supervisor after divisions emerged over the new body's powers at a ...
Spain inches closer to financial help request
Spain revealed Friday that it will present a new set of economic reforms by the end of the month, in a move that raises hopes that the struggling ...
Autumn surprise can transform a presidential race
Septembers shock, Octobers surprise, early Novembers can knock a campaign sideways. In a presidential race's waning weeks, almost anything can happen ...
Latest cutbacks in Portugal bring explosive mood
Nationwide protests are expected to draw tens of thousands, with police bracing for possible clashes. The prime minister's Facebook page has been ...
Fed unveils bold, open-ended steps to aid economy
Alarmed by the chronically weak U.S. economy, the Federal Reserve launched an aggressive new effort Thursday to boost the stock market and make ...
Questions and answers on the US Fed's latest moves
The Federal Reserve launched a new mortgage bond-buying program Thursday and said it plans to keep short-term interest rates at ultra-low levels until ...
France finance minister: Tools available for Spain
The European Union has the available mechanisms ready if Spain needs to request financial assistance to help deal with its borrowing concerns, ...
Dutch prepare for conservative-Labor coalition
Work to build a new ruling Dutch coalition started Thursday, after conservative leader Mark Rutte bucked a European trend by winning an election ...
Foreclosure starts fell on annual basis in August
The evolution of the U.S. foreclosure crisis is increasingly diverging along state lines. On a national level, fewer homes were placed on the ...
Banks launch legal challenge over Dubai debt
Three international banks that backed out of $10 billion debt restructuring talks with an investment company controlled by Dubai's ruler said Thursday ...
Europe's minority youth face steeper job hurdles
Europe is failing its youth, and none more than its ethnic and religious minorities. As Europe slides back into recession, young graduates from the ...
At Ford, questions remain about life after Mulally
The big question at Ford these days: What's next? The company has thrived under the charismatic leadership of Alan Mulally. But the sunny 67-year-old ...
Expectations high for Fed to announce major action
If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy. And many expect the ...
Top EU official: greater political union is needed
European Union officials are asking national governments to give up control of their banks as they try to pull the region closer together to solve its ...
Greece faces more anti-austerity strikes, protests
A fresh wave of anti-austerity strikes hit Greece Wednesday as the leaders of the governing coalition struggled to finalize further spending cuts for ...
German court rejects calls to block ESM fund
Germany's highest court paved the way Wednesday for the creation of Europe's €500 billion ($640 billion) rescue fund for indebted governments after ...
Italy pays lower borrowing costs in bond auction
Italy has paid lower interest rates to raise €12 billion ($15.34 billion) in its first bond auction since the European Central Bank unveiled its ...
Commission wants ECB to supervise all euro banks
The European Central Bank should be given the power to supervise all the banks in the 17 countries that use the euro and also be able to fine ...