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Financial crisis

Greek crisis takes its toll on industry
In its heyday just over a decade ago, the Komotini industrial zone in northern Greece was a hive of activity, with dozens of factories producing ...
Carrefour pulling out of Greek supermarket venture
French retail giant Carrefour SA is selling its stake in a leading supermarket chain in Greece because of economic uncertainty in the country, which ...
UK lending plan faces risk of low take-up
Emergency measures by the U.K. government and Bank of England to help banks and boost lending to businesses and families by offering up to 140 billion ...
Europe crisis spreads as Merkel resists big steps
A growing number of European countries are being squeezed by a financial vise just days before a Greek election that could escalate the region's ...
Even with short-term fixes, European future bleak
Europe's on-again, off-again progress in tackling its debt problems has kept U.S. investors on edge for the better part of two-and-a-half years.
Greek stocks rocket ahead of crucial elections
Greek stocks rocketed higher on Thursday, reflecting investor hopes that the national elections in three days will yield a government that can avoid ...
Italy, France find common ground on crisis
The Italian and French leaders on Thursday found common ground on how to confront Europe's worsening debt crisis, emphasizing that budget discipline ...
Spain crisis deepens as borrowing rates soar
Spain's borrowing costs broke through another record Thursday after a credit ratings agency downgraded the country's ability to pay down its debt amid ...
Merkel firmly behind euro, but will she act?
Germany's Chancellor Angela Merkel has insisted repeatedly that "if the euro fails, Europe fails." Now the crisis in the 17 countries that use the ...
German lawmakers to vote on EU rescue fund June 29
Lawmakers in Germany's governing party say an agreement has been reached with the opposition to hold a parliamentary vote on a crucial package of ...
Merkel says euro crisis will dominate G20 summit
German Chancellor Angela Merkel acknowledged Thursday that Europe's lingering debt crisis will dominate this weekend's summit of the world's 20 most ...
Geithner calls for more detail from Europe leaders
Treasury Secretary Timothy Geithner on Wednesday urged European leaders to provide more details as soon as possible on their plans to resolve the ...
JPMorgan CEO says execs may have pay taken back
JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have ...
Moody's downgrades Cyprus on Greek euro exit fears
Moody's credit ratings agency on Wednesday drove Cyprus deeper into junk status with a two-notch downgrade to Ba3 over an increased likelihood that ...
Spain calls for European integration to save euro
Spain faced mounting pressure Wednesday to bolster confidence in its financial system just days after accepting a €100 billion ($125 billion) plan to ...
Italy hit by market fears of contagion from Spain
Italian Premier Mario Monti saw nearly seven months of confidence-building by his government wiped out by Wednesday, when the country's borrowing ...
EU Commission: Bloc needs long-term plan now
The head of the European Union's executive body urged the region's leaders on Wednesday to show the world that they were ready to move closer together ...