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Financial crisis

Greek bank stocks plunge after merger stalled
Greek banks NBG and Eurobank on Monday saw their stock plunge 30 percent — the maximum allowed in a day — after their planned merger was postponed and ...
Questions raised about Greek bank merger
A statement by the Bank of Greece has raised speculation that an expected merger between the National Bank of Greece (NBG), the country's largest, and ...
Portugal's prime minister says deeper cuts coming
Despite two years of corrosive austerity measures since it needed an international financial rescue, Portugal's prime minister told his country Sunday ...
Italian govt speeds state payments to vendors
The Italian government has approved a decree to pay 40 billion euros ($52 billion) owed by government entities to private businesses over the next 12 ...
Estonia operetta lyricizes economic austerity
Tired of grumbling about economic austerity? Maybe it's time to sing about it. So say two Americans living in Estonia. Inspired by a lively social ...
Dim labor report shows US added just 88K jobs
A streak of robust job growth came to a halt in March, signaling that U.S. employers may have grown cautious in a fragile economy. The gain of 88,000 ...
Cyprus allows limited bank-to-bank money transfers
Cyprus' finance ministry further loosened restrictions on access to accounts in the debt-ridden country's two biggest lenders on Friday by allowing ...
Poll: Germans back Merkel's crisis management
A new poll shows Germans widely approve of Chancellor Angela Merkel's crisis management following a bailout deal for Cyprus, suggesting it remains a ...
Top EU official worried by north-south divide
A top European Union official says he's worried by a widening gap between the continent's financially troubled countries — mostly in the south — and ...
Cyprus bank workers to protest looming job cuts
Bank employees in Cyprus will walk off the job for two hours and march toward parliament to protest against looming job and benefit cuts being taken ...
Poll finds caution 5 years after financial crisis
Americans have grown more cautious and disciplined in handling their money since the financial crisis struck in 2008, a survey by a leading mutual ...
Pressure mounts on Portuguese government
Opposition parties in Portugal presented a motion of no confidence in the government Wednesday, giving voice to widespread discontent as the ...
IMF agrees to its part of Cypriot bailout
The International Monetary Fund said Wednesday it will contribute 1 billion euros to an overall financial rescue package of 10 billion euros ($12.
ECB to face Cyprus questions at rate meeting
European Central Bank President Mario Draghi will try Thursday to reassure markets that Cyprus's chaotic bail-out won't worsen the euro currency ...
Spain PM says economy will grow in 2014
Prime Minister Mariano Rajoy says Spain's recession-hit economy will return to growth in 2014 and begin creating jobs again. Rajoy said Wednesday that ...
Cypriot finance minister resigns amid crisis probe
Finance minister Michalis Sarris resigned Tuesday after less than five weeks in the job, as the government begins an investigation into how the ...
Euro area unemployment at record 12 percent
The eurozone economy has passed another bleak milestone. Official figures Tuesday showed that unemployment across the 17 European Union countries that ...
Turkish Cypriots: Solidarity tinged with relief
Barbed wire-topped walls stretch across the narrow, twisted streets of Nicosia's walled medieval city, where abandoned buildings extend across a ...
Pension issue in Stockton, Calif., bankruptcy
On its first official day in bankruptcy, the city of Stockton now must grapple with the hard part of reorganizing its financial affairs — how to share ...
Cyprus appoints judges to probe economic crash
Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt. President Nicos ...
Spanish unemployment edged down in March
Spanish government figures show that the number of people registered as unemployed edged down by a little under 5,000 in March, the first reduction ...
Help shrinks as poverty spikes in the US
Antonio Hammond is the $18,000 man. He's a success story for Catholic Charities of Baltimore, one of a multitude of organizations trying to haul ...
Cyprus gains more time to achieve surplus
Cyprus has been granted an extra year — until 2017 — to achieve a targeted budget surplus of 4 percent as part of bailout negotiations with ...
Moscow: no bailout for Russian savers on Cyprus
A senior Russian Cabinet member says his government won't protect Russian depositors who are losing money in Cyprus but may offer assistance to some ...
Bank of Cyprus big savers to lose up to 60 percent
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue ...