Which Country Goes Bankrupt Next? (Hint: It's Not Who You Think)
When Greece defaulted on its government bonds in March, it was the first country of any size to take such a step since the great Argentine default of 2002. It won't be the last.
Greece debt
Why Japan Is Rushing to Aid Europe: It's All About China
World markets got a boost this week from Japan's pledge to help overly indebted EU nations. What's behind Japan's move? Sure, the spirit of global cooperation is part of it. But much more significant is Tokyo's need to keep pace with Beijing in the influence game.
Rebuilding Greece: 'Strong Start,' but Miles Still to Go
The EU and the IMF have issued a glowing report card on Greece's reform efforts, but it's clear the country is hardly out of danger. Among the threats: Falling GDP, rising prices and the possibility of spiraling into ever-deeper budget cuts to offset falling tax revenue.
Biz Brief: Japan Prime Minister Warns of Swelling Government Debt
Japan Prime Minister Naoto Kan warned Friday that the island nation is ripe to become the next Greece debt poster child, pointing to swelling government debt amid a declining population, according to an Associated Press report.
Rumors Swirl as Market Plunges on Debt Fears
Amid a market growing increasingly paranoid about Europe's debt crisis, errors were cited as the reason for Thursday afternoon's stock market plunge. But there is likely more to the story.