Cyprus Bailout Deal Approved by European Finance Officials
A deal reached early Monday prevents Cyprus' imminent financial meltdown by securing a last-minute $13 billion bailout.
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Markets Nervous as Eurozone Finance Ministers Meet on Greece
Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. In addition, an election in Spain's Catalonia region that saw separatists gain ground is also adding to global investor worries.
Eurozone OKs Terms of Bailout for Spanish Banks
Finance ministers from the 17 countries that use the euro have approved the terms for a bailout loan for Spanish banks. The first 30 billion euros of up to 100 billion euros in loans will be disbursed this month.
Spanish Government Unveils Nearly $80 Billion Austerity Plan
A day after winning EU approval for a huge bank bailout, Spain's government imposed further austerity on the country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving $79.85 billion off the state budget over the next two and a half years.
Economically, What Happens in Europe Doesn't Stay in Europe
Sunday's elections in France and Greece were a firm vote against austerity, and regardless of the merits of either side of the debate, that means the future of the eurozone is again in doubt. Here's why the bond markets care so much -- and why you should, too.
NYSE Merger with Deutsche Boerse Blocked by EU
The EU has blocked the Deutsche Boerse's planned merger with NYSE Euronext, a deal that would have created the world's largest financial exchange operator, because the venture would have had a near-monopoly in the trading of European derivatives.
