Tag: debt
As Greeks protest, more talk of Greece leaving the eurozone
At this point, it's just talk, but more people are talking about what was once unthinkable. The only way for Greece's economy to recover may be to abandon the euro entirely and re-instate its own currency. But even if it does that, there will be no end to the short-term pain the country is facing....
Payroll tax cut, unemployment benefits extension appears poised for passage by week's end
Republicans and Democrats have agreed to a proposal that would extend payroll tax cuts and unemployment benefits through year's end -- though it will include a reduction in the length of time a person can receive unemployment benefits....
China indicates willingness to help Europe with its debt; declines to get specific
As Europe's economy struggles through more bad news — debt downgrades, economic contraction and political unrest — at a meeting in China on Tuesday European leaders were told China would help them with their economic problems. But the promise was backed with few specifics....
Greece on fire as protesters decry government's decision on austerity measures
Some 40 buildings were set ablaze as protesters in Athens, Greece, rallied in the streets to demand the government stop imposing more austerity measures on the country -- conditions that European finance ministers have insisted on in order to release the latest round of bailout funding....
Pentagon outlines budget cuts to the tune of a half-trillion dollars
Though the Pentagon budget is reduced from what had been projected, the actual spending will increase more than $30 billion over 10 years, though the increases are small enough that when adjusted for expected inflation, they amount to minor reductions....
College student, 23, elected to turn around bankrupt Harrisburg, Pa.
John Campbell decided to run for city treasurer in a state that's virtually insolvent. The 23-year-old has a step-by-step plan to get the city of Harrisburg back on firm footing....Europe debating how to restart economy, revive struggling euro
With the new year, the quiet that has enveloped the eurozone crisis is starting to break. There's rising worry about how to get the economy restarted, whether Greece will carry through with its promised cuts and whether the E.U. can keep the crisis contained....
26 of 27 European Union countries indicate interest in tighter economic ties
Only the United Kingdom, one of 10 EU countries not using the euro, indicated it could not support efforts to enshrine new protocols for monitoring country's budgets and enforcing limits on deficits....European leaders converge on Brussels in an effort to resolve crisis
France and Germany are trying to spur their fellow European leaders to make bold changes to European treaties in order to get economic stability in the eurozone....
As the euro twists in the wind, so does a sense of European identity
As critics pound the euro as the source of their economic problems, and others worry about how its loss could be devastating, many say that the loss of the euro would have another profound effect: a major erosion of the still developing sense of European identity....
