Tag: European Union
Problems still serious as Spain's banks try to stabilize with European bailout funds
Spain's banks got a badly needed injection of recapitalization over the weekend when a trio of international lenders agreed to loan them funds to get on firmer footing. But while Spain insists this isn't a Greece-style bailout, the lenders are already moving to monitor how and on what Spain is spending their money....
VIDEO: Europe makes moves to plan for possible Greek exit from euro zone
At a summit meeting on Wednesday, European leaders signaled they're pushing ahead for contingency planning for a Greek exit from the euro. But that possibility may lead to further unimagined problems....
Greek economic turmoil presents tough questions, bad consequences
As Greece tries to get its political and financial house in order, the return of the drachma seems ever more possible. But that might not be the salve some Greek leaders want it to be. The consequences for Greece could quickly spiral beyond their control....
Greek healthcare system struggling to cope under weight of budget cuts
Greek hospitals have been accused of threatening not to release babies after they're born, unless their parents pay the bill for the delivery. Others are accused of withholding birth certificates. All of this because the Greek budget crisis has eroded health insurance coverage and hospital budget cuts....
VIDEO: Economists fearful of consequences as Greeks move to have another set of elections
In Greece, the government is moving to another round of elections after the latest round produced no viable government. Meanwhile, economists are worried that the instability between now and then could cause economic havoc, not the least of which is Greeks who are pulling their savings out of Greek banks in fears that a default could cost them their life savings....
Economic turmoil in Europe could be key that turns U.S. elections
As Europe digests the results of recent elections, there's a growing sense that decisions made there today could land in the United States in the heart of the election season. That could be a deciding factor in whether Mitt Romney or Barack Obama are chosen to serve the next four-year term as President of the United States....
No agreement yet as Greece tries to form a government and population fumes
The Greece of today is nothing like the triumphant Greece that hosted the 2004 Olympic games. Unemployment is high, anger is high and mental health is frayed. That's the findings of a reporter who used to live in Greece and headed back to see what's changed in the days of austerity and budget cuts....
Greece's future uncertain after voters reject austerity supporters
Greek voters threw out the most prominent political parties, the two parties that have backed austerity measures, in favor of far-right and far-left politicians who promised an end to EU-mandated budget cuts and tax increases. But there's no indication anyone will be able to form a government....
VIDEO: Foreign markets shift as world reacts to Francois Hollande's victory in French election
Francois Hollande will be the next president of France, the winner of a run-off election on Sunday between himself and Nicholas Sarkozy. Hollande, a Socialist, has promised to rollback, or at least modify, the austerity measures championed by his predecessor....
Recession means new reality for Netherlands, stalwart economy of euro zone
The Netherlands is one of the richest and strongest economies in the euro zone. But, in recent months, the country has dipped back into recession as it tries to shave nearly $20 billion from its budget. It's forced some people living on the margins to seek assistance....
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