Financial crises

Alexis Tsipras, leader of Greece's far-left Syriza party smiles during a meeting with Greek President Karolos Papoulias (not pictured) at the Presidential palace in Athens November 3, 2014.

Why Europe is suddenly rediscovering Greece’s financial instability

Economics

You’d be forgiven for thinking Greece’s financial mess had been straightened out. After all, there’s been little talk lately of a Greek exit, or “Grexit,” from the Eurozone. But a call for new elections in Greece, coupled with the strength of an anti-austerity party headed by Alexis Tsipras, has Europeans considering Grexit 2.0.

The word 'Bankruptcy' is seen painted on the side of a vacant building by street artists as a statement on the financial affairs of the city on Grand River Avenue in Detroit.

Detroit’s bankruptcy bogs down when European banks dig in their heels

Spain could receive next bailout as its financial woes worsen

Americans’ trust in banks hit record low as financial scandals continue

Recession means new reality for Netherlands, stalwart economy of euro zone

Global Politics

German Parliament OKs more bailout funds for Greece

As Greece continues to try and arrest its economic decline, Germany OK’d another $170 billion worth of bailout funds to keep the government operating, to prevent the country from going bankrupt and to keep Greece in the eurozone.

Europe gets behind unified plan to try to solve Euro crisis

With the European Union agreeing to a plan to bolster the EuroZone and hopefully avoid massive economic meltdown, question turns to what does this deal really mean?

The consequences if debt ceiling deal can’t be reached

Global Politics

The deadline is looming as is the possibility the country will have to default on its $14.3 trillion of debt.

US frustrated with Eurozone’s handling of Greek debt crisis

Germany and France have said they’ll help Greece, as the United States urges Europe to figure it out.

The economy of the last decade

The economics of the past ten years: From the dot-com bust and banking crisis to the consummation of globalization.