Greece agrees to deep budget cuts

Feb 9, 2012
Just ahead of another meeting of European finance ministers in Brussels, Greece announces that they have agreed to the austerity cuts that would allow them to receive a much-needed $173 billion bailout.

Greece's hard road ahead

Feb 9, 2012
With a $172 billion bailout in place, Greeks' futures are looking austere.

Irish citizens boycott new homeowners tax

Feb 8, 2012
Packed, town hall-style meetings have sprung up all across Ireland over the past several weeks.

Greek talks focus on private debt, second bailout

Feb 6, 2012
Negotiations with private sector creditors are going well, but Greek officials are struggling over terms for a second bailout from the IMF and the EU

When is the real deadline for Greece?

Feb 6, 2012
Greece was on deadline to deliver a cost-cutting plan to the IMF and EU last week, this past weekend and today. Now, the deadline has been extended. When might the country default?

The high cost of austerity

Jan 30, 2012
Greek financial woes were front and center at EU headquarters in Brussels today.

2011 ends with a whimper

Dec 30, 2011
A graph of the stock market in 2011 looks like a contour map of Death Valley glued to the Himalayas. Despite huge swings, the S&P 500 index ended the year remarkably close to where it began.

For public good, not for profit.

PODCAST: Austerity for the holidays

Dec 16, 2011
Congress reaches a deal to avoid a government shutdown -- and it hinges around light bulbs. Retired Americans are no longer shipping off to Florida when they are done working. On the front lines of the European debt crisis, Italy passes austerity measures proposed by new Prime Minister Mario Monti.
If the House of Representatives fails to approve a two month extension of the payroll tax cut, the government may soon be out of options.
NICHOLAS KAMM/AFP/Getty Images

Italian lawmakers vote on austerity measures

Dec 16, 2011
A vote today in Italy passes a round of austerity measures suggested by newly appointed Prime Minister Mario Monti. But is it enough to make a dent in the problem?

What will the euro deal to do growth?

Dec 12, 2011
Most of the leaders of Europe agreed to a deal on Friday to help solve the crisis there. But will austerity measures also stunt growth?