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Europe debt crisis

How China is feeling the euro debt crisis

by Rob Schmitz
Dec 9, 2011
The crisis in Europe has hurt worldwide demand for goods, and workers in China are protesting against the lost wages that come with decreased output
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BBC World Service

European summit almost gets the job done

by Matthew Davies
Dec 9, 2011
A deal was reached among the majority of countries in the European Union at today's summit, but a few countries are sticking on the sidelines.
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European Debt Crisis

Most euro leaders agree on plan for fiscal austerity

by Steve Chiotakis
Dec 9, 2011
Britain and three other countries are out of the picture, but those remaining believe the new treaty will mean much more balanced budgets on the continent in the future.
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European Debt Crisis

Do multinational summits actually work?

by Steve Chiotakis
Dec 9, 2011
Some economists say today's summit will be remembered as a successful moment -- when eurozone countries met and got their act together. Katharina Gnath is an associate fellow at the German Council on Foreign Relations and has studied G8 and G20 summits.
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European Debt Crisis

Britain refuses to join in European treaty changes

by Stephen Beard
Dec 9, 2011
An agreement among almost all of the European Union members was made in Brussels today, but Britain has decided to stay out of the plan, and insists that official EU institutions do as well.
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BBC World Service

Markets had European debt drama 'baked in'

by Andrew Walker
Dec 9, 2011
European countries agree to a deal on balanced budgets and debt reduction. A unanimous vote wasn't reached, but the BBC's Andrew Walker says investors already had limited expectations.
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News In Brief

EU RIP? Europe deal fractures union

by Jill Schlesinger
Dec 9, 2011
A new fiscal pact leaves the U.K. and three other nations out in the cold, as European leaders scramble to convince investors that they have diffused the debt bomb at the European summit in Brussels
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European Debt Crisis

Ex-Bank of England member: Central bank action an ominous sign

by Stacey Vanek Smith
Dec 9, 2011
Markets breathed a sigh of relief last week as central banks around the world agreed to joint action to fight the European debt crisis. But according to someone on the front lines in 2008, this could mean things are worse than we know.
The European Central Bank is joining with other central banks to stop a credit crunch, but it could be a sign that there is more danger on the horizon.
DANIEL ROLAND/AFP/Getty Images
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Mid-day Update

PODCAST: A less-than-perfect (European) Union

by Mary Dooe
Dec 9, 2011
European leaders meet in Brussels for yet another summit to determine the fate of the EU, and Britain has announced it won't sign off on any fiscal union. Another summit wraps up in South Africa today, as the UN concludes its climate talks. Richard Cordray was blocked by Senate Republicans from an appointment as head of the Consumer Financial Protection Bureau.
European Union leaders pose for a family picture during an European Union summit at the EU headquarters on December 9, 2011 in Brussels.
JOHN THYS/AFP/Getty Images
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Mid-day Update

PODCAST: Bigger stockpiles, butter shortage

by Mary Dooe
Dec 8, 2011
Jon Corzine heads to Congress today to answer for the collapse of brokerage firm MF Global. The European Union is looking to the International Monetary Fund for bailout help, and that could have ripple effects in the U.S. Reporter Sally Herships looks at what other businesses can gain from big-box storse like Costco and Walmart. And the countdown to a big European summit is nearing its end.
Wholesale companies increased their stockpiles as they look to the months ahead for better sales.
Ross Setford/Getty Images
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