Why does the EU want U.S. dollars?

Dec 2, 2011
Marketplace Money Senior Producer Paddy Hirsch explains why Europe needs dollars instead of euros as the EU tries to sort out its financial problems.
Europe needs U.S. dollars. Marketplace Money Senior Producer Paddy Hirsch tells us why in our latest Whiteboard explainer.
Angela Kim/Marketplace

Angela Merkel calls for strict government spending rules

Dec 2, 2011
German Chancellor Angela Merkel today called for a new legally binding set of rules to control spending in all eurozone countries, with harsh fines for any rule-breakers.

Three big players in euro crisis finally agree

Dec 2, 2011
German Chancellor Angela Merkel spoke today, echoing recent sentiments by the head of the European Central Bank and French President Nicolas Sarkozy.

Central banks buy European governments more time

Dec 1, 2011
Central banks from a number of countries have decided to increase the ease of borrowing; many hope this will be enough to buy eurozone governments more time to solve the debt crisis.

Germany could rescue the eurozone, but will it?

Dec 1, 2011
Germany is the only eurozone country rich enough to bail out the euro, but many German voters and politicians feel they have already done enough.

Borrowing Europe's debt troubles

Dec 1, 2011
Is the U.S. borrowing trouble with the Federal Reserve's offer to swap dollars for shaky euros?

For public good, not for profit.

European leaders must still make drastic changes

Dec 1, 2011
The global stock market rally that sent the Dow up almost 500 points yesterday may be over, but France and Spain are offering some hope this morning that yesterday's coordinated action by central banks to ease credit is working.

ECB actions similar to the Fed's in 2008

Dec 1, 2011
There is an ongoing effort to get the euro back to normal, and the crisis is looking more and more like the sub-prime mortgage crisis here in the U.S.