In June 2012, the European Commission outlined a set of proposals for dealing with failing banks in the E.U. Known as the “ …
Cyprus is paying a high price for the $13 billion financial rescue it obtained from the E.U.: the destruction of a key pillar of its economy, its status as the offshore tax haven of choice for wealthy Russians
An upcoming E.U. summit on banking union is being overshadowed by speculation over whether Spain will apply for financial rescue.
As the people of Greece anticipate an even deeper slump and a possible abandonment of the euro, the central bank unveils a museum chronicling the history of money. This is what passes for financial education.
Second important decision in the euro’s favor in less than a week sparks rally in stocks and on currency markets
ECB plan to buy sovereign bonds of euro nations under market attack marks significant shift in policy
Giving Europe’s bailout fund a banking license would provide massive firepower to help flailing states, but proposal must first overcome deep German skepticism
As Spanish antiausterity protesters take to the streets, financial markets switch focus from the nation’s messed-up banks to the wobbly state of its finances
Despite all the attention focused on Greece’s latest election, the results won’t alter the course of Europe’s widening debt crisis
Europe may be relieved by the outcome of the Greek parliamentary elections, but there are still significant obstacles to overcome for Greece to remain in the euro zone