From This Collection

Austerity as seen from the streets of Athens

Nov 13, 2012
Yesterday, the Greek parliament pushed through an extensive package of cuts and tax increases -- its most aggressive austerity budget so far -- in order to receive their next bailout payment.

Greece approves austerity budget: 'Hope has fallen away'

Nov 12, 2012
Greece approves its 2013 austerity budget, making it eligible for a third round of bailout loans.

Greek austerity: A light around the bend?

Nov 12, 2012
European finance ministers are meeting today in Brussels to decide whether Greece will receive its next scheduled bailout payment of $40 billion.

ECB to release new euro with an old Greek face

Nov 9, 2012
The European Central Bank says it's going to issue new currency notes next year. The new notes, redesigned to improve security, will feature images from Greek mythology.

European economic outlook grows darker

Nov 7, 2012
The storm clouds are gathering over the European economy. The European Commission says the economy in the European Union will shrink this year and that next year it will only barely grow.

Despite Spanish downturn, many immigrants stay

Nov 5, 2012
A lack of jobs has not convinced many immigrants who came to Spain during better times to leave.

Greek workers protest latest austerity push

Nov 5, 2012
Workers are back on strike this morning in Greece, where the government is scheduled to vote on a new round of austerity cuts this week.

For public good, not for profit.

Spain continues bailout waiting game

Oct 18, 2012
For months now, Spain has been bracing itself for a bailout. While the country waits, the government has already made many of the deep budget cuts that typically come with bailouts.

EU summit to focus on banking union

Oct 18, 2012
European leaders meet in Brussels today for a summit on whether to enact a banking union across the EU and check in on beleaguered Greece.

Greece reacts with protests to a visit from Germany's Merkel

Oct 9, 2012
What are Greeks thinking about after a visit from Germany's Chancellor Merkel? Anger, frustration -- and some merriment.