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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.

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.

Central banks step in to help Europe with debt crisis

Nov 30, 2011
The planned liquidity injection might not solve all the problems in Europe, but it shows that central banks are getting serious.

Central banks unite to help Europe

Nov 30, 2011
The Federal Reserve and other major central banks take coordinated action to provide cheap dollars to European banks that face funding problems

Throwing money at the problem

Nov 30, 2011
Six central banks, led by the U.S. Federal Reserve, have announced a plan to inject dollars into the life support system keeping European banks alive. The move was meant to restore confidence in the global financial system.

The Fed, ECB team up to give banks more access to cash

Nov 30, 2011
Central banks from around the world have reached a deal that they hope will increase liquidity and avoid global recession.

PODCAST: Central banks join forces

Nov 30, 2011
The European debt crisis spreads to American banks. The National Labor Relations Board could speed up the process for elections. In light of recent scandals, universities are taking a closer look at candidates before hiring them on. And the end of Napster has finally come.
The euro sign is seen in front of the European Central Bank in Frankfurt am Main, Germany.
Daniel Roland/AFP/Getty Images

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Euro leaders could up pressure on Germany

Nov 24, 2011
After yesterday's disastrous bond sale in Germany, leaders meet today in Europe to continue talks on extending the power of the European Central Bank.

Can the ECB save Europe?

Nov 16, 2011
The U.S. central bank, known as the Federal Reserve, is the lender of last resort. Its bond-buying orgy bailed out banks during the financial crisis and rescued the economy. But its European equivalent has neither the ability not the will to do the same for the eurozone.
Mario Draghi, new president of the European Central Bank (ECB), speaks to the media following the first meeting of the ECB Governing Council with Draghi at the helm on Nov. 3, 2011 in Frankfurt am Main, Germany.
Ralph Orlowski/Getty Images