U.S. stocks were poised to open higher Tuesday after eurozone finance ministers agree to accelerate an initial bailout for ailing Spanish banks.
Spain is to be offered an initial 30 billion euros (US$36.9 billion) to bail out its troubled banks following an emergency meeting of Eurozone finance ministers.
U.S. stocks were poised to open lower Monday as investors remained wary ahead of quarterly corporate results and another eurozone meeting.
European leaders reached a "breakthrough" deal early Friday to ease the recapitalization of struggling banks that should help draw the eurozone back from the brink of a gathering crisis.
Eurozone leaders agree on a deal for short-term relief for some of Europe's most troubled economies.
As European leaders meet to discuss the future of the euro, economists think the ongoing crisis will lead to big changes for the common currency.
CNN's Paula Newton explains why Berlin is the key to resolving the eurozone crisis and keeping it from collapsing.
Euro 2012 is beginning to resemble the eurozone -- a case of sport imitating economics.
Will the future of the eurozone be decided at thousands of ATMs across the continent? That may be a stretch, but Spaniards and Greeks are withdrawing billions of euros from their bank accounts and sending them somewhere "safer."
If Greece was the focus of markets' angst last week, attention this week has shifted to the other end of the Mediterranean.
With Greece probably heading for an exit from the euro, the European and global economies may be facing disaster. However, there is still time for European leaders to reverse this destructive dynamic with one simple, outside-the-box solution: Instead of pushing Greece out of the eurozone, Germany should voluntarily withdraw and reissue its beloved deutsche mark.
Steep declines in the euro symbolise the woes of Europe's monetary union but could have a silver lining: the boost to exporters may offer some much-needed support to economic growth across the 17-country region.
Some of Europe's biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil.
Italy's foreign minister gives Christiane Amanpour his perspective on the problems in the eurozone and Syria.
A new campaign aims to limit the impact of the eurozone crisis on poorer countries.
Germany refused to share the debt burden of stressed eurozone peers on Tuesday, ignoring two of the most influential international economic bodies which offered support for proposals championed by Paris, Rome and Brussels ahead of a summit.
Former EU Commissioner Peter Mandelson discusses the new French president and what this means for the eurozone.
They say a week is a long time in politics. In today's febrile world of finance, it's a lifetime.
Markets are having difficulty establishing a bullish platform as continuing worries over the eurozone counteract news of more monetary easing in China.
Poland, the European Union's fastest growing economy, wants to become a member of the eurozone -- but its finance minister says the country will wait until "it is safe to do so."
Hedge fund managers make for unlikely supporters of François Hollande, the French socialist presidential candidate.
CNN's Atika Shubert reports on the eurozone crisis, as the Dutch prime minister resigns his post.
A political backlash against fiscal austerity left mainstream French and Dutch politicians struggling on Monday to shore up support as a key economic indicator highlighted the eurozone's slide into deeper recession.
The sleeping eurozone crisis reawakened this week.
Bamboozled by eurozone debt crisis jargon? CNN is here to help you tell your bond yields from your banking interventions, your defaults from your haircuts. And if you need anything more explained, please submit your questions to Soundoff at the bottom of the story.
To listen to many eurozone policymakers, one would imagine all is now well with their two-year long struggle with the sovereign debt crisis.
Germany is poised to bow to international pressure and allow a temporary increase in the eurozone's financial "firewall" this week, to prevent the crisis in the region's periphery spreading to other member states.
Eurozone finance ministers called on Spain to make new cuts in its 2012 budget to reduce its deficit by another 0.5 per cent of economic output, a stinging rebuke to the new government of premier Mariano Rajoy, which publicly flaunted Brussels-imposed deficit targets less than two weeks ago.
European leaders recently thrashed out a deal aimed at ending months of uncertainty over the future of the euro and resolving an escalating debt crisis that has pushed several economies to the brink of collapse.
CNN's RIchard Quest shows countries both inside and outside the eurozone.
Germany's economic rebound, which has helped counter gloom created by Europe's debt crisis, was set back in January by an unexpectedly sharp fall in industrial orders, especially from beyond the eurozone.
Krzysztof Rybinski of Vistula University says he knows how to make money off the eurozone's demise.
Eurozone members delayed approval of more than half of the ?130bn bail-out for Greece after demanding that Athens show more proof that it would implement hastily agreed spending cuts and reforms.
Widespread joblessness in Greece and Spain pushed the unemployment rate in the eurozone to the worst level since the currency was introduced in 1999.
Unemployment in the 17-member eurozone jumped to an all-time high of 10.7 per cent in January, underlining the challenges facing European leaders as they gather in Brussels for a summit dedicated to finding ways to restart the continent's economy.
European leaders have taken "substantial" steps to contain the eurozone debt crisis, but they need to build a stronger financial firewall to ensure the safety of the global economy, top finance officials said Sunday.
Finance ministers from the world's largest economies ratcheted up the pressure on Germany to increase the size of the eurozone's ?500bn rescue fund, saying the move would be "essential" to a decision by non-European countries to raise more resources for the International Monetary Fund.
Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including ?130 billion ($173 billion) in new financing.
Moody's put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.
The eurozone economy shrank in the fourth quarter of 2011, but pockets of strength from France and Germany offset some of the contraction.
U.S. stocks were poised for a higher open Wednesday, thanks to better-than-expected European economic data and fresh promises from China to keep buying debt issued by eurozone governments.
Eurozone finance ministers gave a clear indication they were preparing to paper over Greece's failure to hit international lenders' mandated budget targets for 2011, saying they would now evaluate Athens' performance based on goals that combine both this year's and next year's finances.
European Union ministers struggle to contain a debt crisis that could engulf an entire continent.
Hooded youths tossed stones and police fired stun grenades Friday in front of the Greek Parliament as lawmakers faced tough new conditions they must meet before euro zone finance ministers will give them billions of desperately needed euros to bail out the debt-ridden country.
The director of the International Monetary Fund said Monday that Europe needs a stronger financial firewall to stop the spread of debt contagion in the eurozone.
Cornelia Meyer, CEO and chairman of MRL, discusses her outlook for the eurozone.
It has now been certified officially: Germany is special, at least in the eyes of ratings agency Standard & Poor's.
Asian markets moved lower on Monday unable to resist the downward trend of European markets that reacted negatively to the downgrade by rating agency Standard & Poor's of nine European nations.
The downgrades of nine eurozone governments by Standard & Poor's wasn't a surprise, but they came just as there were tentative signs of improvement in the region's debt crisis.
U.S. stocks finished in the red Friday as anxious investors braced for a string of credit rating downgrades for eurozone countries.
Italy's prime minister is in debt talks with Germany's chancellor in Berlin. Diana Magnay reports.
Investors set aside their worries about Europe Tuesday after comments from credit ratings agency Fitch raised hopes for an end to the eurozone debt crisis late in the year.
The week ahead on Wall Street is expected to be quiet with many market players taking time off for the holidays.
CNN's Richard Quest explains the latest deal Europe has to avoid colossal downfall.
U.S. stocks rallied Friday after a majority of European leaders agreed on a new deal to try to resolve the eurozone debt crisis.
Early Friday morning, a group of European politicians issued a statement, and knees jerked in financial markets around the world.
U.S. stocks are gearing up for a higher open Friday, after a majority of European leaders agreed on a new deal to try to resolve the eurozone debt crisis.
The European Union failed to secure backing from all 27 members for a deal to resolve the continent's debt crisis, President Nicolas Sarkozy of France said Friday in Brussels, Belgium, but the 17 members of the euro zone have reached agreement on a new intergovernmental treaty.
George L. Perry is a senior fellow at the Brookings Institution. He served as senior economist on the President's Council of Economic Advisers from 1961 to 1963.
Europe's debt crisis has dragged on for nearly two years and has only intensified by the day as leaders fail, time and time again, to deliver a credible solution. Yet investors and economists continue to bank on a big breakthrough.
U.S. stocks ended mostly higher Tuesday as investors remain optimistic that a lasting solution to the eurozone debt crisis will be announced this week.
U.S. stocks rose Monday but finished below their highest levels of the day, as investors turned cautious following reports that Standard and Poor's may put eurozone nations on notice for possible downgrades.
Standard and Poor's timing for its downgrade warning to the eurozone is no coincidence.
U.S. stock futures hovered around breakeven Tuesday morning, as investors remain cautious after S&P issued a eurozone warning.
Standard & Poor's said Monday that it placed 15 members of the euro currency union on review for a possible downgrade as the debt crisis in the eurozone continues to worsen.
Eurozone countries now have a week to develop a plan that will reassure world markets,. CNN's Jim Boulden reports.
International companies are preparing contingency plans for a possible break-up of the eurozone, according to interviews with dozens of multinational executives.
U.S. stocks finished mostly higher Tuesday, with the Dow and S&P extending gains from the previous day's rally, as investors remained hopeful that leaders are making progress on addressing the eurozone debt crisis.
Investors are feeling Euro fatigue, with European stocks managing tepid gains even as Moody's warns of possible eurozone bank downgrades and Italian borrowing costs remain high.
U.S. stocks looked to extend gains Tuesday, as investors remained optimistic that leaders are making progress on addressing the eurozone debt crisis.
Nomura has reduced its exposure to countries in the eurozone periphery by 75 per cent in the past two months in a move that highlights concerns about the growing risk of holding eurozone periphery government debt amid the region's crisis.
Under pressure to avert a financial meltdown, European leaders are working on a new plan to ensure fiscal discipline across the euro area.
U.S. stocks ended lower Friday, logging the worst weekly losses in two months, as eurozone fears continued to weigh on investor sentiment.
Investors kept the pressure on European debt on Thursday as interest rates on government bonds remained at elevated levels, a day after a weak Germany bond auction rattled markets in the United States.
European bond yields rose Wednesday after a German bond auction flopped, undermining trust in eurozone government debt.
With no end to the eurozone debt crisis in sight, there has also been no end to the stream of possible solutions. The latest involves using gold as collateral.
The euro may survive the current crisis, but the European Union may not. CNN's Tim Lister reports.
U.S. stocks headed for a lower open Wednesday as more political developments in the eurozone kept investors on their toes.
U.S. stocks closed higher Tuesday as a batch of better-than-expected U.S. economic data temporarily overshadowed ongoing fears about the eurozone debt crisis.
U.S. stocks headed for a second day of losses Tuesday, as eurozone debt crisis fears continued to hang over the market.
The Asian Development Bank has called for India and China to be ready to help rescue the eurozone from its sovereign debt crisis to avoid a long-term downturn that will stunt the growth of Asian economies.
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Jesper Koll, head of Japan Equity Research at J.P. Morgan, reacts to the eurozone debt deal.
European Union leaders announce an agreement on the eurozone debt crisis.
Germany and France have turned on Italy to demand further action to boost growth and reduce its huge debt, as leaders of the eurozone struggled to agree on how to boost their rescue fund to stop contagion in the sovereign debt markets before a Wednesday deadline.
European leaders will be in talks pretty much non stop over the next few days as they hammer out a plan to fix the eurozone debt crisis.
France warned on Tuesday that European unity would be at risk if eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend.
Angel Gurria, Mexico's minister of finance between 1998 - 2000, is credited with helping steer his country's economy away from relative volatility toward a period of stability.
David Cameron has urged European leaders to take a "big bazooka" approach to resolving the eurozone crisis, warning they have just a matter of weeks to avert economic disaster.
CNN's Becky Anderson explains the Euro bailout fund and who pays what by using mugs of beer.
Europe's top banking regulator has started to re-examine the strength of the region's banks, modelling a big writedown of all peripheral eurozone sovereign debt.
Global equities fell sharply from Hong Kong to New York as Europe's sovereign debt crisis forced Dexia, the Franco-Belgian lender, into emergency talks on options including an effective break-up.
The global manufacturing sector is in the worst shape since the summer of 2009 as slowing economic growth and the deepening eurozone crisis take their toll on the world's factories.
World markets plummeted Friday, plagued by insecurity over Europe and fears that the euro zone stability fund might not be enough to pull the Continent out of its ongoing debt crisis.
As a proposed overhaul of the European bailout fund inches its way toward approval, investors and economists are already calling for more aggressive measures to contain the eurozone debt crisis.
Eurozone countries are looking at new powers for the EFSF, the newly created bailout fund. CNN's Jim Boulden explains.
Greece's private creditors have reacted angrily to suggestions that some eurozone countries want bondholders to suffer bigger losses than those agreed in the second bail-out of Athens.
What is happening with the eurozone bailout fund?
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