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  • An Architect of a Deal Sees Greece as a Model Wednesday, 7 Mar 2012 | 11:17 AM ET
    European Bank Note

    A lead adviser to Greece on its debt deal,  Mitu Gulati, argues that instead of repeated austerity-based bailouts, other European countries should cut a deal directly with their creditors to reduce their debt loads.

  • Portugal’s Debt Efforts May Be Warning for Greece Wednesday, 15 Feb 2012 | 7:22 AM ET

    Unlike Greece, Portugal is a debtor nation that has done everything that the European Union and the International Monetary Fund have asked it to, in exchange for the 78 billion euro (about $103 billion) bailout Lisbon received last May. The NYT reports.

  • European Central Bank

    The European Central Bank's rescue of the region's banks by showering them with cheap loans could be creating the conditions for another financial crisis several years from now. The New York Times reports.

  • Greece has found itself in a category of its own among struggling debtors — a nation Europe no longer trusts, The New York Times reports.

  • In Europe, Stagnation as a Way of Life Friday, 10 Feb 2012 | 3:19 AM ET
    Demonstrators shout slogans during a protest against plans for new austerity measures on October 19, 2011 in Athens, Greece.

    For all the struggles that Greece has gone through to satisfy its demanding lenders, Europe’s troubles are not going away, the New York Times reports.

  • Five Banks Bid for AIG Assets Wednesday, 8 Feb 2012 | 4:15 AM ET

    Another batch of the riskiest mortgage-backed securities once owned by the American International Group are being auctioned off this week, according to two people familiar with the matter, a sale that would bring the insurance giant’s 2008 meltdown once step closer to a resolution.

  • Portugal

    Investors are predicting that Portugal will be next in line after Greece to impose losses on bondholders as it struggles to meet the terms of a $103 billion bailout agreement struck with international creditors last May. The New York Times reports.

  • Hedge Funds May Sue Greece If Loss Forced Thursday, 19 Jan 2012 | 5:59 AM ET

    Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.

  • Downgrade of Debt Ratings Underscores Europe’s Woes Saturday, 14 Jan 2012 | 10:39 AM ET

    As Europe’s debt turmoil enters its third year, no clear solutions are yet in sight — despite recent signs that a new lending program by the European Central Bank might be easing pressures.

  • For Europe, Few Options in a Vicious Cycle of Debt Thursday, 12 Jan 2012 | 4:33 AM ET

    As difficult as the last two years have been for Europe, 2012 could be even tougher. Each week, countries will need to sell billions of dollars of bonds — a staggering $1 trillion in total — to replace existing debt and cover their current budget deficits, the New York Times reports.

  • In Europe, Juggling Image and Capital Friday, 23 Dec 2011 | 5:30 AM ET
    European Central Bank

    Stung by souring loans and troubled government bond portfolios, many European banks are being forced by regulators to raise money to build up their cash cushions against future losses.

  • Noyer Takes Swipe at British Economy Monday, 19 Dec 2011 | 1:28 AM ET
    France Finance minister Francois Baroin (R) poses next to US Finance minister Timothy Geithner (L) eyed by French central bank governor Christian Noyer on October 14, 2011 at the 'Cite de L'Architecture' in Paris, prior to a working dinner, on the first day of the G20 meeting of Finance Ministers and Central Bank Governors.

    The governor of France’s central bank has said Britain is more deserving of losing its top-notch credit rating than France as Paris braces itself for a potential downgrade of the country’s triple A status.

  • Moody's Downgrades Belgium to Aa3  Friday, 16 Dec 2011 | 4:54 PM ET

    Moody's gave Belgium a two-notch downgrade, from Aa1 to Aa3, the equivalent of an S&P/Fitch AA- rating.

  • Top Earners Not So Lofty in the Days of Recession Tuesday, 13 Dec 2011 | 5:14 AM ET
    Manhattan skyline

    Hold the condolence cards, but the recession cost the rich. The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. The New York Times reports.

  • Euro Zone Agrees to Follow the Original Rules Saturday, 10 Dec 2011 | 10:43 AM ET
    Angela Merkel and Nicolas Sarkozy

    In the fiscal accord, the nations that use the euro essentially agreed to go back to Plan A — that is, the principles and rules with which they created their common currency two decades ago.

  • Banks Act, Stocks Surge and Skeptics See a Pattern Thursday, 1 Dec 2011 | 7:41 AM ET
    Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    A move announced by central bankers on Wednesday to contain the European debt crisis resulted in euphoria in global stock markets, but it also prompted skeptics to wonder: will this time be different? The New York Times reports.

  • Ratings Firm Misread Signs of Greek Woes Wednesday, 30 Nov 2011 | 4:31 AM ET

    In a stern pronouncement, Moody’s Investors Service this week warned of rising prospects for multiple defaults by countries in the euro zone and credit rating downgrades of nations across Europe if leaders should fail to resolve the spreading debt crisis.  The NYT reports.

  • MF Global Money Found in Britain? Tuesday, 29 Nov 2011 | 7:01 AM ET
    MF Global

    About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.

  • Commentary: Merkozy Is Dead, Long Live… Thursday, 24 Nov 2011 | 6:57 AM ET
    German Chancellor Angela Merkel and France's President Nicolas Sarkozy speak at a meeting on debt crisis.

    The euro zone's formidable couple—Merkozy, as the media calls German Chancellor Angela Merkel and French President Nicolas Sarkozy—were on the brink of divorce more than once.

  • Euro Under Pressure, Pound Slips Wednesday, 23 Nov 2011 | 8:10 AM ET

    The British fret over Europe and Germany's bond auction disappoints - it's time for your FX Fix.