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  • Downgrade of Debt Ratings Underscores Europe’s Woes Saturday, 14 Jan 2012 | 10:39 AM ET
    euro-cracked-1-200.jpg

    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
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    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
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    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.

  • Words of a Euro Doomsayer Have New Resonance Friday, 18 Nov 2011 | 12:01 PM ET
    Euros & Downward Graph

    As the European debt crisis threatens to engulf even France along with Italy and Spain, Bernard Connolly's longstanding proposition that a common currency for the region would end in ruin is getting a wider hearing.

  • Even as Governments Act, Time Runs Short for Euro Sunday, 13 Nov 2011 | 1:09 PM ET
    european_union_crack2_200.jpg

    The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.

  • office_exec_phone_200.jpg

    Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.

  • 11 Costly Sports Divorces Wednesday, 2 Nov 2011 | 12:07 PM ET
    On Oct. 31, 2011, the world was blindsided by the news that reality TV star Kim Kardashian was divorcing her husband, National Basketball Association star Kris Humphries. The couple had married on Aug. 20, 2011 in a storybook wedding worth . A mere 72 days later, however, Kardashian had filed for divorce, citing irreconcilable differences.Fortunately, the couple had a prenuptial agreement in place, so each party is likely to walk away from the union with their finances intact. This puts Humphrie

    However long they were married, the price of breaking the contract was huge -- sometimes even reached nine figures.

  • In Cautious Times, Banks Flooded With Cash Tuesday, 25 Oct 2011 | 12:59 PM ET
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    Though financial institutions are not yet turning away customers at the door, they are trying to discourage some depositors from parking cash with them. NYT reports

  • Euro, Meant to Unite Europe, Seems to Rend It Thursday, 20 Oct 2011 | 11:23 AM ET
    european_union_crack2_200.jpg

    As EU leaders scramble to present a united front for this weekend’s critical meeting in Brussels, anxiety is growing in Europe, and not just about the euro, the NYT reports.

  • Italian PM Berlusconi Wins Key Confidence Vote Friday, 14 Oct 2011 | 8:53 AM ET
    Silvio Berlusconi

    Italian Prime Minister Silvio Berlusconi won a crucial vote of confidence on Friday, giving his struggling center-right government a new, but probably short, lease of life.

  • No Nationalization for Dexia: Asset Manager Tuesday, 11 Oct 2011 | 2:00 AM ET
    No Nationalization for Dexia: Asset Manager

    "I think this headline that Dexia has been nationalized, or there is a bailout, is absolutely wrong. What we know is, the Belgians are going to take responsibility for the Belgian citizens, the French for the French citizens; and this leaves 180 billion in US municipal lending, and another 180 billion in European municipal lending, for which no one is taking any responsibility," Phillippa Malmgren, president and founder of Principalis Asset Management, told CNBC.