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European Debt Crisis

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  • Workers Country By Country Wednesday, 24 Mar 2010 | 11:42 AM ET
    Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life - average income, income taxes, retirement age, average work week and average vacation days - over 22 select countries around the world to compare how these factors vary. The characteristics of a working life within a country also have an effect on the macroeconomic situation, su

    Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life — average income, income taxes, retirement age, average work week and average vacation days — over 22 select countries around the world.

  • Countries Most Exposed To The PIIGS Tuesday, 21 Jun 2011 | 4:12 PM ET
    The European sovereign debt crisis continues to rattle global markets as uncertainty over austerity measures and a proposed bailout have people questioning whether the Eurozone will be able to survive more financial trauma. At the center of concerns are the "PIIGS" nations - Portugal, Italy, Ireland, Greece and Spain - heavily indebted countries in danger of default that could trigger an economic domino effect around the globe. In an April 2010 report, the Swiss-based  (BIS), a clearinghouse for

    So, which countries are most exposed to the PIIGS? Click for a country-by-country breakdown.

  • Moody's Cuts Portugal Rating by Two Notches Tuesday, 13 Jul 2010 | 3:52 AM ET

    Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.

  • Why Portugal Downgrade Didn't Slam Stocks Tuesday, 13 Jul 2010 | 9:18 AM ET
    Portugal

    Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.

  • National Bank of Greece Will Pass Tests: Chairman Wednesday, 21 Jul 2010 | 10:25 AM ET

    The National Bank of Greece is confident it will pass the European Union stress tests and is not looking for an increase of capital or a merger at the moment, its chairman told CNBC Wednesday.

  • How The Tests Work And What They Measure Thursday, 22 Jul 2010 | 9:40 AM ET

    Forget about stress tests as a way of gauging the health of Europe's banking sector. Instead you should look to the biggest-spending soccer team, according to Jim O'Neill, chief global economist for Goldman Sachs.

  • EU Banks Seek Funds Ahead of Stress Tests Friday, 23 Jul 2010 | 11:04 AM ET

    Three European banks have revealed capital-raising plans  before the results of stress tests were due to be made public, the FT reports.

  • Seven Banks Fail Stress Tests Friday, 23 Jul 2010 | 1:38 PM ET

    Seven of 91 European banks failed stress tests aimed at measuring their strength in case the continent's government debt crisis takes a turn for the worse, regulators said Friday. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.