debt crisis

  • May 15, 2012  

    Nine days after voters divided sharply over drastic austerity measures, Greece teetered toward insolvency and the prospect of yet another round of elections. Other European nations braced for the fallout and worried yet again about the future of their common currency. Ray Suarez reports. Continue reading

  • May 15, 2012  

    Greece’s political turmoil intensified Tuesday amid calls for fresh elections. Ray Suarez gets the latest from reporter John Psaropoulos. He then turns to Fred Bergsten of the Peterson Institute for International Economics and Nicholas Burns of Harvard Kennedy School for more analysis on the economic impact worldwide. Continue reading

  • May 14, 2012  

    In other news Monday, rival party leaders in Greece began a last-ditch effort to form a new government while European leaders faced the growing possibility that Greece’s days in the eurozone might be numbered if it rejects austerity measures. Also, plans to close some 600 U.S. post offices have officially been put on hold. Continue reading

  • May 11, 2012  

    In other news Friday, an American soldier was killed in eastern Afghanistan by a man wearing an Afghan army uniform. The Taliban claimed responsibility. Also, in Greece, political leaders failed in a third attempt to form a government after Sunday’s election produced no clear winner. Continue reading

  • April 27, 2012  

    Romania’s government fell in a no-confidence vote Friday while the Czech Republic’s government moved to the brink of collapse before surviving a no-confidence vote. The Dutch government collapsed Monday and Spain — Europe’s fourth-largest economy — fell back into recession. Ray Suarez reports on renewed worries across Europe. Continue reading

  • April 27, 2012  

    Even as British Prime Minister David Cameron defended the notion of austerity, governments across Europe were toppling or falling back into recession. Ray Suarez and George Washington University’s Scheherazade Rehman discuss problems and potential solutions, both in the U.S. and overseas. Continue reading

  • April 20, 2012  

    As questions grow about the stability of the worldwide economy now that there are more troubling signs in Europe and mixed reports in the United States, the International Monetary Fund announced the 20 leading industrial and emerging nations have pledged $430 billion to help deal with Europe’s problems. Judy Woodruff reports. Continue reading

  • March 9, 2012  

    In other news Friday, Greece’s government said nearly 84 percent of its private-sector creditors agreed to accept new Greek bonds worth less than half the old ones, making it the biggest debt writedown in history. In Syria, activists reported that at least 54 people were killed in nationwide violence. Continue reading

  • February 14, 2012  

    In other news Tuesday, eurozone finance ministers canceled a meeting set for Wednesday on approving a $170 billion bailout for Greece. The group plans to meet Monday after discussing how Greece will achieve promised savings. Also, in Syria, the army of President Bashar al-Assad intensified its artillery barrage on Homs. Continue reading

  • February 13, 2012  

    Protests flooded Athens over the weekend, escalating Monday in the wake of the Greek Parliament’s approval of a new wave of austerity measures. Jeffrey Brown talks with Greece’s ambassador to the United States, Vassilis Kaskarelis, about the protests, the bailout negotiations and the potential impact of the austerity plan. Continue reading