European Union (EU)

9:10am

Mon June 4, 2012
Economy

EU Tries Keep Eurozone From Going Down The Tubes

Transcript

RENEE MONTAGNE, HOST:

We have just come from a week when officials of the European Union openly warned of the possible downfall of the euro. Billionaire investor George Soros has gone even further. He says the euro crisis could bring down the entire E.U. Teri Schultz reports from Brussels.

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2:00pm

Thu May 31, 2012
Europe

Battered Spanish Economy Nears Tipping Point

Originally published on Thu May 31, 2012 8:58 pm

A student in Pamplona, holding a sign in the Basque language, protests cuts Thursday in education and other public services by the government. Spain's financial position is weakening and there are fears the country will need a bailout.
Alvaro Barrientos AP

Spain's borrowing costs hit record highs this week and European stock markets have slumped over fears Madrid can't afford the price tag required to prop up its ailing banks. It's looking ever more likely the country will need some kind of bailout.

After watching Greece from afar for years, many Spaniards now believe Spain's number is up.

A tourist in Madrid might wonder where the crisis is. Traffic is heavy and the tapas bars are packed.

But listen in on some of the conversations, and it's clear that Spaniards are scared.

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9:53am

Wed May 30, 2012
The Two-Way

Bank Bailout Fund Floated As Way To Calm Crisis In Europe

Originally published on Wed May 30, 2012 2:22 pm

The Spanish bank Bankia in Madrid has asked the government to inject $24 billion. The European Commission is proposing a "banking union" to help eurozone governments rescue banks.
Dominique Faget AFP/Getty Images

There have been very few days lately when worries about Europe's debt crisis weren't growing.

As Spain struggles to shore up its third-largest bank with a $24 billion bailout, the country's borrowing costs continue to go through the roof as fears lingered about a possible run on its banks.

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8:21am

Wed May 23, 2012
The Two-Way

As Talks Begin, Iran And World Powers Stake Out Positions

  • Tom Gjelten reporting
  • Mike Shuster reporting

As talks opened in Baghdad today, "diplomats from six world powers offered Iran new proposals Wednesday to ease international concerns about its nuclear program, but appeared to reject Tehran's appeals to ease economic sanctions to help move along talks," The Associated Press reports.

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1:25am

Wed May 23, 2012
Politics

U.S. Politicians See Opposite Messages In Euro Crisis

Originally published on Wed May 23, 2012 6:41 am

President Obama talks to German Chancellor Angela Merkel, French President Francois Hollande (upper left), NATO Secretary-General Anders Fogh Rasmussen (center) and other leaders during the official photo at Soldier Field in Chicago during the NATO summit Sunday.
Jim Watson AFP/Getty Images

European stock markets have rallied in anticipation of an informal summit of European Union leaders Wednesday in Brussels. A major policy pivot is expected to address the eurozone's debts and deficits crisis.

Up to now, European leaders have emphasized austerity, and that has cost some of them their jobs. The new approach is likely to focus on the same kind of growth President Obama has pursued in the United States — where Democrats and Republicans are drawing opposite conclusions from the euro crisis.

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