George Papandreou

On Tuesday, an emergency meeting of euro finance chiefs failed to produce a plan for a privately financed Greek bailout, Bloomberg reported. Over the past several weeks, European politicians—particularly French President Nicolas Sarkozy and German Chancellor Angela Merkel—have been indicating that...

Greek Prime Minister George Papandreou offered to step down today if it will lead to a new bailout plan. The Wisconsin Supreme Court allowed a law that curbs the collective bargaining rights of public workers to take effect. The Canadian government is trying to end a strike by Air Canada's...

It was a pair of bullets in late June, 1914, that claimed the lives of Archduke Franz Ferdinand and his wife Sophie, Duchess of Hohenberg. That tiny event morphed into World War I, the conclusion of which led directly to World War II. By the time the bullets stopped flying, tens of millions of...

In what is becoming an all too familiar occurrence, on Wednesday millions of Greeks took part in nationwide strikes, with thousands taking to the streets in protest against further austerity measures. The Greek government says that the new round of austerity measures is needed in order to receive...

Yields on Spanish, Greek and Italian bonds spiked on Monday, following continuing concerns over debt problems in the Eurozone, according to CNBC. Standard and Poor's decided to downgrade Italy on growth concerns. That may have contributed to the subsequent increase in Italian bond yields....

The U.S. dollar was giving the euro a beating early Monday as the debt crisis in Europe was once again in focus. Before U.S. markets opened, investors were fleeing equities and running to what some market observers call the illusory safe haven of the U.S. dollar. On Monday, Greek Prime Minister...

Speculators are eyeballing yields on the Greek 10-year bond and wondering if the time has come to ditch the euro for the U.S. dollar. Fear grows daily that Greece will default, with some experts saying it is only a matter of time before the euro area member defaults and derails the currency....