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Thursday, March 28, 2013

The Two-Way

Banks In Cyprus Reopen As Island's Economy Hits Reboot

At a Laiki Bank branch in Nicosia, Cyprus, early Thursday, customers lined up to be among the first allowed in.

March 28, 2013 Cypriots face tough restrictions on how much money they can withdraw. And the island nation's economy, which is based on financial services, faces the prospect of having to start over again.

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Monday, March 25, 2013

The Two-Way

Cypriots Are Suspicious, But Bailout Deal Seems Set

A Cypriot man held some  coins in Nicosia on Sunday. He and others on the island nation were watching anxiously as world leaders put together a bailout package for Cypriot banks.

March 25, 2013 The $13 billion bailout has some tough conditions. It is aimed at shoring up the island nation's banking sector and making sure its problems don't spread to other nations. But many Cypriots think their creditors have other intentions.

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Tuesday, November 27, 2012

The Two-Way

Deal Reached On Greek Debt, Markets Rise In Relief

Nov. 7: A protester wrapped in a Greek flag stands in front of the parliament in Athens. Today's agreement may not bring an end to anti-austerity protests in Greece.

November 27, 2012 Leaders agreed on a plan to release some loan payments that Greece desperately needs, and to take steps that should help reduce that nation's debt.

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Monday, July 23, 2012

The Two-Way

Stocks Slide On Fears About Europe, Other Worries

July 23, 2012 Traders reacted to word that Europe's debt crisis may be deepening, China's economy may slow and some U.S. companies' earnings may be disappointing.

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Friday, July 13, 2012

Planet Money

The European Central Bank's Guide To Influence

European Central Bank president Mario Draghi, left, speaks with Spanish Finance Minister Luis De Guindos on Monday. The ECB has increased its influence over European countries struggling with debt.

July 13, 2012 As heavily indebted European countries have seen their options dwindle, the ECB has flexed its muscle — and not always subtly.

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Tuesday, July 10, 2012

The Two-Way

Vigilantes Are Targeting Immigrants In Greece, Human Rights Watch Says

July 10, 2012 The watchdog group says beatings are becoming all-too-common as some groups take out their frustrations on newcomers. Amnesty International has also recently released a report criticizing Greek police for excessive violence against migrants.

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Friday, June 29, 2012

Planet Money

A Baby Step Toward A United States Of Europe

Spot the metaphor.

June 29, 2012 If the euro is to survive, the eurozone needs to be more like one country, and less like a bunch of different countries that happen to sit on the same continent.

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The Two-Way

Europe's New Deal Has Markets Cheering

German Chancellor Angela Merkel talks with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti (right) during the summit of European leaders in Brussels.

June 29, 2012 At a summit in Brussels, leaders agreed to steps that were more bold than expected. A key part of the plan: Loans from a bailout fund will go directly to troubled banks in Spain. So the Spanish government won't pile up more debt.

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Tuesday, June 26, 2012

Planet Money

Hiding In Every Euro: Signs Of Doom!

promo image

June 26, 2012 Euro notes contain clues that suggest the common currency may not end well.

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Tuesday, June 19, 2012

Planet Money

Episode 380: An Austerity Wedding

Katerina Margaritou, in her wedding dress.

June 19, 2012 Does Greece have any alternatives to austerity?

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The Two-Way

Spain's Borrowing Costs Soar; Latest 'Ominous Sign' In Europe

The Spanish flag blowing in the wind in Madrid earlier this month.

June 19, 2012 Investors are demanding sharply higher rates. That's adding to the pressure on world leaders to do more to get Europe's financial crisis under control.

Summary

Monday, June 18, 2012

Planet Money

Another All-Downside-No-Upside Weekend For Europe

European Central Bank headquarters.

June 18, 2012 Every time, there's the possibility of disaster if things don't go well. If things do go well, it means only that the disaster is postponed.

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The Two-Way

Market Rally Fades As Investors Turn Attention From Greece To Spain

Frankfurt: A German flag hung today in front of a board displaying the DAX stock index.

June 18, 2012 Financial markets heaved sighs of relief about Sunday's vote in Greece and then got back to worrying about Europe's financial crisis.

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Friday, June 15, 2012

Planet Money

An Austerity Wedding, With No Money For A Dress

Elias Tilligadas and Katerina Margeritou are getting married next week.

June 15, 2012 Katerina Margaritou is getting married in Athens next week — three days after the Greek election that has the world on edge.

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The Two-Way

Central Banks 'On Standby' As Greek Elections Loom

June 15, 2012 Greeks head to the polls on Sunday for elections that could lead to their nation dumping the euro. The ripple effects from that could be severe.

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