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Latvia heads for euroland in 2014

BRUSSELS, Belgium — The embattled euro-zone looks set to receive reinforcements after Latvia got the green light Wednesday to become the 18th member of the currency zone on New Year's Day 2014.

On Location Video: Ditching the euro

Residents in Greece and Spain create alternative currencies to cope with the economic crisis.

Why a ‘small’ bailout for little Cyprus is a big deal

Commentary: Letting one member fail can be contagious for the rest of the euro zone.
Cyprus bailout 252013Enlarge
People walk past closed shops in the old town of Nicosia, Cyprus, on Jan. 26, 2013. The bailout of Cyprus is garnering much less attention than did the help provided to other struggling euro zone members. (Patrick Baz/AFP/Getty Images)
The bailout of Cyprus is garnering much less attention than did the help provided to other struggling Euro Zone members. Cyprus is tiny, and rescue or no rescue, the euro will remain largely unaffected. Or so the argument goes.

Netherlands and Finland may stunt EU Summit progress

Fears about the imminent collapse of the European financial system appeared to have subsided somewhat since last week's EU summit — but there could be a big kink in this plan.

The 10 US states getting slammed by the European collapse

The Milken Institute published a report this week examining the effects of the euro crisis on individual US states based on which ones send the most exports to the EU as a share of their total exports and GDP.

Greek election: European markets stumble as pro euro party wins

BERLIN — To the relief of much of Europe’s political elite, the Greeks narrowly backed the conservative, pro-austerity New Democracy party on Sunday. But while it may have avoided an unruly exit from the euro zone for now, Athens and the euro zone’s troubles are far from over.

Austerity drives Europeans to extreme politics

BRUSSELS — Newly elected to parliament, the leader of Greece’s Nazi-inspired Golden Dawn party had a chilling message that resonated way beyond the borders of his troubled country. “For those who betray this homeland, the time has come for fear. We are coming,” barked Nikolaos Michaloliakos, in a post-election press conference. “Greece is only the beginning.”

Europeans agree to review size of bailout fund

The size of the fund would be “essential input” when G20 nations consider providing more resources to the IMF to assist the region, finance ministers and central bankers from leading economies said in their final communiqué after two days of meetings in Mexico City.
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