Political paralysis has led to higher borrowing costs and blocked urgent deficit-reducing reforms to social protection ...

Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 ...

While France has a long history of hefty overspending, economists say political turmoil – which has stalled policymaking – is ...

A surge in public spending across Europe to contain a pandemic-induced recession will not make debt levels unsustainable, even if some euro zone members are sitting on excessively large debt piles, ...

In addition to concerns about their own nation's financial situation, many Americans are worried that Europe's debt woes will spill onto U.S. shores. Fortunately, U.S. financial institutions' direct ...

July doesn't look so promising anymore. The European debt crisis appears to be widening, with concerns about government debt defaults spreading beyond Greece to much larger countries like Italy and ...

A common currency is a wise and important component of European integration and economic vitality. The euro was set up presciently, but its evolution in a sequence of crises now leaves it in a ...

Brother can you spare a Euro (Photo: Cathal McNaughton/REUTERS) Let’s just be blunt: The Eurozone’s bailout program has failed. It’s not solving the underlying causes of the European debt crisis; it ...

MADRID • Officials across Europe scrambled Friday to speed measures aimed at easing the fears of investors even as borrowing costs in the euro zone's more frail countries flirted with new highs. In ...

After three days of bad news about Europe's debt crisis sent Asian and European markets down Monday, it was Wall Street's turn. The Dow Jones industrial average fell as many as 180 points before ...

Yields on Italian 10-year bonds jumped on the news. They are still well below the more dangerous levels reached over the summer, but the negative reaction from investors to Monti’s decision tells us ...

The European Union has already bailed out Greece and Ireland. Now, after Portuguese Prime Minister Jose Socrates offered his resignation on Wednesday following parliament's rejection of his deficit- ...