Europe Debt, Europe Debt Crisis | featured news

European Union finance ministers tried to broaden efforts to contain the region's debt crisis on Tuesday and Spanish public sector workers protested over government cutbacks.

Stocks plummeted across the Asia-Pacific region on Monday and the euro hit fresh four-year lows on renewed fears that the European debt crisis may be spreading.

Stock futures tumbled Tuesday after the euro fell to a new four-year low....

Stocks tumbled for a second day Friday after concerns grew that the deep spending cuts under Europe's bailout plan would slow a global recovery.

Shares rose in Europe and on Wall Street as markets calmed. Gold, however, hit a record amid efforts to defend European countries from sovereign default.

Greek unions announced on Wednesday that they would stage a 24-hour nationwide strike on May 20, the second major protest against tough austerity measures pledged in exchange for billions of euros in aid.

Spain will cut state employees' wages and slash investment spending, sparking immediate union anger with a bid to reassure markets that it can get its budget deficit under control and detain the spread of the European debt ...

The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the "wolfpack" of financial markets.

European debt problems sent another wave of pessimism through the markets.

The move by Standard & Poor’s on Tuesday deepened Europe’s debt crisis, and investors sold off government bonds amid fears of a default.