1. Athens, Greece, December 10, 2011 (Helen Sotiriadis)

    Greece Edging Closer to Default, Eurozone Exit

    Leaving the single currency union won’t actually make things easier for them but Greeks are increasingly likely to try.

  1. Pipeline construction in the Black Sea (Gazprom)

    Time for Compromise On Trans Caspian Pipeline

    Wikistrat analysts say the time is ripe for an energy deal between Europe and Russia on Caspian Sea exports.

  1. Greek leftist leader Alexis Tsipras arrives at the presidential palace in Athens for coalition talks, May 13, 2012 (AP/Kostas Tsironis)

    Far Left Risks Greece’s Expulsion From Eurozone

    Leftists’ refusal to adhere to the conditions of Greece’s bailouts puts the country’s future in the currency union at risk.

  1. European Commissioner for Economic and Financial Affairs Olli Rehn, January 10, 2012 (ALDEADLE)

    Merkel, Rehn Warn Against “Debt Fueled” Growth

    The German chancellor and Europe’s top economic official both cautioned governments against more borrowing.

  1. Business leaders meet during an Asian Development Bank summit in Manila, the capital of the Philippines, May 4, 2012 (Asian Development Bank)

    ASEAN Takes Step to Enhance Economic Integration

    The countries of East and Southeast Asia are increasing cooperation to shield their economies from the troubles in the West.