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. 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. Greek socialist party leader Evangelos Venizelos when he was defense minister attends a church service in Moscow, Russia, March 30, 2010

    Greece Fails to Put Together New Government

    Talks to form a new coalition collapsed less than a week after elections. A rerun is expected for June.

  1. French Socialist Party presidential candidate François Hollande, April 22, 2012

    Europe’s Age of Austerity Drawing to a Close?

    Elections in France and Greece are sending shivers down the spines of Europe’s champions of spending restraint.