1. Voters celebrate as François Hollande's election victory is announced in Tulle in the south of France, May 6, 2012 (Benjamin Géminel)

    Austerity On the Ballot Across Europe

    French and Greek national polls and local elections in Germany and Italy could shape the future of the euro crisis.

  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.

  1. Greek prime minister Lucas Papademos and his finance minister Evangelos Venizelos in Brussels, February 20, 2012

    Greek Debt Agreement Met With Cautious Optimism

    Having reduced its gargantuan debt burden, the Greek Government can say, from here, things will get better.

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

    Greece Enters Selective Default With Second Bailout

    Despite a second round of European financial support, Greece enters “selective default” as a result of a bond swap arrangement.

  1. Wolfgang Schäuble, the German finance minister, during a conservative party event in Bensheim, Hessen, March 27, 2011

    German Minister Laments Greece’s Broken Promises

    Greek promises on austerity are no longer enough to justify hundreds of billions in financial support, said Wolfgang Schäuble.