Mar 10th, 2010 · Of the 16 countries that use the euro, some have stable economies, while others are in bad shape. But in recent weeks, there has been speculation that Greece might default on its debt, putting other European countries at risk. Just over a decade after the euro was introduced, the unified currency is having something of an existential crisis.
Mar 7th, 2010 · Video games are integrating ways to sign up for credit cards and open accounts that provide virtual currency. New technologies, including sensors, are also making it possible to offer rewards, similar to frequent-flier programs, for playing or participating in mundane activities.
Feb 26th, 2010 · European Union officials have told the Greeks they have to get their budget deficit under control if they want help to pay off their huge debts. Greece uses the common European currency, the Euro, so its neighbors have a stake in what happens there.
Feb 26th, 2010 · European Union officials have told the Greeks they have to get their budget deficit under control if they want help to pay off their huge debts. Greece uses the common European currency, the Euro, so its neighbors have a stake in what happens there. Increasingly, so does the United States.
Feb 3rd, 2010 · The government of Greece insists it doesn't need a bailout, but there are persistent rumors that Greece could need urgent help from its European partners. The European Commission reports Wednesday on the fragile state of the Greek economy and its massive debt. There are concerns about that debt's potential effects on the euro.
Feb 2nd, 2010 · Greece is experiencing a budget crisis so severe — a deficit that is four times the EU limit — that the country could be in danger of losing the euro as its national currency. The government has promised tough austerity measures. But many Greeks say they are in no mood for sacrifice.
Jan 8th, 2010 · North Korea has banned the use of foreign currency, another move to crack down on the burgeoning middle class. Last month, the government's move to slash two zeros off its currency was met with unexpected opposition. Some damage control was done, but the results are widespread inflation and food shortages.
Jan 7th, 2010 · The investigation of the Senate Committee on Banking and Currency 75 years ago shaped the nation's financial regulatory system. They became known as the Pecora Hearings, after the counsel Ferdinand Pecora, whose dogged questioning of Wall Street following the crash of 1929 disgraced the big bankers of the day.