A Yacht Race in the Tasman Sea

We are looking for the historic port city of Tasmania where the yachts are heading from Sydney.

The Snowflake That Started an Avalanche

“Greece is in a free fall,” Yanis Varoufakis says to me as we sit down for an interview at his apartment in Athens, and it sets the tone of the half-hour conversation that follows [...]

UBS Trader Arrested Over ‘Rogue Deals’

Swiss banking giant UBS says one of its traders lost about $2 billion in unauthorized trades. The man’s been arrested in London on suspicion of fraud.

Greek Politicians Eye Austerity Measures to Secure Next Round of EU Loans

Why many in the EU see that as a recipe for political and economic turmoil?

Europe’s year

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The World’s Gerry Hadden remembers a year that many in Europe would like to forget. As 2010 draws to a close, Europeans are hoping for an economic turnaround. Download MP3

Ireland braces for financial impact

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The World’s Laura Lynch reports that people in Ireland are bracing for job losses, tax hikes, and benefit cuts, as the Irish government prepares to release an austerity budget. Download MP3

Europe’s economic angst

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There was more unrest in Europe today.From violent student protests in Britain to strikes in Portugal and anger over budget cuts in Ireland, tensions are on the rise.The World’s Laura Lynch reports from London.
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Ireland in crisis

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Ireland’s two main opposition parties have called for an immediate general election after an EU-led bailout of the country’s economy. The government in Dublin is facing public anger after accepting up to $124 billion in loans. The World’s Laura Lynch has the latest on the bailout plan and what it might mean for other countries in Europe and beyond. Download MP3

Ireland’s financial crisis

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Anchor Lisa Mullins speaks with Laura Noonan, financial reporter for the Irish Independent newspaper, about the continuing financial crisis in Ireland. Download MP3

European workers protest austerity measures

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Thousands of protesters from across Europe are taking part in a mass demonstration in Brussels against spending cuts by some EU governments. Other protests against austerity measures are being held in Greece, Italy, Ireland and Latvia. A general strike is also taking place in Spain, hitting transport and other public services. Trade unions say EU workers may become the biggest victims of a financial crisis set off by bankers and traders. The World’s Gerry Hadden reports. Download MP3
>>In pictures: Europe’s mass protest

The view from Greece

For years, Greece spent more than it had. This month, the inevitable happened. Greece’s bills were about to come due and the country didn’t have enough money to pay them off. At the last minute, the European Union and the International Monetary Fund came to the rescue with loans. The World’s Gerry Hadden has been reporting from Greece on the repercussions of the debt crisis and the country’s efforts to deal with it.

• Gerry’s coverage of the Greek debt crisis

Greek Americans and the debt crisis

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One of the largest concentrations of Greeks outside Greece is in Queen’s, New York – specifically the area known as Astoria. So what do they make of the financial troubles back in the old country? The World’s Alex Gallafent went to find out. Download MP3 (Photo: Alex Gallafent)

• Photo gallery: Greek Americans on the crisis
• Global economy podcast: The Greece problem
• How did Greece get there?

Markets remain nervous over debt crisis

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Stock markets have fallen back after shares across the world surged on Monday in the wake of a deal to tackle Europe’s debt crisis. In London, shares fell 1% after rising 5% on Monday, while in Paris, they lost 0.7% after soaring 9% the previous day. Stocks in the US and Germany saw small rises. Marco Werman talks to MIT economist Kristin Forbes about the European bailout and what it means for the global economy. Download MP3 (flickr image:Blatantworld)

• BBC coverage
• Market data
• Global Economy podcast

Shares surge after EU loan deal

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Global stock markets have soared after the European Union and International Monetary Fund intervened to stop the Greek debt crisis spreading. Wall Street traded 4% up, after a 5% rise on the main UK and German stock markets, and a 9% surge in France. On Sunday, the EU and IMF agreed a 750 billion euro ($975 billion) loan-guarantee deal. Marco Werman talks with Ken Rogoff, a former chief economist for the International Monetary Fund. Download MP3 (flickr image: giorgos_vr)

• BBC coverage
• Market data
• Germany votes to bail out Greece
• Global Economy podcast: the Greece problem

Greece protest turns violent

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Three people have been killed in the Greek capital, Athens, where protests against big cuts in government spending have turned violent. The austerity program is being brought in so that Greece can receive an international financial bailout and avoid defaulting on its debts. Marco Werman speaks with one of the protestors, Despina Koutsoumba, who’s an elected official with the Greek Civil Servants’ Trade Union. Download MP3

• BBC coverage
• Global Economy podcast: The Greece problem