European Union

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  S&P Downgrades Hungary to Junk After It Defies IMF and EU

  By Marlene Y. Satter, AdvisorOne  |  December 22, 2011

  Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.

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  Britain Isolated on Fiscal Union

  By Marlene Y. Satter, AdvisorOne  |  December 9, 2011

  Britain was left standing alone as most of the 27-nation European Union agreed to consider a separate treaty with stricter budget rules for the euro zone.

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  S&P Warns on Possible Downgrade of EU, Banks

  By Marlene Y. Satter, AdvisorOne  |  December 8, 2011

  Standard & Poor's, continuing a theme it began earlier this week, said Wednesday that the European Union itself could face the loss of its AAA credit rating, as could large euro zone banks.

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  Europe in Disarray as Contagion Spreads

  By Marlene Y. Satter, AdvisorOne  |  November 10, 2011

  As both Italy and Greece fumbled with successor governments, worries over officials’ failure to find a solution to the debt crisis spread contagion to Italy, where bond yields broke records.