Debt Crisis

7:33am

Sun April 7, 2013
Europe

Young Greeks Find 'The Math Just Doesn't Work' Amid Crisis

Originally published on Tue April 9, 2013 2:23 pm

"In Europe, we're trying to save banks by sacrificing an entire generation — my generation," says Marios Kyriakou, 24.
Joanna Kakissis NPR

The latest statistics show Greece and Spain with the highest unemployment rates in the eurozone, both at more than 26 percent. For young Greeks, the numbers are much worse: Nearly 60 percent of people under 25 are out of work, a figure that is expected to rise.

These aren't just numbers for 24-year-old Marios Kyriakou, who was recently sipping a sweet espresso freddo at an arty cafe in his neighborhood. He says he's even had to cut back on that small pleasure.

Read more

10:57am

Tue April 2, 2013
The Two-Way

In Spain, A Mattress That Lets Your Money Rest Easy

My Mattress Safe retails for about $1,120.
Courtesy of Descanso Santos Suenos

Spaniards wary of trusting their life savings to their country's shaky banking system can now buy a mattress that has an armored safe equipped with a keypad combination lock hidden in one end.

Read more

2:43am

Fri March 29, 2013
Economy

Cyprus' Crisis Frames Eurozone As 'Work In Progress'

Originally published on Fri March 29, 2013 9:14 am

Banks in Cyprus reopened to customers for the first time in nearly two weeks Thursday, albeit with strict restrictions.
Petros Giannakouris AP

On the second day since Cyprus reopened its banks, depositors continue to face restrictions on getting at their money. ATM withdrawals are limited to 300 euros a day, and there are limits on how much cash travelers can take abroad.

Read more

5:04am

Thu March 28, 2013
The Two-Way

Banks In Cyprus Reopen As Island's Economy Hits Reboot

Originally published on Thu March 28, 2013 6:54 am

At a Laiki Bank branch in Nicosia, Cyprus, early Thursday, customers lined up to be among the first allowed in.
Yannis Behrakis Reuters /Landov
  • From 'Morning Edition': What makes for a good tax haven?
  • From 'Morning Edition': Joanna Kakissis reports

Banks in Cyprus reopened Thursday morning — after two weeks in which they had to keep their doors closed as European leaders worked out a bailout deal for the island's struggling financial sector in a bid to keep its problems from triggering similar crises in other ailing EU nations.

Read more

12:55pm

Wed March 27, 2013
Planet Money

What If You Couldn't Take Your Money To Another State?

Originally published on Thu March 28, 2013 7:48 am

What if this wasn't worth $1?
ceoln Flickr

One day, the legislature in the state where you live passes a new law: Until further notice, you're not allowed to take your money to another state.

There are exceptions. You can take a few thousand dollars with you if you go on a trip. You can do some out-of-state shopping on your credit card, but not too much. Beyond that, all your money — your checking account, your savings account, the cash you buried in your backyard — has to stay in your state. You're free to leave the state, as long as you don't take your money with you.

Read more

Pages