The latest news on European Union
Credit ratings agencies lag markets, but their opinions still matter
Iran is ready to talk as toughening sanctions aim to sharply scale back its nuclear program
British forces could move into the Strait of Hormuz as Iran shrugs off Europe's oil embargo
European Nations Agree to Tougher Sanctions on Iran.
A downturn in Europe could derail recovery in the U.S. .
The EU formally adopts sanctions to pressure the country to resume talks on its nuclear program.
The package includes measures to spur growth and competition while stamping out rampant nepotism.
Euro zone economies need to be bound more closely together if the single currency is to survive.
Obama presses European Union to Resolve Their Crisis
How businesses and consumers in the United States would be negatively affected.