Euro zone takes third debt crisis patient into care

Portugal and Greece talked up the benefits of Lisbon's decision to accept a multi-billion euro bailout from the European Union and IMF on Wednesday, but the outlook for both countries and Ireland remains highly uncertain.

Bond Vigilantes Ignore Next Stage of Euro Crisis: Matthew Lynn

Greece? Been there. Ireland? Done that. Portugal? Got the T-shirt. For the past year, countries sharing the euro have been going bust one by one.

So where’s next? Plenty of people will point the finger at Spain. Some at Italy. A few single out Belgium, a country with high debts, and no government.

EFSF's Regling Says Reforms Will Strengthen Euro Area

Planned stronger surveillance of government budgets will ease the European Union's debt crisis and lead to more jobs in the single currency area, the chief executive of the European Financial Stability Facility, the euro zone's bailout fund that was tapped by Ireland last year, said Wednesday.

Is EMU Debt Crisis Morphing Into a Euro-Positive Force?

We argue that a key driver lifting the euro has been the divergent monetary policies of the Federal Reserve and the ECB. When investors perceive the European debt crisis becoming acute, it has eclipsed the main driver and weighed on the euro episodically in recent months. However, the increased speculation (and therefore risk) that Greece restructures its debt may be transforming the debt crisis into a more immediately euro-positive direction.

Dollar Isn't in a Crisis, but a Rout Could Come Quickly

The dollar has yet to descend into a full-blown crisis but market watchers warn that ultra-loose U.S. monetary policy means that one could quickly materialize if the slide in the greenback gathers pace.

The dollar has dropped to new lows since Federal Reserve Chairman Ben Bernanke effectively slapped a sell sign on the currency Wednesday, with the greenback hitting historic lows against the Australian dollar and Swiss franc, and even to a major low point against the euro, which is hobbled by an ugly debt crisis.