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Greek socialist head hands back coalition mandate

Greece's socialist leader Evangelos Venizelos officially gave up the mandate to form a coalition government Saturday after three rounds of negotiations proved fruitless, bringing the crisis-struck country one step closer to new elections. Full story

NBC Politics: Is America in fiscal austerity yet?

The short-term importance of the budget bill which the House approved this week is that Democrats now have another vote which they can use against Republicans running in tough races this fall. Full story

Irish pose next democratic test for EU austerity

When voters in Greece and France got the chance, they dealt a resounding "No!" to parties backing austerity measures. The Irish could be next to give the European Union's austerity plan a black eye. Full story

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News Summary: Merkel says Europe needs austerity

Tsipras says Greek euro exit bad for Europe

Britain's Cameron: UK must stand by spending cuts

IMF shows new flexibility on fiscal austerity

What's at stake as 6 European nations vote

Italy votes in local election, first since Monti

Europe must balance austerity with growth: EU's Rehn

Analysis: Central Europe walks austerity tightrope

Eurozone jobless benefits vary widely

Greek anti-bailout leftist wins over austerity-weary voters

Video

  Police march against austerity measures in U.K.

Police in London take to the streets with border officials and healthcare workers to protest austerity measures that cut jobs and pensions. Msnbc.com's Dara Brown reports.

  Is Hollande's Victory a Symbol of the EU's Decline?

Nile Gardiner, Heritage Foundation, discusses the fallout from the Greek election and whether austerity in Europe is dead.

  Republicans advocate failed European model for US

Chris Hayes reviews the failures of European austerity measures, not only economically but politically, and yet somehow Republicans are still pushing for austerity for the United States.

  Greek Election Fallout

CNBC's Simon Hobbs and Michelle Caruso-Cabrera discuss whether austerity in Europe is dead since this weekend's elections in Greece and France.

  Roadmap: Turning Point in EU Crisis?

Why election results in Europe could mean the dismantling of austerity measures; Buffett goes on a spending spree; and Facebook's IPO road show kicks off, with the "Squawk on the Street" team.

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Related Photos

Demonstrators hold a banner that reads "Indignation" as they join a M12 protest against unemployment and government austerity measures in Lisbon
Demonstrators hold a banner that reads "Indignation" as they join a M12 protest against unemployment and government austerity measures in Lisbon

Demonstrators hold a banner that reads "Indignation" as they join a M12 protest against unemployment and government austerity measures in Lisbon May 12, 2012. Portugal is under a bailout by the International Monetary Fund , European Central Bank and the European Union . The M12 is a movement agains

Demonstrators wearing Guy Fawkes masks join a M12 protest against unemployment and government austerity measures in Lisbon
Demonstrators wearing Guy Fawkes masks join a M12 protest against unemployment and government austerity measures in Lisbon

Demonstrators wearing Guy Fawkes masks join a M12 protest against unemployment and government austerity measures in Lisbon May 12, 2012. Portugal is under a bailout by the International Monetary Fund , European Central Bank and the European Union . The M12 is a movement against capitalism and auste

Demonstrators hold banners in protest against unemployment and government austerity measures in Lisbon
Demonstrators hold banners in protest against unemployment and government austerity measures in Lisbon

Demonstrators hold banners that reads "We fight without fear" and "We win" during a M12 protest against unemployment and government austerity measures in Lisbon May 12, 2012. Portugal is under a bailout by the International Monetary Fund , European Central Bank and the European Union . The M12 is a

TOPSHOTS
TOPSHOTS

TOPSHOTSOff-duty British police officers march through central London, on May 10, 2012, in a protest against proposed changes to their pay, conditions and staff numbers. Hundreds of thousands of British public sector workers were set to strike over pensions Thursday and police were due to protest