Bonjour, Merkel
Less than a month after France chose her new president and few months before Germany starts her own elections campaigns, Europe is dealing with a collapse of more countries in the eurozone.
Less than a month after France chose her new president and few months before Germany starts her own elections campaigns, Europe is dealing with a collapse of more countries in the eurozone.
Arianna Huffington | Posted 05.29.2012
There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.
Rajan Menon | Posted 05.28.2012
These issues doubtlessly need to be addressed, but what's notable is the sea change in the conversation. Ideas that were once off the table are now being taken up by EU governments and organizations and Euro pundits. The austerity discourse no longer dominates. Why?
Robert Kuttner | Posted 05.29.2012
Historians will look back on the spring of 2012 as moment when Europe's institutions and leaders either failed to contain a deepening crisis -- or as a time when leadership grasped the common stakes and rose to the occasion.
AP | Posted 05.23.2012
BERLIN -- A new poll finds support for Chancellor Angela Merkel's conservatives has fallen after an embarrassing election defeat in Germany's most pop...
Robert Kuttner | Posted 05.20.2012
While Greece is right on the razor's edge of default, and may yet be granted some overdue relief, the prospects for broader European recovery are still very bleak until the politics get a lot more radical.
AP | BEN FELLER and JIM KUHNHENN | Posted 05.20.2012
CAMP DAVID, Md. -- Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declar...
AP | JIM KUHNHENN | Posted 05.19.2012
CAMP DAVID, Md. — Freedom of the press is a bit different at the G-8 summit. At Camp David, a highly secure compound in the woods ringed by lay...
Reuters | Posted 05.19.2012
By Jeff Mason and Laura MacInnis CAMP DAVID, Md., May 19 (Reuters) - U.S. President Barack Obama pledged at a Group of Eight summit on...
HuffingtonPost.com | Jon Ward | Posted 05.19.2012
WASHINGTON -– Austerity is out. Growth is in. And Mitt Romney's campaign has taken notice. Politicians in Europe and in President Barack Obama's...
Eric Margolis | Posted 05.18.2012
What would happen to Greece if it quit the euro? Financial chaos, capital flight, riots and bank failures... maybe. But after the apocalypse, Greece would eventually revert to its 1960's status: a poor but proud nation living off tourism, shipping, agriculture and fishing.
Reuters | Posted 05.19.2012
* Greece says Merkel, Papoulias discussed referendum * German spokesman denies Merkel proposed idea * Greek parties angr...
Jeff Danziger | Posted 05.17.2012
Robert J. Shapiro | Posted 05.16.2012
Only by leaving can Greece reissue the drachma and let it devalue sharply. Everything Greek will be available at fire sale prices, which will attract foreign investors and make Greek exports price competitive. Greece and its people will be left a lot poorer, but that's also now inevitable.
HuffingtonPost.com | Ryan Grim | Posted 05.16.2012
Ned Simons reported from London, Alexandre Phalippou from Paris, and Ryan Grim from Washington. When Federal Reserve Chairman Ben Bernanke ventured...
Rajan Menon | Posted 05.15.2012
Europe's political winds have shifted over the past month. The first sign of this preceded the event now being hailed as the catalyst, Sarkozy's loss in France's presidential election, and it occurred in an unlikely place: the Netherlands.
Reuters | Posted 05.17.2012
PARIS, May 15 (Reuters) - A presidential jet carrying newly inaugurated French President Francois Hollande was hit by lightning en route to Berlin and...
Juliet Linley | Posted 05.14.2012
What most people seem to ignore is that creating an attachment bond with your baby is about putting your child's needs ahead of yours. It's as simple as that. Seriously.
Michael Hodin | Posted 05.14.2012
From Athens, Greece, to Madison, Wisconsin, the common theme today is said to be "austerity versus growth."
Reuters | Posted 05.13.2012
* Projections show worst post-war result in state for CDU * Result could harden opposition to Berlin's austerity policies ...
Rajan Menon | Posted 05.09.2012
Germany can refuse to budge on austerity, but for how long if its remedies don't cure Europe's ailing economies?
Robert Reich | Posted 05.07.2012
Yes, America has a long-term budget deficit that's scary. So does Europe. But the first priority in America and in Europe must be growth and jobs.
Reuters | Noah Barkin and Stephen Brown | Posted 05.07.2012
By Noah Barkin and Stephen Brown BERLIN, May 7 (Reuters) - Germany is ruling out any substantive shift in its approach to Europe's debt crisis desp...
AP | SARAH DiLORENZO and DAVID McHUGH | Posted 05.07.2012
PARIS — The day after Francois Hollande rode to power in France on a slogan of "change now," the conversation in Europe was already different Mo...
Robert Kuttner | Posted 05.07.2012
Watching the jubilation at the Place de la Bastille last night, where the Socialist candidate Francois Hollande was declared the next President of France precisely at 8:00 p.m., followed by delirious chants of "Sarkozy, c'est fini!" I couldn't help thinking of Grant Park, November 2008.
Daniel Nehemia | Posted 06.01.2012