iOS app Android app

Eu Debt Crisis

EU Set To Back Joint Bank Supervision

AP | JUERGEN BAETZ | Posted 10.15.2013 | World

LUXEMBOURG -- LUXEMBOURG (AP) — European Union officials were set to approve the creation of a central banking supervisor Monday, even though they s...

Ensuring Scottish Sovereignty: Exploring the Public Bank Option

Ellen Brown | Posted 02.06.2013 | Business
Ellen Brown

Perhaps the Scots will blaze a trail for economic sovereignty in the EU, just as the North Dakotans did in the U.S.

7,000 Greek Police To Crack Down Before Merkel Visit

AP | NICHOLAS PAPHITIS | Posted 12.08.2012 | World

ATHENS, Greece — Greek police have increased security and are preparing to close down large sections of the capital Athens to contain protests a...

EU Holds Debt Crisis Summit

AP | RAF CASERT and SARAH DiLORENZO | Posted 07.23.2012 | World

BRUSSELS — European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financia...

Markets Still Wary After EU Deal

Posted 12.12.2011 | Business

A European summit deal to strengthen budget discipline in the euro zone failed to restore financial market confidence on Monday, forcing the Europ...

Never Again, Not Even One Bit!

Alexander Goerlach | Posted 12.25.2011 | World
Alexander Goerlach

Europe does not require a new narrative. The only task in front of us is the defense of "never again." Our historical vision must expand to include another pastime of European states: debt-financed budgets.

EU: Taxing Financial Transactions Would Raise Billions

Posted 11.28.2011 | Business

STRASBOURG, France, Sept 28 (Reuters) - The European Union's executive proposed a bloc-wide tax on financial transactions that would set a rate of...

Slovenia's Government Falls, Complicating European Debt Crisis

AP | By ALI ZERDIN | Posted 11.20.2011 | World

LJUBLJANA, Slovenia -- Slovenia's left-leaning government was ousted in a parliament confidence vote Tuesday, further complicating Europe's debt crisi...

EU Crisis Could Infect U.S., Fed Official Warns

Posted 07.24.2011 | Business

FARMINGTON, Missouri (By Mark Felsenthal) - Turmoil over sovereign debt problems in Europe could weigh on the U.S. economic recovery, St. Louis Fe...

Officials Agree On Huge Portugal Bailout Package

Posted 07.16.2011 | Business

BRUSSELS (AP, By Gabriele Steinhauser) -- European finance ministers on Monday signed off on euro 78 billion ($110 billion) in rescue loans to Portuga...

Portugal Bailout Terms Are 'Severe,' EU Says

AP | By GABRIELE STEINHAUSER and BARRY HATTON | Posted 07.04.2011 | Business

LISBON, Portugal -- Portugal's bailout terms are 'severe' and no more lenient than those Greece and Ireland received, an EU official said Wednesday in...

Greece Debt Restructuring Would Be A Disaster, Officials Warn

Posted 07.03.2011 | Business

ATHENS/LISBON (By George Georgiopoulos and Andrei Khalip) - Greece insisted on Tuesday any restructuring of its debts would be a disaster for the ...

Portugal Government May Collapse Ahead Of Austerity Vote

AP | BARRY HATTON | Posted 05.25.2011 | Business

LISBON, Portugal — Debt-stressed Portugal's prime minister quit Wednesday after opposition parties rejected his latest austerity measures devise...

Germany, France Reveal Plan To Boost Euro | STEPHEN CASTLE | Posted 05.25.2011 | Business

BRUSSELS -- Initiating a bold effort to strengthen the euro, Germany and France on Friday laid down far-reaching plans to deepen integration among the...

The EUs Latest Problem: Slovakia May Want Out

AP | KAREL JANICEK and GEORGE JAHN | Posted 05.25.2011 | Business

BRATISLAVA, Slovakia — Bells pealed and fireworks shot across midnight skies in Bratislava two years ago, as Slovaks celebrated not only the New...

STRIPPED: Overspending Nations Could Lose EU Voting Rights

AP | RAF CASERT | Posted 05.25.2011 | World

BRUSSELS — EU leaders worked on a deal early Friday to punish spendthrift nations whose overspending put Europe's single currency at risk, but o...

Ireland Credit Rating Slashed To 3 Grades Above Junk

AP | SHAWN POGATCHNIK | Posted 05.25.2011 | Business

DUBLIN — Moody's slashed Ireland's credit rating five notches on Friday and warned of further downgrades if the country cannot regain command of...

EU Debt Crisis Is 'Systemic,' According To Official's Warning

Posted 05.25.2011 | Business

BRUSSELS/BERLIN (By Jan Strupczewski and Erik Kirschbaum): European Union leaders will be warned on Thursday that a rolling debt crisis poses a syste...

Ireland Passes Bailout Package, Despite Opposition To Cuts

Posted 05.25.2011 | Business

DUBLIN (By Carmel Crimmins): Ireland's parliament approved a multi-billion euro EU/IMF bailout package on Wednesday in the face of opposition threats...

Moody's May Downgrade Spains Debt

AP | CIARAN GILES | Posted 05.25.2011 | Business

MADRID — Ratings agency Moody's on Wednesday warned it may downgrade Spain's debt because the government is vulnerable to a borrowing crunch nex...

EU Denies Pushing Portugal Towards A Bailout

Posted 05.25.2011 | Business

BERLIN/LISBON: European officials denied "absolutely false" reports Portugal was under pressure to seek a bailout and Spain ruled out on Friday needin...

Analysis: Markets Won't Wait For EU On Debt

AP | BRADLEY S. KLAPPER and JILL LAWLESS | Posted 05.25.2011 | Business

GENEVA — Can anything stop the euro's decline? With the single currency facing the biggest crisis of its existence, European governments this m...

Euro Crisis: EU About To Experience An American-Style Credit Crunch

McClatchy | Kevin G. Hall | Posted 05.25.2011 | Business

Q: Isn't this reminiscent of the turbulent fall of 2008? A: Yes. The fear gripping Europe is leading to a rise in short-term lending rates, and tha...

Trichet: Europe's Economy In Deepest Crisis Since World War II

AP | Posted 05.25.2011 | Business

BERLIN — The President of the European Central Bank is quoted as saying that he still sees Europe's economy in its deepest crisis since World Wa...

Another Blow To The EU -- Portugal Gets Downgraded

AP | BARRY HATTON | Posted 05.25.2011 | Business

LISBON, Portugal — Moody's credit rating agency downgraded Portugal's debt on Tuesday, casting fresh doubt on the country's ability to weather i...