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Fed Opens Line Of Credit To Europe

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on...

Welcome to the Post-Unipolar World: Great for the U.S. and for the Rest

Leon T. Hadar | Posted 05.25.2011 | World
Leon T. Hadar

The U.S. should not retreat from the world. But by embracing a policy of "constructive disengagement" from some parts of the world, America could help itself and the rest of the world.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

EU CAPS Bank Bonuses: Company Performance To Dictate Bonus Pay

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — European Union lawmakers have voted overwhelmingly to cap bankers' short-term cash bonuses from next year, a move that European leade...

Greek Debt Crisis: Fears Intensify That Crisis Will Hit U.S.

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — The stock market's slump this week reflects a widespread concern among many economists that the European debt crisis could slow the...

Greek Financial Crisis: It's Not About Greece Any More

New York Times | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

The Greek "rescue" package announced last weekend is dramatic, unprecedented, and far from enough to stabilize the eurozone. The Greek government an...

Spain Could Go The Way Of Greece | RAPHAEL MINDER | Posted 05.25.2011 | Business


Debt Crisis and Threat of Bankruptcy Encourages Europe To Create Greater Economic Reform

AP | DANIEL WOOLLS and COLLEEN BARRY | Posted 05.25.2011 | Business

MADRID — In the ashes of Europe's debt crisis, some see the seeds of long-term hope. That's because the threat of bankruptcy is forcing governm...

EU Will NOT Ban Selling Eggs By The Dozen, Despite Reports

The Independent | Posted 05.25.2011 | Home

Look away Eurosceptics. Those meddling Brussels bureaucrats have let you down again and are not going to ban the sale of eggs by the dozen. To the d...

European Debt Crisis Looms As Markets React To Greek Debt Woes

Posted 05.25.2011 | Business

BERLIN (BY JUERGEN BAETZ, Associated Press) - Europe's debt crisis flared again Wednesday as Spain saw its credit rating lowered, just as Germany soug...

Fundamental Changes In European Financial Markets

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Most days we can coast along, confident that tomorrow will be much like yesterday. On a very few days we need to look hard at the news headlines, cli...

Greece and the EU

Jeff Danziger | Posted 05.25.2011 | Business
Jeff Danziger


DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

DK Matai | Posted 05.25.2011 | Green
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Does Greece Have a Tea Party?

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

While there have been protests and riots, it is not clear that Greece has the equivalent of a Boston Tea Party. Or, like Bostonians, that Greeks will join with others to fight for independence.

Summers, Geither: Our Agenda For The G-20 | TIMOTHY GEITHNER and LAWRENCE SUMMERS | Posted 05.25.2011 | Business

This week, President Obama will travel to Toronto for the G-20 Summit. Engagement with the G-20 has been a key component of the administration's strat...

Greece Bailout: Greeks Ask For EU-IMF Assistance Amid Financial Crisis

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

ATHENS, Greece — Hobbled by exorbitant borrowing costs, Greece triggered an emergency aid plan Friday to draw cash from the International Moneta...

Greek Debt Crisis Gets WORSE On Revised Debt Figures, Protests Mount

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

ATHENS, Greece — Markets pushed Greece closer to an expensive bailout after the EU raised its estimate of the country's budget deficit Thursday ...

NATO Future Raises Questions: U.S. And Europe Rethink Role Of Cold War Alliance

AP | ROBERT BURNS | Posted 05.25.2011 | World

WASHINGTON — Secretary of State Hillary Rodham Clinton is heading to a meeting of NATO ministers in Estonia at a time when the 61-year-old organ...

Iceland Volcano Costs Airlines At Least $1.7 Billion Due To Travel Disruptions

Posted 05.25.2011 | Business

BERLIN (Associated Press) -- Airlines have lost at least $1.7 billion due to travel disruptions caused by the volcanic ash cloud from Iceland, an indu...

Airlines Seek Bailout From EU For Ash Crisis, British Airways Losing $30 Million Per Day

AP | JAMEY KEATEN | Posted 05.25.2011 | Business

PARIS — Airline losses from the volcanic ash cloud climbed above $1 billion Monday, and the industry demanded compensation from the European Uni...

DK Matai | Posted 05.25.2011 | Green
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Volcano Ash Flights: EU Says Half Of Normal Flights May Run Monday

AP | ARTHUR MAX | Posted 05.25.2011 | World

AMSTERDAM — Major airlines that sent test flights into European air space found no damage Sunday from the volcanic ash that has paralyzed aviati...

EU President Publishes Book of Poetry

John Lundberg | Posted 11.17.2011 | Healthy Living
John Lundberg

Herman Van Rompuy, President of the European Union and former Prime Minister of Belgium, published a book of haiku this past Thursday. Haiku Herman, ...

Deficit Terrorists Strike in the United Kingdom: United States of America Next?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Last week, England's new government said it would abandon the previous government's stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts.