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Euro Crisis

German Parliament Approves Euro Bailout

Reuters | Posted 08.29.2012 | Business

By Gareth Jones and Stephen Brown BERLIN, June 29 (Reuters) - Germany's parliament resoundingly approved the euro zone's permanent bai...

Procrastination Is Costly, Action Is Priceless

Otaviano Canuto | Posted 08.25.2012 | World
Otaviano Canuto

Haven't similar experiences in the debt crises of the 1980's, Russia in 1998, and Argentina in 2001 taught us that waiting too long to restructure in situations of clear insolvency can be more costly in the end?

Now Power Traders Are Halting Electricity Exports To Greece

Reuters | Posted 08.22.2012 | Business

* Greek power prices double due to lower imports, hot weather * Tourism season coming By Karolin Schaps and Tsvetelia T...

Greece Sells Islands, Highways, Planes In Fire Sale To Pay Down Debt

The Huffington Post | James Sunshine | Posted 06.21.2012 | Business

When governments announce that the sale of assets, they usually mean industries and companies owned and operated by the state. Greece has something sl...

Euro Crisis: If We're Heading Towards a 1930s-Style Depression -- Why Is the Stock Market So Bullish?

Steven Strauss | Posted 08.19.2012 | World
Steven Strauss

This crisis is not happening quickly. It's more of a slow-motion train wreck -- Greece's crisis started in 2009. But that leaves a puzzle -- why is the American stock market not reacting to obvious warning signs?

Europe's Real Problem: A Deficit of Democracy

Mauro Guillén | Posted 08.18.2012 | World
Mauro Guillén

At this grave hour in which the future of Europe and that of the global economy are at stake, let's not forget that European institution-building has always been more effective when based on the national interests of the member states.

Chaos, Hypocrisy and the Greek Elections

Michael Nevradakis | Posted 08.17.2012 | World
Michael Nevradakis

Greek voters are tired of the scaremongering, tired of being portrayed as the poster-child for the ills of Europe and tired of the broken promises made by the "major" parties.

EURO PEONS

Miller Hudson | Posted 08.15.2012 | Denver
Miller Hudson

Presuming a uniformity of social circumstances and economic opportunity when they do not exist, and cannot be enforced, inevitably leads to peonage for some and riches for others.

The Euro Crisis: Which Countries Will Need Help Next?

Peter Morgan | Posted 08.15.2012 | World
Peter Morgan

I think this is only the tip of the iceberg. The analysis I did to evaluate the countries across the region showed the year-on-year debt of each country and the cumulative total debt.

Man Bets A Billion Dollars That This Potential European Catastrophe Won't Happen

Posted 06.15.2012 | Business

Someone call Michael Lewis! As investors the world over are running away from all things Europe, some guy is galloping right toward it. Sure, Spai...

Swedish Official: The Eurozone Crisis Is 'An Ugly Thing To Look At'

Reuters | Posted 08.13.2012 | Business

* Sweden resilient to euro crisis * Low debt gives policy flexibility * Face some risks due stronger currencies ...

UN Names Biggest Threat To Global Economy

Reuters | Posted 08.07.2012 | Business

UNITED NATIONS, June 7 (Reuters) - The euro zone debt crisis is the leading danger for the global economy and any worsening will likely lead to even...

S&P: 'Decisive Action' Necessary To Fix Europe

Reuters | Posted 08.06.2012 | Business

(Adds detail, quotes) NEW YORK, June 6 (Reuters) - European leaders can still contain the region's debt crisis and protect weaker econ...

The Myth of the Euro's Imminent Demise

Steve Kettmann | Posted 07.29.2012 | World
Steve Kettmann

Anyone reading the U.S. press last year would have assumed the Euro would be dead by now. It isn't. Here's guessing the Euro will survive the current crisis -- which would be good not just for Europeans but for the world.

PM: 'Greece Is On The Brink, The Survival Of The Euro In Question'

Reuters | Posted 07.17.2012 | World

By Matt Falloon MANCHESTER, England, May 17 (Reuters) - Prime Minister David Cameron urged Europe's rulers on Thursday to do more to q...

Aging Citizens Contribute to National Growth

Michael Hodin | Posted 07.14.2012 | Fifty
Michael Hodin

From Athens, Greece, to Madison, Wisconsin, the common theme today is said to be "austerity versus growth."

Europe At Risk Of Facing 'Lost Decade'

Reuters | Posted 07.10.2012 | Business

AMSTERDAM, May 10 (Reuters) - Europe is at risk of a Japanese-style "Lost Decade" of low economic growth, weak consumer spending, poor company inves...

Post-Austerity Greece: The Rise of the Political Fringe

Daniel Wagner | Posted 05.09.2012 | World
Daniel Wagner

The Greek election should be seen for what it is: a repudiation of the medicine Greece has been given over the past four years -- whether it deserved it or not -- with unintended and unforeseen consequences.

Some Good News For Greece

Reuters | Posted 07.02.2012 | Business

ATHENS, May 2 (Reuters) - Standard & Poor's raised Greece's credit rating to low-speculative grade on Wednesday, lifting it out of default territory...

How EU Ideologues Destroyed the Hopes of a Generation

Rory Fitzgerald | Posted 07.01.2012 | World
Rory Fitzgerald

The older generation, traumatised by war, have bequeathed to young Europeans a landscape of joblessness and economic chaos, within which extreme political ideologies are flourishing.

A French Spring and a New Enlightenment for Jobs and Justice

Brent Budowsky | Posted 06.30.2012 | World
Brent Budowsky

The increasingly likely victory of Francois Hollande in the French presidential election would be the shot for economic justice and jobs that will be heard around the world.

The French Choice

Miles Jaffe | Posted 06.25.2012 | Politics
Miles Jaffe

The election of Hollande would lead to a major change in German-French relations. The prospect of German-French discord in Europe offers at minimum good theatre.

'We're Back In Full Crisis Mode'

Reuters | Posted 06.16.2012 | Business

* Spanish 10-year yields top 6 percent, contagion fears rise * German 10-year Bund yields hit record lows * Markets spec...

Why Tension Between World Leaders Is Mounting

Reuters | Posted 06.13.2012 | Business

By Lesley Wroughton WASHINGTON, April 13 (Reuters) - Tensions among some of the world's leading economies are on a boil over a plan to...

Eurozone Joblessness Hits Near 15-Year High

Reuters | Posted 06.02.2012 | Business

* Euro zone unemployment at 10.8 pct in February * EU Commission says data shows need for reform * Sharp divide between north and south ...