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Euro Crisis

Report: Greece Saved From Imminent Bankruptcy

Reuters | Posted 10.03.2012 | Business

BERLIN, Aug 4 (Reuters) - The European Central Bank (ECB) has saved Greece from bankruptcy for the time being by securing it interim financing in th...

Euro Crisis: The German Approach Is at Least Partially Correct

Steven Strauss | Posted 09.21.2012 | World
Steven Strauss

Aside from the risk to the German taxpayers, a failure to come out of this crisis with real reforms sets the stage for an even bigger debacle at a later date. The Germans deserve commendation for their commitment to a united Europe.

PHOTOS: An Abandoned Airport

Posted 07.12.2012 | Travel

Ciudad Real International Airport in central Spain opened in 2009 to much hype and fanfare. The airport, which was meant to handle overflow from Madri...

Euro Leaders Agree To Spain Bailout Terms

Reuters | Posted 09.08.2012 | Business

By Robin Emmott and Francesca Landini BRUSSELS, July 10 (Reuters) - Euro zone ministers agreed early on Tuesday to grant Spain an extr...

Young Job Seekers Struggle Across Europe

AP | Paul Wiseman and David McHugh | Posted 07.09.2012 | Money

BRUSSELS — Irene Fernandez lost her job with Spain's postal service five months ago, a victim of government spending cuts. Since then, she's been ge...

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 p...

European Officials Try To Make Germany More Comfortable With Euro Integration

AP | TOBY STERLING and DON MELVIN | Posted 08.26.2012 | Business

BRUSSELS — Top European officials have called on countries that use the euro to surrender more control over their national budgets, a move appar...

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.

Greeks, Spanish Pull Billions Out Of Banks In Self-Protection

AP | COLLEEN BARRY and DAVID McHUGH and NICHOLAS PAPHITIS | Posted 06.17.2012 | Business

ATHENS, Greece -- In Europe's most economically stricken countries, people are taking their money out of banks as a way to protect their savings from ...

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...

German Chancellor Interested In Possible Long-Term European Solution

AP | JUERGEN BAETZ | Posted 08.04.2012 | Business

BERLIN (AP) — German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to t...

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...

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...