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Euro Zone

Could Brexit Be A Catastrophe That Never Happens?

The Huffington Post | Ben Walsh | Posted 06.29.2016 | Business

What if the craziest thing about the Brexit is that it never happens? In the wake of the U.K.’s historic, market-shaking vote, financial heavyweigh...

Greece PM Must Shred His Own Election Promises And Sell Austerity

AP | Jade Walker | Posted 01.16.2017 | World

BRUSSELS (AP) -- With members of his own party openly denouncing a preliminary rescue deal struck with Greece's European creditors, Prime Minister Ale...

Euro Zone Agrees To Move Forward With Bailout Loan For Greece

Reuters | Jade Walker | Posted 01.03.2017 | World

By Paul Taylor and Renee Maltezou BRUSSELS/ATHENS, July 13 (Reuters) - Euro zone leaders made Greece surrender much of its sovereignty to outside supe...

Merkel Says Greek Bailout Deal Still Possible If Athens Shows The Will

Reuters | Posted 06.18.2016 | World

By Paul Carrel and Angeliki Koutantou BERLIN/ATHENS, June 18 (Reuters) - German Chancellor Angela Merkel said on Thursday a deal betwe...

Greek Prime Minister Sticks To Hard Line As Contagion Hits Euro Zone Bonds

Reuters | Posted 06.16.2016 | World

By Lefteris Papadimas and Erik Kirschbaum ATHENS/BERLIN, June 16 (Reuters) - Prime Minister Alexis Tsipras accused Greece's creditors ...

The Buck Stops Here: Greece Is Fighting to Save Europe

Mark Weisbrot | Posted 04.29.2015 | Politics
Mark Weisbrot

Citizens of the eurozone countries didn't know when they formed the monetary union that they were not only losing their sovereign and democratic rights to control their most important macroeconomic policies. They had also ceded this power to people with an anti-social-Europe agenda. Now Greece is trying to get some of that democracy back.

Angry Greeks Threaten to Halt European Juggernaut

Doug Bandow | Posted 04.12.2015 | World
Doug Bandow

A breakdown of the European bailout program might make a Greek exit from the euro ("Grexit") the only feasible option. And the popular revolt against outsiders dictating economic policy creates a huge new roadblock to attempts to expand Brussels' power over EU members.

Yanis Varoufakis: The Un-Politician We've Been Waiting For?

Nancy Kotting | Posted 04.11.2015 | Politics
Nancy Kotting

I believe Yanis Varoufakis represents the grounded, value-based intellectual of a leader who has what it takes to survive the relentless demands for transparency in today's environment of global connectivity.

European Markets Tumble

Reuters | Posted 12.16.2014 | Business

* FTSEurofirst 300 falls 1 pct, hits 13-month low * Euro zone banking index falls 2.7 percent * Getinge slumps 15 pct af...

IMF Report--Europe Is Becoming Japan

Harlan Green | Posted 12.09.2014 | Business
Harlan Green

The International Monetary Fund doesn't want to say it outright, but its latest World Economic Outlook shows more stagnation of the European and Japanese economies, and the possibility of a third EU recession since 2008.

A Test in France

Milton Ezrati | Posted 12.06.2014 | World
Milton Ezrati

Since France cannot avoid the burdens of austerity, its only effective economic answer is the fundamental reform that Hollande is now promising the EU.

If 2 Percent Is the New 4 Percent, Where Would the Economy Go From There? Let's Think It Uber!

Terry Connelly | Posted 08.12.2014 | Business
Terry Connelly

Renting a house, snagging a ride on your smartphone, and de-leveraging your balance sheets would truly be a new American way, with tremendous implications for policymakers including the Fed if a geopolitical or natural disaster hit and it was stuck at an already low interest rate.

The True Cost Of A Financial Crisis

Reuters | Posted 01.23.2014 | Business

* Study sees falling life satisfaction in crisis-hit countries * Trust in government also in decline in wake of crisis ...

Merkel: Letting Greece In Euro Zone Was 'Fundamentally Wrong'

Agence France Presse | Frank Zeller | Posted 10.28.2013 | World

German Chancellor Angela Merkel has charged, a month before elections, that struggling Greece should never have been allowed into the eurozone, blamin...

5 Reasons Not To Get Excited About The Eurozone Recession's 'End'

The Huffington Post | Mark Gongloff | Posted 08.14.2013 | Business

One quarter of positive GDP does not a recovery make. Europe's gross domestic product grew 0.3 percent in the second quarter from the quarter befor...

Greece Secures Another Eurozone Lifeline

Reuters | Annika Breidthardt and Martin Santa | Posted 09.07.2013 | Business

* Athens to get staggered payments over course of 2013 * Euro zone countries will pay 2.5 bln eur in July, rest later *...

Mark Gongloff

ECB Rate Cut Is Too Little, Too Late | Mark Gongloff | Posted 05.02.2013 | Business

European policy makers have rushed to the aid of their lifeless economy, cutting interest rates and promising that more help is on the way. Too bad th...

How to Sustain Recent Financial Gains: Fix Old Risks and Meet New Challenges

José Viñals | Posted 06.17.2013 | Business
José Viñals

Policymakers' decisive actions since our last report in October have increased global financial stability by reducing acute risks. In the euro area,...

Eurogroup Chief: Cyprus Deposit Tax 'Inevitable'

Reuters | Posted 05.21.2013 | Business

* Cyprus poses a systemic risk the euro zone -Eurogroup president * Euro zone bailout still on the table, Jeroen Dijsselbloem says ...

At Least We're Not Europe

The Huffington Post | Mark Gongloff | Posted 03.14.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Euro Zone Unemployment Hits All-Time High

Reuters | Posted 05.01.2013 | Business

* Euro zone inflation rate falls to 1.8 percent in February * Unemployment hits new high of 11.9 percent in January By E...

Here's What You Don't Know About The Big Mac

Reuters | Posted 04.08.2013 | Business

BRUSSELS (Reuters) - Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing wh...

The Euro: Bad Idea, Poorly Executed, Hard to Fix

David Backus | Posted 12.15.2012 | Business
David Backus

The euro crisis combines, in our view, a sovereign debt crisis and a banking crisis, with mutually adverse feedback between the two. But design flaws in the system magnified their impact and feedback.

The European Budgetary Pact

Salim Lamrani | Posted 12.14.2012 | World
Salim Lamrani

The Treaty on Stability, Coordination and Governance, which imposes austerity policies as the only possible standard, is doomed to failure and inevitably worsens the economic crisis in a Europe that is already in recession.

Single Euro-Zone Budget Gains Momentum Ahead Of Summit

Reuters | Posted 12.07.2012 | Business

By Luke Baker BRUSSELS, Oct 7 (Reuters) - Debate about the idea of creating a separate budget for euro zone countries is intensifying...