'It's Better To Be Safe Than Sorry'
By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...
By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...
AP | RAF CASERT and SARAH DiLORENZO | Posted 05.24.2012
BRUSSELS — European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financia...
Reuters | Posted 05.14.2012
* Global luxury house prices fell 0.4 pct in Q1 2012 * First quarterly price fall since 2009 LONDON, May 14 (Reuters) - ...
Panagiotis Roilos | Posted 05.12.2012
According to René Girard, in periods of collective crisis the phenomenon of scapegoating flourishes. Today, the notorious "PIGS" (Portugal, Ireland or Italy, Greece, Spain), have become those animalized, "criminal" scapegoats.
AP | Posted 05.12.2012
BERLIN -- The head of Germany's central bank is warning that there would be no basis for further financial aid to keep Greece afloat if the country ba...
Jeffrey Rubin | Posted 05.09.2012
What Europe's voters and its central bank are coming to recognize is that unremitting fiscal austerity measures are the wrong prescription for what ails the European economy -- they're actually exacerbating the continent's economic problems.
Georges Ugeux | Posted 04.14.2012
Europe is not a lost continent, but a set of countries who are dealing with a crisis of confidence stemming from the awareness that its social system needs to be overhauled and modernized.
Rory Fitzgerald | Posted 03.28.2012
The light of democracy is being extinguished across the continent in which it was born. An unaccountable European elite is ignoring the basic principles of democracy and betraying the founding vision of the EU.
Nikolas Katsimpras | Posted 03.27.2012
No matter how inspiring the future European vision might be, the strategy towards it, unfortunately, bears neither fiscal nor social morality over the people. The domino effect has started from Greece.
AP | Posted 01.04.2012
LONDON -- Inflation in the 17 countries that use the euro eased moderately in December but still remains uncomfortably above the European Central Bank...
Joe Trippi | Posted 03.01.2012
As the end of 2011 neared, I looked at the Eurocrisis from a political perspective and concluded that the political system is incapable of solving the problem and probably will fail to do so. The markets will, sooner or later, figure this out.
AP | By DAVID McHUGH | Posted 12.29.2011
FRANKFURT, Germany -- After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solv...
AP | Posted 02.27.2012
NEW YORK — Fears that Europe's debt crisis is far from over pushed the euro to an 11 1/2-month low against the dollar Wednesday. The European C...
Posted 12.22.2011
LONDON (Reuters) - With governments laboring under too much debt and banks hobbled by too little capital, 2012 is shaping up as another year of ha...
The Huffington Post | Alexander Eichler | Posted 12.27.2011
The European sovereign debt crisis! It -- wait, come back. This is interesting, we promise. The debt crisis is one of the biggest stories of the year,...
John Fullerton | Posted 02.19.2012
All eyes are trained on Europe these days. I can't help but yearn for the day when financial markets and institutions are less interconnected and a lot more resilient. Whether such a system lies in the future is open to question.
Posted 12.13.2011
PARIS (Anna Maria Jakubek) - Europe must invest in jobs for young people despite the reigning climate of austerity or risk long-term consequences ...
Posted 12.12.2011
A European summit deal to strengthen budget discipline in the euro zone failed to restore financial market confidence on Monday, forcing the Europ...
Posted 12.11.2011
TEL AVIV (Tova Cohen and Ari Rabinovitch) - An agreement reached by European countries for deeper economic integration was a step in the right di...
Mohamed A. El-Erian | Posted 02.09.2012
European leaders still need to do a lot more, and quickly, if they are to catch up and get ahead of the crisis. Accordingly, and regrettably, the specter of volatility caused by European headlines will not recede for long.
AP | RAF CASERT | Posted 01.29.2012
BRUSSELS — Eurozone ministers sent Greece an euro8 billion ($10.7 billion) Christmas rescue package Tuesday to stem an immediate cash crisis yet...
Robert Kuttner | Posted 01.27.2012
All of the accounts of the current situation in Europe have some merit, yet all miss the deeper point. This crisis occurred because bankers and shadow bankers (such as the hedge funds that are betting against Europe's bonds) have too much power.
Jeffrey Rubin | Posted 01.23.2012
Record low interest rates and record high debt levels are a marriage that history tells us won't last long.
Posted 11.20.2011
WASHINGTON (Lesley Wroughton) - The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt cris...
Posted 11.20.2011
WASHINGTON (Mark Felsenthal) - When Lehman Brothers collapsed in 2008 and shattered the belief that U.S. money market funds would never "break the...
Reuters | Posted 05.29.2012