Europe Debt Crisis

'It's Better To Be Safe Than Sorry'

Reuters | Posted 05.29.2012

By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...

EU Holds Debt Crisis Summit

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...

How The Super-Rich Are Suffering From Europe's Economic Crisis

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) - ...

Economic Crisis, the "PIGS" and the European "Animal Farm"

Panagiotis Roilos | Posted 05.12.2012

Panagiotis Roilos

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.

German Official: Without Austerity, Greece 'Financial Aid Falls Away'

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...

Without Growth, There's Only One Ending to Euro Debt Crisis

Jeffrey Rubin | Posted 05.09.2012

Jeffrey Rubin

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.

Europe Is Not a Lost Continent

Georges Ugeux | Posted 04.14.2012

Georges Ugeux

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.

Merkel's Chilling Vision of a Post-democratic Europe

Rory Fitzgerald | Posted 03.28.2012

Rory Fitzgerald

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.

EU Financial Tug of War and the Greek Catalyst

Nikolas Katsimpras | Posted 03.27.2012

Nikolas Katsimpras

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.

Eurozone Inflation Eased Last Month, But Still Remains Uncomfortably High

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...

2012: The Year Europe May Prove Politics and Economics Are the Same -- and Broken

Joe Trippi | Posted 03.01.2012

Joe Trippi

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.

After Rough 2011, Eurozone Faces Headwinds In 2012

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...

Euro Drops To 11-Month Low On Debt Crisis Fears

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...

Analysis: Region Formerly Gorged On Debt Adjusting To Great Stagnation

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 European Debt Crisis: A Beginner's Guide

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,...

Getting Serious About the Euro

John Fullerton | Posted 02.19.2012

John Fullerton

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.

OECD: Europe Must Act To Stop Youth Jobs Crisis

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 ...

Markets Still Wary After EU Deal

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...

IMF: Eurozone Agrement Only Partial Solution To Debt Crisis

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...

Neither a Quick Nor Comprehensive European Fix

Mohamed A. El-Erian | Posted 02.09.2012

Mohamed A. El-Erian

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.

Eurozone Officials Meet In Bid To Save Currency, As U.S. Pressure Mounts

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...

Europe on the Brink

Robert Kuttner | Posted 01.27.2012

Robert Kuttner

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.

U.S. Treasuries No Sanctuary From Europe's Debt Problems

Jeffrey Rubin | Posted 01.23.2012

Jeffrey Rubin

Record low interest rates and record high debt levels are a marriage that history tells us won't last long.

IMF Playing Larger Role In Addressing Europe Debt Crisis

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...

European Debt Crisis Threatens U.S. Money Market Funds

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...