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Europe Debt

Top EU Leader On Greece Talks: 'We Need Pragmatic Solutions, Not Big Debates'

The Huffington Post | Nick Robins-Early | Posted 06.24.2015 | World

European Parliament President Martin Schulz said Wednesday that creditors have made offers to the Greek government that should result in an acceptable...

The Cure for Europe: A Public Option for Money and a Public Bank

Scott Baker | Posted 01.27.2013 | World
Scott Baker

Europe is a different case from other countries, since they have nothing close to monetary sovereignty, and they are completely reliant on an international, stateless European Central Bank, that is, for now, mostly controlled by Germany.

Euro Exports Up as Austerity Drives Real Terms of Trade Down

Warren Mosler | Posted 10.20.2012 | Business
Warren Mosler

The ECB doing 'whatever it takes' which means conditional funding to sustain solvency while keeping fiscal 'overly tight' is extremely euro friendly, which fulfills the ECB's single mandate. And very unfriendly to 99% of the people who live there.

The Eurozone Crisis Is Back and We Are All in Its Crosshairs

Robert J. Shapiro | Posted 09.30.2012 | World
Robert J. Shapiro

Once again, the Eurozone debt crisis threatens to suck the oxygen out of the global economy. In the end, our election may well turn on events entirely beyond the influence or control of either President Obama or former Governor Romney.

The Diminishing Returns of Europe's Bailouts

Richard Barrington | Posted 08.20.2012 | Business
Richard Barrington

By extending credit to Spain's banks, Europe helped stave off the immediate threat of a run on those institutions. However, with its 24 percent unemployment rate, Spain has problems that won't be solved by a quick extension of credit.

EU Financial Tug of War and the Greek Catalyst

Nikolas Katsimpras | Posted 03.27.2012 | World
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.

Rod Kurtz

How Is The European Debt Crisis Affecting Your Business? | Rod Kurtz | Posted 01.10.2012 | Small Business

Main Street can feel pretty far away from, say, the piazzas of Rome and the platias of Athens. But the recent political and economic turmoil in Italy,...

Greek Debt Crisis Worsens: Prime Minister George Papandreou Admits Another €110 Billion Needed To Prevent Default

Sheldon Filger | Posted 08.21.2011 | Business
Sheldon Filger

I was not alone in being skeptical as the first European/IMF bailout package was cobbled together last year when the Greek sovereign debt crisis first...

The Debt Problems Of The European Periphery | Posted 05.25.2011 | Business

Last week's renewed anxiety over bond market collapse in Europe's periphery should come as no surprise.  Greece's EU/IMF program heaps more public de...

Plato's Bankrupt Republic

Neil K. Shenai | Posted 05.25.2011 | Business
Neil K. Shenai

The EU is doing what it does best, deliberating about a future course of action. They would be wise to heed some earlier lessons from the American financial crisis that became apparent with hindsight.