Europe Economy

The Jamaicanization of Europe

Mark Weisbrot | Posted 05.29.2012

Read More: Eurozone Recession, Europe Recession, Europe Economy, Eurozone Debt, Jamaica Economy, Eurozone Economy, Europe Jamaica Economy, World News
Mark Weisbrot

Jamaica may seem worlds away from Eurozone countries, which are three or four times richer. But they face a common problem, and they could easily mimic the dismal economic performance that Jamaica has seen over the past 20 years.

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Escaping the Historical Parallels of European Economic Chaos

Peter Fox-Penner, PhD | Posted 05.22.2012

Read More: Financial Crisis, Germany, World War I, Treaty of Versailles, European Debt Crisis, G8 Summit, Europe Economy, World News
Peter Fox-Penner, PhD

Is no one else haunted by the thought that European economic history may be reflecting itself in the mirror?

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Austerity Offers Europe Their Only Hope

Michael Pento | Posted 05.17.2012

Read More: Keynesian Economics, Europe Economy, Keynesians, Austerity Measures, Austerity, Business News
Michael Pento

Blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before.

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

Jeffrey Rubin | Posted 05.09.2012

Read More: Oil Prices, European Debt Crisis, Greece Debt Crisis, Europe Economy, Eurozone, European Union, Europe Debt Crisis, World News
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.

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Oil Prices Fall For Sixth Straight Day

AP | CHRIS KAHN | Posted 05.09.2012

Read More: Crude Supplies, Oil Prices Down, Oil Prices Crude Supplies, Video, Europe Economy, Drop Oil Prices, Oil Prices, Business News

NEW YORK -- The price of oil fell Wednesday for a sixth day as the U.S. government reported that crude supplies are the highest in 22 years. Benchm...

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Europe's Post-Merkozy Gridlock

Rajan Menon | Posted 05.09.2012

Read More: Angela Merkel, European Debt Crisis, European Union, Europe Economy, Francois Hollande, Greece, Euro, Nicolas Sarkozy, Merkozy, World News
Rajan Menon

Germany can refuse to budge on austerity, but for how long if its remedies don't cure Europe's ailing economies?

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Eurozone Unemployment Hits Record High

AP | PAN PYLAS | Posted 05.02.2012

Read More: Video, Europe Unemployment Rate, European Economy, Europe Economy, Europe Austerity, Europe Unemployment, Eurozone Unemployment, European Austerity, Austerity, Business News

LONDON — The 17 countries that use the euro are facing the highest unemployment rates in the history of the currency as recession once again spr...

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Spain, a Housing Bubble and Who Knew What

Robert Teitelman | Posted 04.24.2012

Read More: Paul Krugman, Spain, Princeton University, Europe Economic Crisis, Eurozone, Spain Economic Crisis, Europe Economy, Spain Economy, Eurozone Debt Crisis, Housing Bubble, World News
Robert Teitelman

What was the situation in Spain? The construction bubble was widely recognized, discussed, worried over and even acted upon in the years before the bust.

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And You Thought The US Recovery Was Weak...

Reuters | Posted 05.28.2012

Read More: European Debt Crisis, Interest Rates, Video, Europe Economy, G7, Reuters, Federal Reserve, Monetary Policy, Central Banks, Euro Zone, Pier Carlo Padoan, Oecd, European Central Bank, Organisation for Economic Cooperation and Development, Business News

* Annualised G7 growth seen at 1.9 pct in Q1, Q2 * No rush for central banks to start tightening By Leigh Thomas ...

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For Italy, 2012 Looks Like A Recession Year

AP | FRANCES D'EMILIO | Posted 04.19.2012

Read More: Eurozone, Italian Bonds, Italy Recession, Italy, Eurozone Debt Crisis, Italian Banks, European Debt Crisis, Ignazio Visco, Europe Recession, World Economy, Video, Europe Economy, Italy 2012, Italy Banks, Europe, Ap, Business News

ROME (AP) — Italy's central bank chief on Saturday predicted that the eurozone's third-largest economy will see a return to growth next year, but he...

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Obama: Boosting European Growth Is Important 'To Our Economy Back Here'

Reuters | Posted 04.11.2012

Read More: European Debt Crisis, U.S. Economy, Video, Europe Economy, European Economy, Eurozone Crisis, Obama Europe, Reuters, Business News, Euro Crisis, Business News

WASHINGTON, Feb 9 (Reuters) - President Barack Obama assured Italian Prime Minister Mario Monti on Thursday that the United States w...

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Markets Balance Solvency, Growth and Liquidity

Mohamed A. El-Erian | Posted 03.29.2012

Read More: Europe Economy, European Debt Crisis, Global Economy, Bailouts, Investment Strategy, Federal Reserve, European Union, European Central Bank, Global Economic Crisis, World News
Mohamed A. El-Erian

The health of the global economy, and that of markets, depends on the success of a series of medium-term hand-offs between the public and private sectors -- in growth, balance sheets and credit flows.

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Wild Cards, Economic and Political

Robert Kuttner | Posted 03.16.2012

Read More: Europe Economy, Recovery, 2012 Presidential Election, Barack Obama, Economy, Republican Presidential Candidates, Oil Prices, Jobs, Election 2012, Politics News
Robert Kuttner

President Obama is exceptionally lucky when it comes to the weaknesses of the Republican field and its stunning penchant for mutually assured destruction.

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The European Debt Crisis: A Beginner's Guide

The Huffington Post | Alexander Eichler | Posted 12.27.2011

Read More: U.S. Economy, Eurozone, France, Europe Debt Crisis, Euro Debt Crisis, European Union, Ireland, Spain, Italy, Eurozone Debt Crisis, European Central Bank, Euro, European Debt Crisis, Europe Recession, European Debt Crisis Explained, World Economy, Video, Europe Economy, Wall Street, Greece, Germany, Eurozone Debt, Europe, Portugal, Business News

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,...

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Europe, America and the Leadership Question

Robert Teitelman | Posted 02.05.2012

Read More: America Democracy Economy, Europe Economy, Democracy Economy Europe, Financial Times Economy, Edward Luce Economy, Eurozone Economy, Europe Financial Leadership, World News
Robert Teitelman

The real problem here is not that American power is necessarily waning but that a very particular set of ideas has lost its power to convince.

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Stronger Growth Should Cushion U.S. Economy From Severe European Damage

Posted 11.30.2011

Read More: US Economy, Economist Forecast, US Growth, Video, Euro Zone Recession, Europe Economy, Financial Meltdown, American Economy, Business News

WASHINGTON (Stella Dawson) - A gradual broadening and strengthening of U.S. growth should cushion the American economy against severe damage from ...

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China As Savior or Predator in Europe?

Sophie Meunier | Posted 01.03.2012

Read More: Europe Economy, Europe, China Economy, China, Business News
Sophie Meunier

Will Chinese direct investment transform the political economy of Europe, and, if so, is this a real cause of concern for Europeans? Could Chinese investment threaten European unity?

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Greece's Choice -- And Ours: Democracy Or Finance?

Robert Reich | Posted 01.01.2012

Read More: Greece Budget Cuts, Europe Economy, Greece, Greece National Referendum, Greece-Greek-Debt-Crisis, Greece Austerity, Business News
Robert Reich

Greek PM George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.

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A Simple Solution for Europe

Patrick Takahashi | Posted 12.20.2011

Read More: Europe Recession, European Union Bailouts, EU Bailouts, Europe Economy, U.S. EU Economy, Greece Bailout, Europe Bailouts, EU Economy, European Union Economy, EU Greece Bailout, World News
Patrick Takahashi

While the EU will not disintegrate like the Soviet Union, all is not well and it's getting worse.

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Could Europe's Economic Crisis Sink Us?

The Daily Beast | ZACHARY KARABELL | Posted 11.13.2011

Read More: Europe Catastrophe, Greece Crisis, Europe Economy, Euro Crisis, Europe Debt Crisis, Business News

As Americans fixate on the battle for the Republican presidential nomination and the continuing travails of the U.S. economy, the real story in financ...

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Pity the Policymaker

Mohamed A. El-Erian | Posted 09.21.2011

Read More: Japan Economy, Deleveraging the Economy, Deleveraging, Europe Economy, US Federal Reserve, US Economy, Fiscal Policy, Foreign Policy, World News
Mohamed A. El-Erian

Six important issues speak to the problem for policymakers in Europe, the US, and Japan. First, all three economic areas are struggling with unsettling de-leveraging dynamics.

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George Soros: Country Leaving Euro Currency 'Probably Inevitable'

Posted 08.26.2011

Read More: George Soros, Soros Prediction 2011, Europe Economy, Soros Euro, European Union, Plan B, Billionaire, Eu, Vienna, Euro, Video, Business News

VIENNA - Billionaire investor George Soros thinks a country will eventually exit the euro zone and urged policymakers on Sunday to come up with a ...

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Spain's Unemployment Rate Hits New Eurozone Record

AP | By DANIEL WOOLLS | Posted 06.29.2011

Read More: Bank of Spain, Europe Economy, Unemployment Europe, Spain Economy, Unemployment Eu, Euro Zone, National Statistics Institute, Spain Unemployment, Business News

MADRID -- Spain's unemployment rate rose sharply to a new eurozone high of 21.3 percent in the first quarter of the year, with a record 4.9 million pe...

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U.S. Terror Warning Could Hurt Europe's Economy

AP | ALAN CLENDENNING and MATTHEW LEE | Posted 05.25.2011

Read More: Europe, Europe Terror Warning, Europe Terrorism, Terrorism Economy, Terror Economy, Terror Warning Impact, Europe Economy, World News

MADRID — A rare advisory for U.S. travelers to beware of potential terrorist threats in Europe drew American shrugs Sunday from Paris to Rome, b...

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Debt Crisis and Threat of Bankruptcy Encourages Europe To Create Greater Economic Reform

AP | DANIEL WOOLLS and COLLEEN BARRY | Posted 05.25.2011

Read More: European Debt Crisis, Europe Economy, Europe Debt Crisis, Economic Reform, Greece Debt Crisis, Economic Crisis, IMF Bailout, Imf, EU Debt Crisis, Eu, Business News

MADRID — In the ashes of Europe's debt crisis, some see the seeds of long-term hope. That's because the threat of bankruptcy is forcing governm...

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