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Europe Financial Crisis

Wait: What About Europe's Other Banking Crisis?!

Jozefien Willemen | Posted 01.23.2014 | Business
Jozefien Willemen

The European Banking crisis is old news. False. The Western European Banking crisis is old news. The crisis in "the banks of Europe" has not been fully covered.

Germany, France To Boost Economic Ties

AP | GEIR MOULSON | Posted 03.24.2013 | World

BERLIN — Germany and France will produce joint proposals on improving economic coordination in the European Union this spring, the countries' le...

A Good Theory

David Backus | Posted 01.29.2013 | Business
David Backus

Let's step back for a minute and think about Europe when we strip away the clutter. An economic theorist might view Europe as an illustration of what economists call "risk-sharing": activities that spread or share risk across individuals so that everyone bears only a small amount.

Strikes Sweep Europe To Protest Austerity

Reuters | Posted 01.14.2013 | World

* Police, protesters clash in Madrid; 81 arrests in Spain * Flights, trains cancelled, factories at standstill * Demonst...

Europe's Agony Could Become Our Future Under Mitt Romney

Richard (RJ) Eskow | Posted 12.25.2012 | Politics
Richard (RJ) Eskow

It takes a blind eye for history and a deaf ear for economics not to understand that Europe's agonies could soon become our own. And let's not forget: as bad as things are in Europe, they can always get worse.

European Central Bank Cuts Interest Rate To Record Low

AP | DAVID McHUGH | Posted 09.04.2012 | Business

FRANKFURT, Germany — The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little...

America's Blame Game

The European Magazine | Posted 09.01.2012 | World
The European Magazine

American politicians are keen to advise Europe's leaders on fiscal and economic policy. But why should Europe listen to those whose failed policies are at the root of the current problems?

Ideology Matters

Neil McCarthy | Posted 08.11.2012 | World
Neil McCarthy

Ideologies are magnets. They create force fields of group think so strong that few are able to resist.

Graphic: Reporter Brutally Attacked For Filming Mob Violence In Athens

The Huffington Post | Mark Hanrahan | Posted 06.08.2012 | Media

Gil Shefler, a reporter for the Israeli newspaper Jerusalem Post, was brutally attacked by a mob in Athens, Greece on Tuesday. According to the ne...

How Europe's Double Dip Could Become America's

Robert Reich | Posted 06.25.2012 | Business
Robert Reich

What's the problem with Europe? Don't blame it on the so-called "debt crisis." There was no debt crisis in Britain, for example, which is now experiencing its first double-dip recession since the 1970s. Blame it on austerity economics.

Europe Is Not a Lost Continent

Georges Ugeux | Posted 06.14.2012 | World
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.

How to Ascend After Declining?

Otaviano Canuto | Posted 04.24.2012 | World
Otaviano Canuto

Growth in emerging economies has exhibited strong resilience to the downward pull from advanced economies. However, its full potential can only be tapped if all boats are lifted.

Merkel's Chilling Vision of a Post-democratic Europe

Rory Fitzgerald | Posted 03.28.2012 | World
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.

S&P Downgrades Eurozone Bailout

AP | GABRIELE STEINHAUSER | Posted 03.17.2012 | Business

BRUSSELS — Rating agency Standard & Poor's said Monday it has downgraded the creditworthiness of the eurozone's rescue fund by one notch to AA+,...

Europe on the Brink

Robert Kuttner | Posted 01.27.2012 | Business
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.

Who Blinks First? Bad Bets in Europe and America

Charles Kolb | Posted 01.18.2012 | Business
Charles Kolb

America's future can be seen clearly in today's European crisis over sovereign debt. What is not clear is the path our country will take to resolve our own economic crisis.

Our Notion of Nations

Jeff Jarvis | Posted 01.14.2012 | World
Jeff Jarvis

Will we question the idea of what a nation is? Are Greece and Italy still sovereign nations when bankers can overthrow their governments and neighbors can dictate the terms of governance?

Fist Fight Breaks Out In Italian Parliament

Posted 12.27.2011 | World

It was a somewhat bizarre scene in Italy's parliament on Wednesday. Several of the country's deputies got into a heated fist fight during debates on p...

Europe on the Brink

Robert Kuttner | Posted 12.23.2011 | World
Robert Kuttner

The deepening European financial crisis is the direct result of the failure of Western leaders to fix the banking system during the first crisis that began in 2007. Barring a miracle of statesmanship, we are in for Financial Crisis II, and it will look more like a depression than a recession.

China Ramps Up Investment In Europe As Continent's Debt Crisis Deepens

Worldcrunch/Suddeutsche Zeitung | Markus Zydra and Marcel Grzanna | Posted 11.19.2011 | World

China is already America’s biggest creditor. Now it’s setting itself up as savior of the euro by buying government bonds and company shares. Just ...

Is Europe's Debt Crisis A "Lehman Moment" For America?

Reuters | Mohammed A. El-Erian | Posted 09.04.2011 | Business

With its high unemployment and stretched balance sheets, today’s US economy can ill-afford a negative shock from abroad. Yet, this is what it is exp...

How A Second Euro Could Save Europe

CNN Money | Cyrus Sanati | Posted 05.25.2011 | Business

The European sovereign debt crisis may be off the front pages while all eyes are on Egypt, but that doesn't mean its problems are any closer to being ...

Third World Europe

Bloomberg | Posted 05.25.2011 | Business

There will be many twists and turns as the Ireland debt crisis unfolds and there's a chance a resolution might just lead to Asia. Here's how I see it...

Europe Financial Defense Package: Agreement Reached On Massive Preemptive Bailout

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — A bold $1 trillion rescue by the European Union halted the slide of the euro on Monday and sent markets soaring worldwide in a gambit...

Fed Opens Line Of Credit To Europe

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on...