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Europe Recession

Will Russia Sanctions Push Europe Back into Recession?

Mohamed A. El-Erian | Posted 12.18.2014 | World
Mohamed A. El-Erian

Around 40 percent of Russia's trade is with Western Europe. Even if Russia fails to retaliate by itself imposing counter-sanctions -- an unrealistic assumption -- its weaker economy would quickly translate into lower sales by Western European companies to the world's eighth largest economy, as well as less certain input supplies from there.

Major Threat To Europe's Economic Recovery

AP | JORGE SAINZ and LORI HINNANT | Posted 12.08.2013 | World

PARIS — PARIS (AP) — Andrea Ortiz, a 24-year-old Spaniard, has degrees in law and business and works in a multinational clothing company — a...

Eurozone Recession Now Longest In Currency's History

AP | PAN PYLAS and SARAH DiLORENZO | Posted 07.15.2013 | Business

PARIS -- The eurozone is now in its longest ever recession – a stubborn slump that has surpassed even the calamity that hit the region in the fi...

Recession AGAIN?!

Reuters | Posted 01.14.2013 | Business

* Euro zone GDP falls 0.1 pct in third quarter * France, Germany rise 0.2 but Netherlands, Spain, Italy fall * Belgium ...

Eurozone's Hits Sad Milestone

AP | PAN PYLAS | Posted 12.31.2012 | Business

LONDON (AP) — Unemployment in the 17-country eurozone hit a record high of 11.6 percent in September, official figures showed Wednesday, a sign the ...

'A New Recession'

Reuters | Posted 11.30.2012 | Business

By Jonathan Cable LONDON, Oct 1 (Reuters) - Euro zone manufacturing put in its worst performance in the three months to September sinc...

Recession 'Taking Hold' In The Eurozone

AP | SARAH DiLORENZO | Posted 11.06.2012 | Business

PARIS (AP) — Europe's debt crisis is pushing the 17-country eurozone toward recession and dragging down the global economy, the Organization for Eco...

Not Even Germany Can Escape The Debt Crisis

Reuters | Posted 11.04.2012 | Business

LONDON, Sept 5 (Reuters) - The euro zone is likely to have slipped back into recession in the current quarter, according to a survey published on We...

The Jamaicanization of Europe

Mark Weisbrot | Posted 07.29.2012 | World
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.

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.

The Humiliating Cost of Progress in Greece

Thanos Dimadis | Posted 05.08.2012 | World
Thanos Dimadis

The Greek people should be afforded the security of knowing whether their country is on a steady path towards economic recovery. Nevertheless, no one is able to assure Greeks the crisis is averted.

For Italy, 2012 Looks Like A Recession Year

AP | FRANCES D'EMILIO | Posted 04.19.2012 | Business

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...

That's The Sound Of An Economy Shrinking

AP | By PAN PYLAS | Posted 04.16.2012 | Business

LONDON -- The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final thre...

Peter S. Goodman

Austerity Reigns At Davos | Peter S. Goodman | Posted 01.27.2012 | Business

DAVOS, Switzerland -- As much of the globe grapples with lean economic prospects, and as Europe in particular sinks toward a recession that could spre...

Analysis: Region Formerly Gorged On Debt Adjusting To Great Stagnation

Posted 12.22.2011 | Business

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 | Business

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,...

IMF Head: Global Economy Could Confront Great Depression-Style Threats

AP | By MARTIN CRUTSINGER | Posted 12.16.2011 | Business

WASHINGTON -- The head of the International Monetary Fund sketched a dim outlook for the global economy and said all countries must work together to r...

Federal Reserve Continues To Push Toward More Transparency

AP | MARTIN CRUTSINGER | Posted 02.11.2012 | Business

WASHINGTON — The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further s...

Eurozone Economy Sees Paltry Growth As Recession Fears Mount

AP | CARLO PIOVANO and PAN PYLAS | Posted 01.15.2012 | Business

LONDON — Europe appears headed for a recession – if it isn't in one already. Economic growth has all but stopped in Europe, statistics sh...

OECD: Europe Headed Toward Sharp Economic Slowdown

Posted 12.31.2011 | Business

The euro area is headed toward a sharp economic slowdown in 2012, with some countries set for negative growth, and failure to restore confidence i...

A Simple Solution for Europe

Patrick Takahashi | Posted 12.20.2011 | World
Patrick Takahashi

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

Top European Official: Region Needs To Make 'Quantum' Leap

AP | SARAH DiLORENZO | Posted 11.05.2011 | Business

PARIS — The eurozone needs a "quantum" leap toward economic integration, the incoming chief of the European Central Bank said Monday, as the bon...

Spanish Mortgage Defaulters Face Debt Nightmare

AP | DANIEL WOOLLS | Posted 09.09.2011 | Business

ALCALA DE HENARES, Spain -- Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare...

Germany, France Unexpectedly Return To Growth, Signaling End Of Europe's Recession | Posted 05.25.2011 | Business

The euro-region economy barely contracted in the second quarter as Germany and France unexpectedly returned to growth, suggesting Europe's worst reces...

European Economy To Shrink 4 Percent This Year, Predicts European Commission

BBC NEWS | Posted 05.25.2011 | World

EU economies will contract by 4% this year, the European Commission has forecast, in a massive revision from its earlier prediction....