European Debt Crisis

WATCH: Krugman: 'We Are Not A Household. We Are An Economy'

The Huffington Post | Alexander Eichler | Posted 06.01.2012

Read More: European Debt Crisis, UK Austerity, U.S. Economy, American Austerity, UK Economy, Government Spending, Paul Krugman, Jon Moulton, Greece Austerity, Andrea Leadsom, Eurozone Austerity, Austerity, Video, Business News

For most Americans, a trip to London means drinking a few pints and maybe taking a picture of one of those guards with the hats. For Paul Krugman, it ...

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Do Something!

The Huffington Post | Mark Gongloff | Posted 06.01.2012

Read More: European Debt Crisis, Mark Gongloff Things to Know, Seven and a Half Things You Need to Know, Seven and a Half Things, 7 1/2 Things, Seven and a Half Things to Know, Europe, 7.5 Things, Things You Need to Know Today, Video, Business News

Thing One: Latter-Day Neros: Mario Draghi has had just about enough of European politicians fiddling while Europe burns. The European Central Bank ...

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Another IPO Fail

AP | The Associated Press | Posted 06.01.2012

Read More: European Debt Crisis, Dealogic, Formula One, Video, Formula One Ipo, Iinitial Public Offering, Ap, Global Stocks, Motorsport Franchise, Business News

Dealogic says motorsport franchise Formula One has delayed its estimated $2 billion initial public offering in Singapore, joining a slew of companies ...

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Eurozone Unemployment Rate Hits Record High

AP | Posted 06.01.2012

Read More: European Debt Crisis, Video, Eurozone Unemployment, Unemployment Rate, Austerity Measures, Eurosone, Ap, Bailouts, Business News

BRUSSELS (AP) — Unemployment across the 17 countries that use the euro stayed at 11 percent in April — the highest level since the single currency...

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Troubled Bank's Solution To Crisis? Spiderman

Reuters | Posted 05.31.2012

Read More: Bankia, Bankia Crisis, European Debt Crisis, Video, Spanish Debt Crisis, Eurozone Crisis, Bankia Spanish Bailout, Reuters, Bankia-Rescue-Funds, Business News, Bankia Spiderman Towels, Business News

MADRID, May 30 (Reuters) - Nationalised Spanish lender Bankia is offering a Spiderman towel to young investors as part of a drive to hold onto depos...

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IMF Chief, Who Doesn't Pay Taxes, Slams Greeks For Not Paying Taxes

The Huffington Post | Alexander Eichler | Posted 05.30.2012

Read More: European Debt Crisis, Video, Greece, International Monetary Fund, Greece Debt Crisis, Christine Lagarde, Imf, Greece Tax Evasion, Greek Debt Crisis, Christine Lagarde Imf, Christine Lagarde Taxes, Business News

IMF chief Christine Lagarde wants the people of Greece to pay their taxes. The problem? She doesn't really pay taxes herself. Last Friday, The Gua...

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Back On The Boil

The Huffington Post | Mark Gongloff | Posted 05.30.2012

Read More: European Debt Crisis, Video, Mark Gongloff Things to Know, Seven and a Half Things, Seven and a Half Things You Need to Know, Spain, Seven and a Half Things to Know, 7 1/2 Things, 7.5 Things, Europe, Things You Need to Know Today, Business News

Thing One: Europe, The Re-En-Crisising: That whistling sound you're hearing this morning is the European debt crisis coming once again to full boil. ...

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Austerity: 2011's Darling Becomes 2012's Pariah

Arianna Huffington | Posted 05.29.2012

Read More: European Debt Crisis, Eurozone, Greek Debt, Greece, Economy, Greece Debt Crisis, Mitt Romney, Angela Merkel, Greece Debt, Europe, Austerity Measures, Greek Debt Crisis, Greek Bailout, Stimulus, Greece Austerity, Austerity, Business News

There's a new scarlet letter in town. Actually, it's the same letter -- "A" -- but it stands for a different word that's increasingly regarded as shameful: Austerity. The darling idea of 2010 and 2011 has become the pariah concept of 2012. And the evidence of profound change is all around, from France and Greece to Germany and -- gasp -- the Republican Party. The change, when it comes to the conventional wisdom on austerity, has come from a combination of public pressure and leadership: one pushing up from below, the other pressing down from above. None of this means that we should break out the Keynesian champagne any time soon. But it's clear the forces of austerity are in retreat. And that's a very good thing.

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Report: Greeks Could Lose Half Their Income With Euro Exit

AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 05.30.2012

Read More: European Debt Crisis, Greece Crisis, Video, Eurozone-Grexit, Eurozone Crisis, Greece Euro Exit, Greece Debt Crisis, Business News, Greek Debt Crisis, Grexit, Business News

ATHENS, Greece — An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and i...

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My Proud Bankrupt Greek Soul

Ioannis Pappos | Posted 05.29.2012

Read More: European Debt Crisis, Europe, Greek Debt, Gay Greeks, Greek Debt Crisis, Ioannis Pappos, Greece, Gay Voices News

By 2010, I decided to spend some time writing in Greece. I had open accounts to settle there -- family, friends, closets. What I hadn't planned though was that it's hard to settle with the already bankrupt. I landed in a suicidal country itself deeply in the closet financially, morally, even sexually.

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How to Avoid the Austerity Trap But Still Deal With the Budget Deficit

Robert Reich | Posted 05.29.2012

Read More: European Debt Crisis, Eurozone, Budget Deficit, Europe, Federal Budget Deficit, Budget Cuts, Budget, Austerity, Debt Ceiling, Politics News

Here is a way for us to avoid the austerity trap that Europe has fallen into. And we get on with the long-term job of taming the budget deficit when the economy is healthy enough to do so.

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Greece and the Eurozone: Weakness Brings Power

Rajan Menon | Posted 05.28.2012

Read More: Angela Merkel, European Debt Crisis, European Union, Spain, Eurobonds, Greece, Germany, Greece Debt Crisis, Politics News

These issues doubtlessly need to be addressed, but what's notable is the sea change in the conversation. Ideas that were once off the table are now being taken up by EU governments and organizations and Euro pundits. The austerity discourse no longer dominates. Why?

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European Banks May Become More Vulnerable, Reliant On Taxpayer Money

Reuters | Posted 05.29.2012

Read More: European Debt Crisis, Bond Investors, Europe-Bank-Crisis, European Banks, European Banks Bond Investors, Video, Eurozone Crisis, Reuters, Business News, New Rules, Financial Regulation, Business News

* New regulation may repel staple investors * Bond buyers say rules will push up debt costs for banks By Sinead Cruise ...

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A Primer For European Bank Runs

Reuters | Posted 05.28.2012

Read More: European Debt Crisis, Video, Bank of England, Bbc, Reuters, Euro Zone, Banks, European Union, Northern Rock, Europe, Eu, Business News

* Northern Rock "run" was due to bank risk * Threat now is country risk * Currency risk another concern for bank deposit...

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The Leader Of The Future Comes From The Past

Chief Rabbi Lord Sacks | Posted 05.26.2012

Read More: Scripture Commentary, Judaism, Economy, Scripture Study, European Debt Crisis, Leadership, Economic Crisis, Religion News

f we are to negotiate the coming years safely, we may need a new kind of leadership. We need the rediscovery of an ancient kind of leadership that has rarely been given the prominence it deserves. I mean the leader as teacher.

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Euro at Risk of Falling to Bits Just Like Pieces of Eight

James Doran | Posted 05.25.2012

Read More: Euro, European Debt Crisis, Dollar Inflation, Euro Inflation, Inflation Crisis, Euro Debt Crisis, Money News

Those who rely upon currency must have faith that the institution that prints it has the wherewithal to meet all those promises. It is amazing, then, that the euro hasn't entirely evaporated.

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Bad News For Spanish Banks

Reuters | Posted 05.25.2012

Read More: European Debt Crisis, Bankia, S&p Downgrade, Video, Spanish Debt Crisis, S&P Downgrades, S&p Downgrades Bankia, Reuters, Business News, Spanish Banks, Business News

(Adds details and background) NEW YORK, May 25 (Reuters) - Ratings agency Standard & Poor's cut the ratings on five Spanish banks ...

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Greece Euro Exit Looms, Europe Fiddles

The Huffington Post | Mark Gongloff | Posted 05.24.2012

Read More: European Debt Crisis, Video, Eurozone Greek Exit, Greece, Euro Zone, Europe, Greek Debt Crisis, Greek Exit, Greek Exit Euro Zone, Euro, Grexit, Business News

Europe and Greece are at the stage in their stormy marriage where they are consulting with divorce lawyers. And we may all feel the pain of their brea...

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The World's Wealthiest Man Is Taking Advantage Of Europe's Woes

The Huffington Post | Harry Bradford | Posted 05.24.2012

Read More: Carlos Slim Depit, European Debt Crisis, George Soros, Video, America Movil, Royal Kpn, America Movil Europe, Warren Buffett, Carlos Slim, Carlos Slim Europe, Business News

Some are finding a silver lining in Europe's economic crisis. The world’s richest man, billionaire Mexican investor Carlos Slim is reportedly att...

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Euro Breakup Ahead

The Huffington Post | Mark Gongloff | Posted 05.24.2012

Read More: European Debt Crisis, Video, Mark Gongloff Things to Know, Seven and a Half Things, Seven and a Half Things You Need to Know, Greece, Seven and a Half Things to Know, Greek Debt Crisis, 7.5 Things, Europe, Business News

Thing One: Preparing For Divorce: Europe and Greece are at the stage in their stormy marriage where they are consulting with divorce lawyers. And we m...

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Dow On Pace For Lowest Close Of 2012, Thanks To Greece

The Huffington Post | Mark Gongloff | Posted 05.23.2012

Read More: European Debt Crisis, Video, Greece, Dow Industrials, Wall Street, Stocks, Bonds, Stock Market, Dow Jones Industrial Average, Euro, Business News

U.S. stocks are headed for their worst day in six weeks, while the euro is at its lowest level in nearly two years, as markets freak out about the pro...

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Eurozone Officials Tell Members To Make Plans In Case Of Greek Exit

Reuters | Posted 05.23.2012

Read More: European Debt Crisis, Eurozone, Eurozone Greek Exit, Eurozone Grexit, Eurozone Crisis, Greek-Exit, Reuters, Business News, Grexit, Business News

* Eurozone officials call for Greek exit contingency planning * Bundesbank says scenario would be "manageable" * Euro z...

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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

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

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Austerity Isn't Working

Matt Browne | Posted 05.22.2012

Read More: European Debt Crisis, European Union, Francois Hollande, Barack Obama, Austerity, Financial Crisis, Global Financial Crisis, Austerity Measures, Europe, World News

Austerity Isn't Working's goal is to illustrate the human cost of austerity, compile the growing economic evidence that austerity isn't working, and promote fresh ideas designed to shape a fiscally responsible, pro-European, pro-growth response to the crisis.

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Japan Downgraded

Reuters | Posted 05.23.2012

Read More: European Debt Crisis, Debt, Fitch Credit Rating, Video, Credit Downgrade, Standard and Poor's, Currency Rating, Reuters, Japan, Credit Rating, Moody's, Business News

* Yen weakens after Fitch downgrade, move seen brief * Fitch warns further downgrades possible * Says Japan's debt plan ...

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