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European Economic Crisis

The Age of Vulnerability

Joseph E. Stiglitz | Posted 02.04.2015 | World
Joseph E. Stiglitz

It used to be thought that America's greatest strength was not its military power, but an economic system that was the envy of the world. But why would others seek to emulate an economic model by which a large proportion -- even a majority -- of the population has seen their income stagnate while incomes at the top have soared?

Where Is the Rule of the Troika Leading Greece?

Constantine Tzanos | Posted 01.27.2015 | World
Constantine Tzanos

Since 2010, Greece is under the rule of the Troika (IMF, European Commission [EC] , European Central Bank [ECB]), which rules under the terms of the ...

Who's in Worse Shape, Spain or Italy?

Moisés Naím | Posted 08.13.2012 | World
Moisés Naím

Spain or Italy: which one is worse off? Economically, Spain; politically, Italy. But since a bad political situation tends to hurt the economy, and a sick economy always poisons politics, the answer could easily be reversed.

Deciding Whether To Visit Greece Amid Economic Crisis

Rick Steves | Posted 08.12.2012 | Travel
Rick Steves

Americans are all about helping others and the citizens there have all taken a huge financial hit.

Economic Crisis, the "PIGS" and the European "Animal Farm"

Panagiotis Roilos | Posted 05.12.2012 | World
Panagiotis Roilos

According to René Girard, in periods of collective crisis the phenomenon of scapegoating flourishes. Today, the notorious "PIGS" (Portugal, Ireland or Italy, Greece, Spain), have become those animalized, "criminal" scapegoats.

Greece Is Better Off Outside the EU

Ilias Sourdis | Posted 07.01.2012 | World
Ilias Sourdis

Prices quoted on the Greek drachma, together with the tax-free or reduced tax environment, will result to adding more value to the holiday's budget -- therefore making Greece very affordable and overwhelmed with tourists from every part of the world.

Happy New Year! Now, Here Are a Few Things to Worry About

Jared Bernstein | Posted 03.02.2012 | Business
Jared Bernstein

I figure you'd want me to give it to you straight, starting out the new year by cataloging a few of the risk factors in play, economically speaking.

What the World Needs Now: An Economic Timeout

Erik Rasmussen | Posted 11.26.2011 | World
Erik Rasmussen

What could help save the world economy would be if the world's politicians eliminated quick-fixes and looked at the underlying reasons for why our current growth model isn't working.

Can China Save Europe?

Tom Devonshire | Posted 11.19.2011 | Business
Tom Devonshire

The Chinese could quite easily sort out Europe in one fell swoop. Why would China get involved in Europe's mess though? In short, it is not in China's interest for Europe to fail.

The Next Global Problem: Portugal

Economix | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

Next on the radar will be Portugal. This nation has largely missed the spotlight, if only because Greece spiraled downward. But both are economicall...

Romania Becomes Third Eastern EU Country To Be Bailed Out

The Guardian | David Gow | Posted 05.25.2011 | World

The European Union, IMF and World Bank today bailed out Romania with a €20bn (£18.5bn) loan in return for severe cuts in public spending and wages....