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European Economy

Jump Ball!

Mark R. Kennedy | Posted 07.19.2012 | Politics
Mark R. Kennedy

With the primary season fading from memory, the first skirmishes of the general election are just beginning. At this point, it's too close to call.

Barter, Food, and Recession in Italy

Fabio Parasecoli | Posted 07.02.2012 | Home
Fabio Parasecoli

Many Italians might be forced to go back to the Mediterranean diet that their parents and grandparents were relieved to abandon during the decades of economic growth. It's unclear how these developments will affect the local food culture.

Eurozone Unemployment Hits Record High

AP | PAN PYLAS | Posted 07.02.2012 | Business

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...

Are Money Market Rates Poised for a Comeback?

Richard Barrington | Posted 06.10.2012 | Business
Richard Barrington

Is your money market account stuck in a rut? If so, you're not alone. Money market rates have been locked into a long and steady descent for a few years now. Finally, though, there are signs that this could change in the months ahead.

A Sermonette on Prediction and Its Discontents

Robert Teitelman | Posted 05.29.2012 | Business
Robert Teitelman

In the Financial Times, Stein Ringen, a professor of sociology at Oxford, takes a lash to forecasting-happy economists, this time over the eurozone. The column provides a lesson in how difficult it is to resist the allure of prediction and the appeal of the simple dichotomy.

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

Reuters | Posted 04.11.2012 | Business

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

The Hate-Europe Movement Hits a Snag

Steve Kettmann | Posted 03.21.2012 | Business
Steve Kettmann

No one should underestimate the severity of the crisis gripping the Euro zone. But press speculation on the euro's demise -- often with the tone that it was about to happen -- any second! -- has been more about media fashion than understanding of Europe.

Romney and His European Straw Dog

Edward Goldberg | Posted 03.13.2012 | Business
Edward Goldberg

For the Romney campaign, Europe has taken over from China as the punching boy that represents the foreign other. In reality, to say or suggest that Europe has nothing to do with the American economy or American job growth is to live in pre-globalized fantasy land.

Italian Prime Minister: No Nation Can Fight Debt Crisis Alone

AP | By FRANCES D'EMILIO | Posted 01.07.2012 | Business

ROME -- No European nation is strong enough to ride out the continent's debt crisis alone, Italy's new premier insisted Saturday, urging fellow EU mem...

Latest Eurozone Data 'Has Recession Written All Over It'

The Huffington Post | Bonnie Kavoussi | Posted 01.06.2012 | Business

The number of unemployed people in the eurozone reached its highest level since the creation of the euro in 1999, according to The Financial Times, st...

European Banks Take Shelter

The Huffington Post | Bonnie Kavoussi | Posted 12.30.2011 | Business

Despite their job description, European banks are shying away from lending, and it may be hurting the European economy. European banks parked a nea...

Not Even Close...

Tom Cooley | Posted 02.20.2012 | Business
Tom Cooley

Over the long term, governments must commit to credible non-discretionary rules of fiscal and financial behavior. Last week's agreement is just a start.

Bonnie Kavoussi

Borrowing Costs For Spain Rise, As European Crisis Grows | Bonnie Kavoussi | Posted 11.18.2011 | Business

As the eurozone crisis drags on, calls are growing louder for a big bailout from the European Central Bank. Yet the fate of the euro -- and possibly t...

Bonnie Kavoussi

Which States Would Be Hardest Hit By Europe? | Bonnie Kavoussi | Posted 11.14.2011 | Business

As fears grow that Europe will slip into a recession amid growing financial problems, some U.S. states are more at risk of feeling the repercussions o...

Bonnie Kavoussi

Europe Struggles To Expand Bailout Fund | Bonnie Kavoussi | Posted 01.11.2012 | Business

Two weeks after European leaders trumpeted an agreement to expand a bailout fund they said would finally become large enough to prevent major countrie...

Gloomy Forecast: IMF Cuts Estimate For U.S. Growth

AP | Posted 11.20.2011 | Business

WASHINGTON — The International Monetary Fund is sharply downgrading its outlook for the U.S. economy through 2012 because of weak growth and con...

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.

Endgame for the Euro

Dimitri B. Papadimitriou | Posted 11.18.2011 | World
Dimitri B. Papadimitriou

It's certainly not too early to ask: What would a post-euro Europe look like... and what are the alternatives?

Time for a Smaller and Stronger Eurozone

Mohamed A. El-Erian | Posted 11.17.2011 | World
Mohamed A. El-Erian

The time has come for the eurozone -- Germany and France in particular, but also Austria, Finland and the Netherlands -- to decide how they would like European integration to evolve; and they need to do so quickly.

Gold Prices Continue To Rise On Europe Economy Fears

AP | SANDY SHORE | Posted 10.16.2011 | Business

Gold prices moved higher Tuesday as concerns deepened about the slowing European economy. Economic growth in Germany and France barely budged in the ...

Notes of an Ex-Pat 1: View From the Bridge

W. Hunter Roberts | Posted 11.17.2011 | Healthy Living
W. Hunter Roberts

From my window I see sheets of ice floating down the Danube. It's mid-winter, and I am finally here in Budapest. Last week I went with a Hungarian law...

EU Set A Secret Group To Save The Euro

The Wall Street Journal | By MARCUS WALKER, CHARLES FORELLE and BRIAN BLACKSTONE | Posted 05.25.2011 | World

Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force--one so secret that they ...

Bankers Agree To New Global Rules Designed To Prevent Future Financial Crisis

AP | GREG KELLER | Posted 05.25.2011 | Business

BASEL, Switzerland — Banks will have to significantly increase their capital reserves under rules endorsed Sunday by the world's major central b...

Can Europe Save Itself?

New York Times | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

When Jean-Claude Trichet (head of the European Central Bank) and Dominique Strauss-Kahn (head of the International Monetary Fund) rushed to Berlin thi...

Fundamental Changes In European Financial Markets

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Most days we can coast along, confident that tomorrow will be much like yesterday. On a very few days we need to look hard at the news headlines, cli...