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European Economy

Have We Psyched Ourselves Into Permanent Low Growth?

Peter Hall | Posted 06.05.2013 | Business
Peter Hall

Four years later, sentiment is mired at recessionary levels, in spite of serious attempts to break free. Are we now psyched out, resigned to a gloomy future, or is there light at the end of this long, dark tunnel?

At Least We're Not Europe

The Huffington Post | Mark Gongloff | Posted 03.14.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Good News For European Banks

Reuters | Posted 04.20.2013 | Business

* German banks' use of ECB funds drops to 49.5 bln end-Jan * Banks from euro zone core pay back 3-yr loans early * Itali...

The Success of the Nordics: It's the Mindset, Stupid!

Erik Brattberg | Posted 02.11.2013 | World
Erik Brattberg

2013-02-11-ctrlogoreal.pngFortunately, Europe is not deemed to failure. If more European states would think and act like the Nordics, the narrative would be quite a different one.

The European German Crisis

The European Magazine | Posted 08.15.2012 | World
The European Magazine

I am presumably in the same position as most others: Neither do I fully understand what is happening, nor do I believe that those in power have a better grasp of it.

Spain's Bank Bailout Can't Save Europe

Michael Pento | Posted 08.14.2012 | Business
Michael Pento

After the euphoria from the Spanish bailout ends, look for sovereign bond yields to once again rise, along with credit default swaps on that debt, and for global markets to continue lower. There is simply no magic bullet or elixir that can save Europe from a tremendous amount of pain.

Rising National Security Risk in Europe

Daniel Wagner | Posted 06.12.2012 | World
Daniel Wagner

Unless Europe takes a good look in the mirror and honestly acknowledges that shoveling more money into a black hole is not, ultimately, the answer to its problems, it will slip further and further into the abyss.

Toward a Euro II Quarantine Zone?

Erwann Michel-Kerjan | Posted 08.08.2012 | World
Erwann Michel-Kerjan

What to do? Attack the problem at two levels: first, by recognizing the interdependencies across countries (the contamination effect) and acting upon them; second, by putting the sick patients in quarantine.

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.

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 will do whatever ...

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.

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...

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.

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...