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European Financial Crisis

A Finance Minister Who Helped Start The Euro Now Wants To Abandon It

AP | Posted 07.06.2013 | Business

BERLIN — The leftwing opposition politician who was Germany's finance minister when the euro was adopted says it's time to think about abandonin...

Eleazar David Melendez

The Next Cyprus? This Tiny Country Of 2 Million Could Be The Next Bailout Contender | Eleazar David Melendez | Posted 04.12.2013 | Business

In the ongoing European financial crisis, another country has emerged as the focus of serious bailout concern. Slovenia is spooking global markets tha...

Eurozone Unemployment Reaches Record High

AP | PAN PYLAS | Posted 06.02.2013 | Business

LONDON — The eurozone economy has passed another bleak milestone. Official figures Tuesday showed that unemployment across the 17 European Unio...

A Good Theory

David Backus | Posted 01.29.2013 | Business
David Backus

Let's step back for a minute and think about Europe when we strip away the clutter. An economic theorist might view Europe as an illustration of what economists call "risk-sharing": activities that spread or share risk across individuals so that everyone bears only a small amount.

Why Is the European Union Haunted by Its Rejection of Turkey?

Zaman Stanizai | Posted 09.08.2012 | World
Zaman Stanizai

What lies at the heart of Greece's insolvency, Europe's economic woes and, by extension, the global economic crisis is the scuttling of the admission process into the European Union.

Dow Drops All Of 2012 Gains

Reuters | Posted 08.01.2012 | Business

* May payrolls report well short of expectations * China PMI falls, adding to global growth fears * Mining stocks rare g...

Laid-Off Factory Worker In Greece Shoots His Former Boss

Reuters | Posted 05.04.2012 | Business

By Renee Maltezou and Deepa Babington KOMOTINI, Greece, March 4 (Reuters) - After more than 30 years as a factory worker, Dimitris Man...

Bonnie Kavoussi

What Will It Take For Investors To End The Euro Crisis? | Bonnie Kavoussi | Posted 01.19.2012 | Business

What exactly do investors want from Europe? The question is far from trivial. Without private investors buying up the bonds of troubled European co...

Swiss Central Bank Chief To Break Silence Over Insider Deals

AP | FRANK JORDANS | Posted 03.06.2012 | Business

ZURICH — The Swiss National Bank chief denied any wrongdoing Thursday and said he had no plans to resign over private currency deals that produc...

This Time Really Is Different (Is the Money There for Europe and the Rest of the World?)

Nancy Birdsall | Posted 01.18.2012 | World
Nancy Birdsall

This is a joint post with Amar Bhattacharya of the G-24. It is more obvious every day that Europe cannot save itself. A meltdown in Europe would not ...

Greece Nears Moment Of Truth On Debt Crisis

The New York Times | Posted 11.18.2011 | World

Europe appeared to be lurching toward a moment of decision in its sovereign debt crisis Sunday, as Greece struggled to meet conditions for additional...

'Cheap Money Has Failed'

Bloomberg | Karl Heinz Daeke | Posted 11.16.2011 | Business

When will politicians finally accept that their ideology of cheap money has failed? A low-interest-rate policy after the dot-com frenzy encouraged ...

Financial Crisis: For the GOP, It's All So E-Z

Rick Horowitz | Posted 10.11.2011 | Comedy
Rick Horowitz

Republican National Committee (RNC) Chairman Reince Priebus has released the following statement concerning the continuing and dangerous deterioration of the U.S. economy.

Is Europe's Debt Crisis A "Lehman Moment" For America?

Reuters | Mohammed A. El-Erian | Posted 09.04.2011 | Business

With its high unemployment and stretched balance sheets, today’s US economy can ill-afford a negative shock from abroad. Yet, this is what it is exp...

WATCH: Gordon Brown To Jon Stewart

The Huffington Post | Posted 05.25.2011 | Books

Gordon Brown, former Prime Minister of the United Kingdom during the global economic crisis of 2008, told Jon Stewart last night: "You've got to under...

The Eurozone Endgame: Four Scenarios | Posted 05.25.2011 | Business

In the aftermath of the Irish bailout, the German proposal for a future sovereign and/or senior bank debt restructuring mechanism within the eurozone ...

Ireland Financial Crisis: The Very Bad Luck Of The Irish

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

With the European Central Bank announcing that it has bought more than $20 billion of mostly high-risk euro zone government debt in one week, its new ...

Geithner: European Reforms Would Harm U.S. Interests

The Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Treasury Secretary Tim Geithner has cautioned the European Commission about its latest attempts at financial regulation, warning that American banks, ...

Cleaning up Greece's Augean Stable

Eric Margolis | Posted 05.25.2011 | World
Eric Margolis

Greece's financial mismanagement risks igniting the biggest financial crisis since the Dubai crisis, or even the collapse of New York's Lehman Brothers bank in 2008.

Iceland's Crisis: What Went Wrong?

Vanity Fair | Michael Lewis | Posted 05.25.2011 | World

Just after October 6, 2008, when Iceland effectively went bust, I spoke to a man at the International Monetary Fund who had been flown in to Reykjaví...