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European Recession

1 Country's Austerity Obsession Could Take Down The Global Economy

The Huffington Post | Mark Gongloff | Posted 11.05.2014 | Business

Austerity is the opposite of the gift that keeps on giving: It just keeps taking and taking. Germany, the world's homeland for austerity obsession,...

Europe's Austerity-Fueled Depression Keeps Getting Worse

The Huffington Post | Mark Gongloff | Posted 09.04.2014 | Business

Europe's central bank just slashed interest rates and launched emergency stimulus measures -- but six years too late, and not enough to counter the au...

Austerity Is Not the Answer for the Eurozone

Iván H. Ayala | Posted 02.08.2014 | Impact
Iván H. Ayala

The reality is that the "austerity," imposed by elites and governments, has led us to an untenable macroeconomic situation.

Eurozone Countries Still Struggling As Recession Technically Ends

AP | DAVID McHUGH | Posted 10.14.2013 | Business

FRANKFURT, Germany — Europe's recession is over, thanks to second-quarter growth in big countries Germany and France and an improvement in some ...

Eurozone's Longest-Ever Recession Comes To An End

AP | By ALAN CLENDENNING and PAN PYLAS | Posted 10.14.2013 | Business

MADRID (AP) — Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: I...

Eurozone Unemployment Drops For First Time In Two Years

AP | Posted 07.31.2013 | Business

BRUSSELS -- Further evidence emerged Wednesday that the eurozone economy is on the mend after struggling with a recession that's seen unemployment edg...

The Problem That's Ravaging Italy

Reuters | Posted 07.22.2013 | Business

* Recession has lasted almost two years * 8.6 mln live in seriously deprived families -ISTAT ROME, May 22 (Reuters) - Mi...

Mark Gongloff

ECB Rate Cut Is Too Little, Too Late

HuffingtonPost.com | Mark Gongloff | Posted 05.02.2013 | Business

European policy makers have rushed to the aid of their lifeless economy, cutting interest rates and promising that more help is on the way. Too bad th...

FRANCE: 'If You Want to Work, You'll Find Work...'

Annick Mauriange | Posted 05.29.2013 | World
Annick Mauriange

2013-03-25-EN_blog_international_spotlight_02.pngFalse. If you're happy finding a job as a street sweeper or laborer, of course, it's possible to find work. Try telling that to an unemployed engineer. Or me, who is seeking a job in communications.

Global Trade Grinds To A Halt

The Huffington Post | Mark Gongloff | Posted 10.01.2012 | Business

Thing One: Importing Recession: This economy would be great if it wasn't for the customers. The U.S. economy may be a sputtering depression factory...

Recession 'Taking Hold' In The Eurozone

AP | SARAH DiLORENZO | Posted 11.06.2012 | Business

PARIS (AP) — Europe's debt crisis is pushing the 17-country eurozone toward recession and dragging down the global economy, the Organization for Eco...

Europe's Banks Versus European Democracy

Robert Kuttner | Posted 06.29.2012 | Business
Robert Kuttner

Germany profits because the more that financial markets flee from the bonds of other nations, the more money pours into German government bunds, reducing German costs of borrowing. So, what is to be done? If Hollande is elected President of France next week and attempts to pursue a growth policy in one country, as President Francois Mitterrand tried in the 1980s, he will be punished both by money markets and by other leaders. When Mitterrand tried expansion in one country, the result was capital flight and pressure against the franc. In those years, currencies were vulnerable to conservative financial pressures. Today, with a single European currency, it's government bonds that are under attack. But it's the same story.

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.

On Its Tenth Anniversary, Euro Takes Blame For Struggling Economy

AP | By SARAH DiLORENZO | Posted 12.30.2011 | Business

PARIS -- Just three years ago, the euro was being praised as the can-do currency that had delivered unprecedented prosperity in Europe. Now, it's wid...

U.S. Economy To Be 'Better Story' In Gloomy Global Economy

Posted 12.23.2011 | Business

The U.S. economy is gaining momentum and should push through next year with only a few bruises despite an almost certain European recession and sl...

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 ...

Germany, France Unexpectedly Return To Growth, Signaling End Of Europe's Recession

Bloomberg.com | Posted 05.25.2011 | Business

The euro-region economy barely contracted in the second quarter as Germany and France unexpectedly returned to growth, suggesting Europe's worst reces...