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European Sovereign Debt Crisis

Cyprus To Keep Banks Closed Until Next Week At The Earliest

Reuters | Posted 05.20.2013 | Business

NICOSIA/MOSCOW (Reuters) - Cyprus extended a bank lockdown to next week and considered nationalizing pension funds on Wednesday, scrambling to avert a...

The Real Economics of the Fiscal Cliff

Robert J. Shapiro | Posted 12.13.2012 | Politics
Robert J. Shapiro

The European sovereign debt crisis remains a serious threat, but not because a collapse of Greek, Spanish or Italian debt would infect confidence in U.S. Treasuries. The real issue is that such a crisis would threaten the solvency of many major French and German banks.

Graphic: Reporter Brutally Attacked For Filming Mob Violence In Athens

The Huffington Post | Mark Hanrahan | Posted 06.08.2012 | Media

Gil Shefler, a reporter for the Israeli newspaper Jerusalem Post, was brutally attacked by a mob in Athens, Greece on Tuesday. According to the ne...

To Save the Euro, a Eurozone Bad Bank Is Urgently Needed

Ismail Erturk | Posted 08.08.2012 | World
Ismail Erturk

The dangerously evolving Spanish banking problem should now ring alarm bells in the EU and the UK. It is time to recognize that the eurozone has a banking crisis that is bigger than the sovereign debt problem.

Greece: Still Going Broke, Now With Bullwhips

The Huffington Post | Mark Gongloff | Posted 08.06.2012 | Business

If you could rely on anything in the past couple of years, it is that Greece is always going broke. Now it turns out that Greece is going broke faster...

Spain On The Brink

Reuters | Posted 08.05.2012 | Business

* Treasury minister says risk premium shows Spain shut out * Says Spanish banks should get European capital boost * Germ...

Hedge Fund Legend's Latest Bet

The Huffington Post | D.M. Levine | Posted 04.17.2012 | Business

John Paulson, the hedge fund manager who made billions betting against the U.S. mortgage market in 2007, has found something new to bet against. P...

Oh, Look, Europe Is On Fire Again

The Huffington Post | Mark Gongloff | Posted 03.29.2012 | Business

Oh boy, here comes yet another flare-up in the European debt crisis -- which, unlike an "Anchorman" sequel, nobody wants to see. It hasn't even bee...

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...

Hey Greece, Forget The EU, The Internet Is Coming To Your Rescue

The Huffington Post | Bonnie Kavoussi | Posted 03.02.2012 | Business

Greek protesters, European finance ministers, and central bankers: you can go back home now. Financial markets, rest easy. Greece has been saved. Sort...

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...

Bonnie Kavoussi

Fears Of Italy Default Grow As Borrowing Costs Rise | Bonnie Kavoussi | Posted 01.09.2012 | Business

Market confidence in Italy's ability to pay its bills faded quickly on Wednesday, and experts warn that fears of Italian default could weigh heavily o...

Sarkozy To British PM: 'Shut Up'

The Huffington Post | Bonnie Kavoussi | Posted 12.24.2011 | Business

Feeling the pressure to act decisively in order to avert regional disaster, European leaders are becoming increasingly testy. French President Nico...

German Central Bank Head: Repeatedly Expanding Bailout Fund Won't Solve Crisis

Posted 12.22.2011 | Business

BERLIN (Reuters) - Bundesbank president Jens Weidmann said in a newspaper interview released on Saturday that repeatedly expanding the euro zone rescu...

Bonnie Kavoussi

Former U.K. Prime Minister On How To Escape Global Economic Downturn | Bonnie Kavoussi | Posted 12.19.2011 | Business

The world's major economies are increasingly vulnerable to falling into a global economic downturn unless they can swiftly coalesce to patch up a tatt...

Could Europe Provoke a World Crisis?

Georges Ugeux | Posted 10.24.2011 | Business
Georges Ugeux

Europe's debt crisis and its responsibility for the U.S. market decrease has made me wonder: Could a worsening of the European crisis drag the United States and the world into a catastrophe worse than the 2008 collapse of Lehman Brothers?

Deja Vu All Over Again

Robert Zevin | Posted 10.09.2011 | Business
Robert Zevin

Many people are worried about the recent sharp declines in stock markets around the world along with increasing turmoil in other markets and ominous i...

Greek Finance Minister Presents Austerity Plan

Associated Press | Elena Becatoros | Posted 08.24.2011 | Business

ATHENS, Greece (AP) -- Greece's finance minister presented details of harsh spending cuts and tax hikes to a parliamentary committee on Friday, after ...

Oil Prices Hit Four-Month Low Amid European Crisis

Posted 08.20.2011 | Business

LONDON (Zaida Espana) - Crude oil prices fell by more than $1 on Monday, extending last week's losses, with risk aversion rising after euro zone finan...

Is Ireland on the Brink of Economic Collapse?

Sheldon Filger | Posted 05.25.2011 | World
Sheldon Filger

Ireland's sovereign debt crisis is now clearly of catastrophic proportions, and the Irish nation is facing the very real danger of a sustained economic implosion.

Japan: Land of the Rising Debt

Vitaliy N. Katsenelson | Posted 05.25.2011 | World
Vitaliy N. Katsenelson

Investors are scared of the sovereign debt crisis unfolding in Europe. However, they are ignoring a more likely and significantly larger debt catastrophe that is about to hit the second-largest economy in the world -- Japan.