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Eurozone Crisis

Greece Says It Needs Bailout Deal By The End Of May

AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 05.18.2015 | World

ATHENS, Greece (AP) — Greek Finance Minister Yanis Varoufakis said Monday that he expects an agreement with bailout creditors within the next week, ...

Why Europeans Are Trying to Burn Down Their Central Bank

Mark Dawson | Posted 04.13.2015 | World
Mark Dawson

BERLIN -- Great crises often produce enduring images. For the Israeli-Palestinian conflict, this has often been a terrified child cowering behind protective parents; for 9/11 it was brave firemen rushing headlong into collapsing buildings. Last month saw what could become one of the lasting images of Europe's unending crisis: the sight of burning cars and buildings after riots outside the European Central Bank.

Greek Defense Minister: If Greece Leaves Eurozone, Spain And Italy Would Be Next

Reuters | Posted 03.13.2015 | World

BERLIN, March 14 (Reuters) - If Greece were to leave the eurozone, Spain and Italy would also end up quitting the common currency bloc, Greek Defense ...

Looking Back at Tsipras's Lost Opportunities and Forward to Greece's Future

Kyriakos Mitskotakis | Posted 04.30.2015 | World
Kyriakos Mitskotakis

Europe, now more than ever, needs a persuasive alternative to counter the German insistence on austerity. Instead, Tsipras decided to partake in some shadowboxing for the viewing pleasure of the Greek public.

Why Stupid Politics Is the Cause of Our Economic Problems

Joseph E. Stiglitz | Posted 03.28.2015 | World
Joseph E. Stiglitz

The near-global stagnation witnessed in 2014 is man-made. It is the result of politics and policies in several major economies -- politics and policies that choked off demand. In the absence of demand, investment and jobs will fail to materialize. It is that simple.

7 Key Points to Understanding the Greek Elections

Pavlos Tsimas | Posted 03.24.2015 | World
Pavlos Tsimas

The upcoming elections in Greece are undeniably a global event, whose importance transcends Greece's borders.

7 Keys to Understanding the Greek Elections

Παύλος Τσίμας | Posted 03.24.2015 | World
Παύλος Τσίμας

The upcoming elections in Greece are undeniably a global event, whose importance transcends Greece's borders.

Greece Is the Word (Again)

Roger D Barris | Posted 03.07.2015 | Business
Roger D Barris

This situation bears watching. Although the financial contagion may be contained, with the rise of anti-EU parties throughout Europe, the political spillover may be large.

Why Early Elections Aren't a Risk for Greece

Thanos Dimadis | Posted 02.18.2015 | World
Thanos Dimadis

Some analysts predict that the current political instability in Greece is going to drag the country back into a new tragedy of uncertainty, economic meltdown and a Grexit potentially.

My Late Loveletter to Europe

Anne Biging | Posted 07.23.2014 | World
Anne Biging

The complexity and opportunity of the crisis around the Euro turned me on in a way that I knew: I really want this Europe!

European Union 2014: Another Chapter in the "Dis-Integration" of the EU?

John Sydney Hopkins | Posted 07.18.2014 | Business
John Sydney Hopkins

The political risks of the EU are currently understated by financial integration measures. 2014 is likely the year of EU political fragmentation and will be evidenced in the European Parliament elections to some degree, and will increase as the debate over the future of EU policy broadens.

Europe's Boom Cities Are Still Busted

Max Holleran | Posted 04.30.2014 | World
Max Holleran

The recent attempts to praise Ireland and Spain's new independence from EU lending is a wry little piece of magical thinking. The empty properties left from the hubris of the boom litter many of Europe's most troubled cities, where unemployment is the new normal.

How Europe Can Escape the Austerity Trap

Jacques Attali | Posted 04.16.2014 | World
Jacques Attali

europeunemployment.jpg It will become clear sooner rather than later that the present rigorous and painful course of austerity will not on its own solve the specific problems that European citizens face in their lives.

Here's What Europe's Business Leaders Could Teach America

The Huffington Post | Jillian Berman | Posted 01.25.2014 | Business

European corporate titans are calling on policy makers to do more to boost the region’s struggling economy. And unlike their counterparts in the U.S...

Why the European Economy Has Done So Much Worse Than That of the United States

Mark Weisbrot | Posted 03.18.2014 | Politics
Mark Weisbrot

How are we to explain these differences? The United States was, after all, the epicenter of the world financial crisis and recession in 2008. But U.S policy-makers responded to the recession with different policies. Most important was monetary policy.

Weidmann at Harvard: The Sovereign-Banking Nexus

Luka Orešković | Posted 02.05.2014 | Business
Luka Orešković

Weidmann's "separatist" view clearly stems from the German concept of highly independent central banking, assuring price stability rather than trying to target other problems and ensure macroeconomic stability.

Another Sign The Eurozone Is Seriously Struggling

Reuters | Posted 01.23.2014 | Business

* S&P says French reform efforts insufficient to raise growth * Market reaction to downgrade muted * Government com...

Spending Your Vacation Worried About Work?

Vanessa Andris | Posted 10.20.2013 | Business
Vanessa Andris

Finally, vacation time. Rest, relaxation... or time off when worries about work drive you even crazier than usual?

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...

Muslims and Neo-Nazis in Athens: Halting the Descent Into Darkness

Frankie Martin | Posted 09.28.2013 | World
Frankie Martin

A battle is on to define Greek identity that has ramifications for the rest of Europe. Greeks and their friends in Europe, the United States, and elsewhere must do all they can to promote pluralism and protect the rule of law, which are the requirements for a modern and progressive society.

Jason Linkins

The German Dictionary Has A New Fun Word | Jason Linkins | Posted 07.05.2013 | Politics

In some of the best possible news for Germany, that nation's daily newspaper, Die Welt, reports, "Das Wort 'Shitstorm' hat nun einen Platz im Duden." ...

Eurozone Unemployment Hits All-Time High Again

AP | PAN PYLAS | Posted 08.31.2013 | Business

LONDON — Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed Monday. E...

The Celtic Tiger Is Dead. Long Live The Celtic Tiger.

Ranjit Dighe | Posted 08.20.2013 | College
Ranjit Dighe

Northern Ireland was the perfect place for this week's G8 summit. These meetings are supposed to promote peace and prosperity, and Northern Ireland, s...

European Lessons for an America in Debt

David Coates | Posted 08.14.2013 | Politics
David Coates

Fortunately for those of us favoring a strengthening of our welfare net, the big problem with those Republican claims about Europe and its current crisis is that they are all entirely wrong.

Europe: A Leaning Tower of Babel

Nathan Gardels | Posted 07.31.2013 | World
Nathan Gardels

The sovereign debt crisis and the high social costs of austerity have severely weakened the eurozone's foundation. Whether this tottering edifice finally collapses and falls, or is able to right itself, will depend on re-founding a European narrative for the 21st century.