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Eurozone Crisis

World Leaders To Hold Emergency Talks As Eurozone Crisis Flares Up

Reuters | Posted 08.04.2012 | Business

* Canada says G7 to hold conference call on euro zone * G7 source says concern about possible Spanish bank run ...

Investors Brace for Global Slowdown

Mohamed A. El-Erian | Posted 06.02.2012 | Business
Mohamed A. El-Erian

The U.S. has lost an important part of its global leadership role. The G7 and IMF lack legitimacy and credibility. And the G20 is still working on its operational effectiveness. All this speaks to continued uncertainty and volatility -- economic, financial, political and social. Since the world starts naturally long risk assets, we could well see more investors seeking less risky asset allocations, including cash in what they deem as "safe jurisdictions." In the process, valuations -- for bonds, commodities, currencies, and equities -- could well diverge for a while from what many deem to be historically fair valuations. As Will Rogers is said to have observed decades ago, investors should be concerned with the return of their money and not just the return on their money.

Bonjour, Merkel

Daniel Nehemia | Posted 08.01.2012 | Teen
Daniel Nehemia

Less than a month after France chose her new president and few months before Germany starts her own elections campaigns, Europe is dealing with a collapse of more countries in the eurozone.

Troubled Bank's Solution To Crisis? Spiderman

Reuters | Posted 07.30.2012 | Business

MADRID, May 30 (Reuters) - Nationalised Spanish lender Bankia is offering a Spiderman towel to young investors as part of a drive to hold onto depos...

Report: Greeks Could Lose Half Their Income With Euro Exit

AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 07.29.2012 | Business

ATHENS, Greece — An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and i...

European Banks May Become More Vulnerable, Reliant On Taxpayer Money

Reuters | Posted 07.27.2012 | Business

* New regulation may repel staple investors * Bond buyers say rules will push up debt costs for banks By Sinead Cruise ...

The End Of The Euro: A Survivor's Guide

Simon Johnson | Posted 07.27.2012 | Business
Simon Johnson

In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them -- and the world.

Eurozone Officials Tell Members To Make Plans In Case Of Greek Exit

Reuters | Posted 07.23.2012 | Business

* Eurozone officials call for Greek exit contingency planning * Bundesbank says scenario would be "manageable" * Euro z...

'How Can They Stand Behind The Euro?'

Reuters | Posted 07.20.2012 | Business

LONDON, May 20 (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to h...

It's Not the Economy, Stupid... It's Employment

Sharan Burrow | Posted 07.16.2012 | World
Sharan Burrow

Anyone who has lived in an area with high unemployment knows how it erodes social bonds, lowers the resilience of the unemployed and their families, and damages the prospects of the next generation. No country can afford to lose a generation to unemployment.

A Primer on the Eurozone Crisis and How It Could Affect Us

Robert J. Shapiro | Posted 07.16.2012 | World
Robert J. Shapiro

Only by leaving can Greece reissue the drachma and let it devalue sharply. Everything Greek will be available at fire sale prices, which will attract foreign investors and make Greek exports price competitive. Greece and its people will be left a lot poorer, but that's also now inevitable.

Major Partner Cuts Off Operations With Some Greek Banks

Reuters | Posted 07.16.2012 | Business

FRANKFURT, May 16 (Reuters) - The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfu...

Who Will Suffer This Time?

Jill Shaw Ruddock | Posted 05.15.2012 | World
Jill Shaw Ruddock

As economies around the world continue to nosedive and we look for solutions to the reckless spending and entitlements to keep a way of life we have stolen from the next generation, just who do you think will suffer this time?

Europe At Risk Of Facing 'Lost Decade'

Reuters | Posted 07.10.2012 | Business

AMSTERDAM, May 10 (Reuters) - Europe is at risk of a Japanese-style "Lost Decade" of low economic growth, weak consumer spending, poor company inves...

Some Good News For Greece

Reuters | Posted 07.02.2012 | Business

ATHENS, May 2 (Reuters) - Standard & Poor's raised Greece's credit rating to low-speculative grade on Wednesday, lifting it out of default terri...

On May Day, Europeans Rally Against Austerity

Reuters | Posted 07.01.2012 | Business

* Marches in Spain, Italy, France, Greece and Portugal * Protesters carry banners opposing budget cuts * Greece, France ...

A French Spring and a New Enlightenment for Jobs and Justice

Brent Budowsky | Posted 06.30.2012 | World
Brent Budowsky

The increasingly likely victory of Francois Hollande in the French presidential election would be the shot for economic justice and jobs that will be heard around the world.

Spain In Recession...Again

AP | CIARAN GILES | Posted 06.30.2012 | Business

MADRID — As their losses from mortgages grow, Spanish banks have begun discussions about creating a separate entity – a "bad bank" –...

George Soros: Eurozone Crisis, 'Similar To Soviet Union,' Has Potential To Destroy EU

Huffington Post | Khadeeja Safdar | Posted 04.26.2012 | Business

Billionaire investor George Soros is sounding the European alarm again. “Europe is similar to the Soviet Union in the way that the euro crisis h...

Why The Euro Doesn't Make Sense & Isn't Worth Saving

The Atlantic | MATTHEW O'BRIEN | Posted 04.22.2012 | Business

Pop quiz, hotshot. You're the prime minister of Spain. It's 2005. Unemployment is at a two-decades low. Housing prices are booming. You're worried tha...

Eurozone Joblessness Hits Near 15-Year High

Reuters | Posted 06.02.2012 | Business

* Euro zone unemployment at 10.8 pct in February * EU Commission says data shows need for reform * Sharp divide between north and south ...

Eurozone Follies: Confusing Callousness for Courage

Jeff Madrick | Posted 05.27.2012 | Business
Jeff Madrick

The essence of the euro crisis is that members cannot devalue or control their own monetary policy. But the European Central Bank could have done so. If it had recognized its obligations, the crisis would not have been nearly as great.

There Might Actually Be Some Good News For The Eurozone's Economy

Reuters | Posted 05.12.2012 | Business

PARIS, March 12 (Reuters) - The euro zone is showing tentative signs of improvement, the latest monthly readout from the Organisation for Economic C...

Greek Official: 'The Economy Is Sinking And Everyone Is Too Scared'

Reuters | Posted 05.10.2012 | Business

* EIB reluctant, row with the EU Commission over the funds * Channelling the funds via local banks could be a solution A...

China or Greece: Whose Economy Should We Fear?

Claude Ohanesian | Posted 05.08.2012 | Business
Claude Ohanesian

Much has been written about Greece's financial doom and the domino effect it will have on Europe's and possibly America's economy. I've never liked playing dominos. I prefer to find solutions to problems before there are consequences.