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Eurozone Crisis

Eurozone Crisis Sparks Fear Of 'Replay Of 2008 On Steroids'

Reuters | Posted 08.24.2012 | Business

(Repeats) By Jennifer Ablan and David Gaffen June 24 (Reuters) - Grim. Serious. Terrifying. Nerve-rattling. ...

EU Weighs Banking Union, As Spain's Banking System Crumbles

Reuters | Posted 08.21.2012 | Business

* IMF's Lagarde calls on euro zone to stand by banks * De Guindos says direct recapitalisation may be open to Spain * F...

Thanks To Eurozone Crisis, Buy The Castle You've Always Dreamed Of

The Huffington Post | Harry Bradford | Posted 06.21.2012 | Business

There might be an upside to the eurozone crisis after all. And that upside is a genuine castle of your very own. Property values in the eurozone h...

Horror Sequel: Echoes of 2008 in Europe's Crisis

Richard Barrington | Posted 08.21.2012 | Business
Richard Barrington

Geithner, Paulson and others succeeded in heading off a chain-reaction failure of U.S. banks, but the U.S. still is struggling to recover from the underlying economic fundamentals that caused the crisis in the first place.

Eurozone Downturn 'Becoming Deeper And More Broad-Based'

Reuters | Posted 08.20.2012 | Business

 Composite PMI suggests 0.6 pct Q2 contraction  Manufacturing, composite PMIs lowest since June 2009  Servic...

Italy Risks Being Pulled Back To The Heart Of Eurozone Crisis

Reuters | Posted 08.20.2012 | Business

* Spanish bank bailout fallout weighs on Italy * Concerns Spain will need sovereign bailout * Correlation between the tw...

Ex-Lehman Brothers Exec Kills Himself In The Face Of Growing Financial Trouble

The Huffington Post | Alexander Eichler | Posted 06.19.2012 | Business

Charles Hopper -- 63 years old and facing mounting financial troubles -- hanged himself in the garage of his Connecticut home last month. But five yea...

The Unmotivated Electorate

Michael Radou Moussou | Posted 08.16.2012 | Home
Michael Radou Moussou

The general election of June 17 is like no other election in the history of our country, and no candidate seems to be addressing the one ingredient that could make a great difference: the sense of honor deeply engrained in every Greek.

World Bank Chief: Countries Need To Prepare For Eurozone Uncertainty

Reuters | Posted 08.16.2012 | Business

LONDON, June 16 (Reuters) - Developing nations must be ready for a severe global financial crisis should the euro zone fail to cope with its current...

Eurozone Breakup Would Be A Disaster Outside Europe

The Huffington Post | Alexander Eichler | Posted 06.16.2012 | Business

If the Eurozone breaks up, it's not going to be just Europe that suffers. The world's poorest countries stand to lose some $30 billion in trade and...

IMF Agrees To Terms For Spending Huge Fund

Reuters | Posted 08.15.2012 | Business

WASHINGTON, June 15 (Reuters) - The International Monetary Fund agreed on Friday that it would only draw on the $430 billion in extra resources comm...

Man Bets A Billion Dollars That This Potential European Catastrophe Won't Happen

Posted 06.15.2012 | Business

Someone call Michael Lewis! As investors the world over are running away from all things Europe, some guy is galloping right toward it. Sure, Spai...

Central Banks Signal They're Ready To Act To Stave Off Global Crisis

Reuters | Posted 08.14.2012 | Business

* G20, Europe prepare for Greek election shock * Central banks ready to combat Greek market storm * Britain to flood sys...

Some Greek Employees Work Without Getting Paid

The Huffington Post | Bonnie Kavoussi | Posted 06.14.2012 | Business

A growing number of Greek workers are facing a stark choice: Work for no pay, or risk never getting paid again. An increasing number of Greek compa...

Swedish Official: The Eurozone Crisis Is 'An Ugly Thing To Look At'

Reuters | Posted 08.13.2012 | Business

* Sweden resilient to euro crisis * Low debt gives policy flexibility * Face some risks due stronger currencies ...

Democracy of the Banks, by the Banks, for the Banks

Sharan Burrow | Posted 08.12.2012 | Politics
Sharan Burrow

The global economic orthodoxy is being widely rejected by people who are pessimistic about the direction their country is taking. Most people have little faith that the lives of their children and future generations will be better off.

Ideology Matters

Neil McCarthy | Posted 08.11.2012 | Home
Neil McCarthy

Ideologies are magnets. They create force fields of group think so strong that few are able to resist.

Ex-Prime Minister: Greece May Run Out Of Money 'In A Few Weeks'

The Huffington Post | Jillian Berman | Posted 06.11.2012 | Business

It’s only a matter of weeks before Greece goes broke, at least according to the country’s former Prime Minister. George Papandreou, the former...

Ireland: Our Bailout Is Just As Good As Spain's Bailout

Reuters | Posted 08.11.2012 | Business

* Spanish PM, Irish opposition say Spain got better deal * Irish govt says some of its terms better than Spain's * Says ...

Nobel Prize-Winning Economist: Spain Bailout 'Not Going To Work'

Reuters | Posted 08.10.2012 | Business

By Tiziana Barghini NEW YORK, June 10 (Reuters) - Europe's plan to lend money to Spain to heal some of its banks may not work because ...

Euro Zone Agrees To Lend Spain Up To 100 Billion Euros

Reuters | Posted 08.09.2012 | Business

* Euro zone agrees to lend Spain up to 100 bln euros * Spain and Eurogroup say bailout will banish any doubts * Madrid w...

The German Soul and the Italian Volksgeist

Nathan Gardels | Posted 08.08.2012 | Home
Nathan Gardels

If Europe doesn't get its collective political act together to solve the eurozone crisis, prosperity will be set back and dangerous political fragmentation will set in -- as it did, tragically, once before.

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

Ismail Erturk | Posted 08.08.2012 | Home
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.

Rebuilding Greece: Groups Try to Shake the 'Crisis'

Daphne Lambadariou | Posted 08.07.2012 | Home
Daphne Lambadariou

Entrepreneurship and innovation seem almost herculean tasks in the current Greek context, but some dare to defy the odds. This is the sort of innovation Greece needs.

A QE III Game of Chicken

Michael Pento | Posted 08.07.2012 | Business
Michael Pento

Most investors continue to misdiagnose the reason behind the worldwide economic malaise. The underlying problem isn't "uncertainty." The real reason why global markets are melting down is because the recession in the Eurozone is quickly turning into a deflationary depression.