Eurozone Debt Crisis

The Myth of the Euro's Imminent Demise

Steve Kettmann | Posted 05.29.2012

Read More: Merkel, Germany, Euro Crisis, Greece, Euro Currency, Eurozone Debt Crisis, Greece Bailout, World News
Steve Kettmann

Anyone reading the U.S. press last year would have assumed the Euro would be dead by now. It isn't. Here's guessing the Euro will survive the current crisis -- which would be good not just for Europeans but for the world.

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New ILO Leadership Could Push For Better Economic Policies

Mark Weisbrot | Posted 05.29.2012

Read More: Ilo, United Nations, International Labor Organization, European Commission, International Monetary Fund, Imf, Eurozone Debt Crisis, European Central Bank, World News
Mark Weisbrot

Since Europe has by far the largest banking system in the world, the eurozone crisis is also a significant drag on growth and employment throughout most of the world, and could easily do more damage if it is not resolved.

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Greece and the Beanstalk

Amalia Negreponti | Posted 05.23.2012

Read More: Communism, Germany, Eurozone, Greece, Greece Debt Crisis, European Union, Eurozone Debt Crisis, Anarchists, Europe, Greek Politics, Alexis Tsipras, Greek Elections, World News
Amalia Negreponti

"Jack and the Beanstalk" is a story about how Jack and a terrible ogre finally compromise, learning to live together because they fear one another too much to risk doing otherwise. A similar hope of compromise is what lies at the heart of Greek voters.

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Euro or Drachma? It's Not All About a Dilemma

Thanos Dimadis | Posted 05.23.2012

Read More: Drachma, Imf, Eurozone Debt Crisis, Eurozone, Greece, Greek Elections, Euro, Greek Youth Unemployment, Syriza, Youth Unemployment, World News
Thanos Dimadis

It's not only all about a dilemma but about how the Greek nation -- and especially young people -- will find again a reason to hope and believe that their future can get better, even if Greece after the very crucial next general elections can make it and stay hopefully in the eurozone.

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Sure, There's Greece... But What About Spain?

Yanis Varoufakis | Posted 05.17.2012

Read More: Eurozone Debt Crisis, Eurozone, Greece Economic Crisis, Greek Debt Crisis, Spain Debt, World News
Yanis Varoufakis

I shall concede all you want me to concede about my fellow Greeks on condition that you give me a plausible answer to a simple question: What on earth is Europe doing to Spain as part of this Grand Plan?

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What Will a Greek Default Mean for You?

Jeffrey Rubin | Posted 05.16.2012

Read More: Glass-Steagall Act, Eurozone Debt Crisis, Greece Default, Volcker Rule, Business News
Jeffrey Rubin

A Greek default would start in Athens, but it wouldn't be long before it's felt in Paris, Berlin, New York and Toronto. In today's intertwined financial markets, everyone has exposure to everyone else's problems.

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Official: Eurozone Could Survive Greek Exit

AP | Posted 05.11.2012

Read More: European Debt Crisis, Eurozone, Video, Business News, Wolfgang Schaeuble Eurozone, Eurozone Debt Crisis, Greek Debt Crisis, Wolfgang Schaeuble, German Finance Minister Wolfgang Schaeuble, Business News

BERLIN -- German Finance Minister Wolfgang Schaeuble is suggesting the eurozone could deal with an abrupt exit by Greece, even though he says he doesn...

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Eurozone Austerity Faces Increasing Political Challenges as Economy Worsens

Mark Weisbrot | Posted 04.30.2012

Read More: Eurozone Debt Crisis, Ecb, Sarkozi, Melenchon, World News
Mark Weisbrot

It is only the political will that is lacking. In the meantime, the opposition of ordinary Europeans throughout the eurozone will be all that stands between the European authorities and a worsening economic mess.

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Spain, a Housing Bubble and Who Knew What

Robert Teitelman | Posted 04.24.2012

Read More: Paul Krugman, Spain, Princeton University, Europe Economic Crisis, Eurozone, Spain Economic Crisis, Europe Economy, Spain Economy, Eurozone Debt Crisis, Housing Bubble, World News
Robert Teitelman

What was the situation in Spain? The construction bubble was widely recognized, discussed, worried over and even acted upon in the years before the bust.

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Global Financial Stability: What's Still to Be Done?

José Viñals | Posted 04.23.2012

Read More: Competitiveness, Gfsr, Government Bonds, g20, European Central Bank, Fiscal Policy, Greece, FInancial Markets, Assets, Banks, Financial Crisis, Imf, Europe, Eurozone Debt Crisis, Eurozone Debt, Business News
José Viñals

The quest for lasting financial stability is still fraught with risks. The latest Global Financial Stability Report has two key messages: policy actions have brought gains to global financial stability since our September report; but current policy efforts are not enough to achieve lasting stability.

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'We're Back In Full Crisis Mode'

Reuters | Posted 04.17.2012

Read More: European Debt Crisis, Video, Spanish Bonds, Spanish Debt Crisis, Reuters, Business News, Eurozone Debt Crisis, Spain Bonds, Spanish Bond Yields, Euro Crisis, European-Bonds, Business News

* Spanish 10-year yields top 6 percent, contagion fears rise * German 10-year Bund yields hit record lows ...

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Shooting Democracy at Dawn

Gerard Papasimakopoulos | Posted 05.14.2012

Read More: Elections, Europe, Eurozone, Debt Crisis, Greece Debt Crisis, Elections 2012, Eurozone Debt Crisis, Democracy, Greek Economy, Greek Finance Minister Evangelos Venizelos, World News
Gerard Papasimakopoulos

Ultimately, what is even the point of participating in an electional process, when your vote is no longer truly needed? When your voice no longer has any bearing on the state of a nation?

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Vampire Squids, Transparent Tanks

Mitch Feierstein | Posted 05.15.2012

Read More: Goldman Sachs, Governance, Business News, Elections 2012, Federal Reserve, Ponzi Scheme, Eurozone Debt Crisis, Global Financial Crisis, New York, Greg Smith Goldman Sachs, Wall Street, 2012 Election, Greg Smith Resignation, Greg Smith, Business News
Mitch Feierstein

That Goldman is a vampire squid has long been recognized. The conflicted and non-transparent nature of the aquarium is, as yet, far too little understood.

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

Reuters | Posted 05.12.2012

Read More: Eurozone, Video, Eurozone Crisis, Eurozone Economy, Reuters, Eurozone Recession, Business News, Organisation for Economic Co-Operation and Development, Eurozone Debt Crisis, Oecd, Business News

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

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

Reuters | Posted 05.10.2012

Read More: European Debt Crisis, Eurozone, Video, Greece, Eurozone Crisis, Reuters, Greece Debt Crisis, Greek Debt Crisis Stimulus, European Union, Eurozone Debt Crisis, Greek Stimulus, Greek Debt Crisis, Greece Debt Crisis Stimulus, Europe, Greece Stimulus, Business News

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

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Greece Out of Default Emergency Room, But Far From Being Cured

Georges Ugeux | Posted 05.09.2012

Read More: European Debt Crisis, European Union, European Banks, Greek Bailout, Greece Debt Crisis, Eurozone, Greece Debt, Eurozone Debt Crisis, Greece Economy, Greece Financial Crisis, Greek Debt Crisis, European Central Bank, Greek Economy, Greek Debt, Greece, Greek Financial Crisis, Greece Bailout, Europe, Business News
Georges Ugeux

Do Greek authorities understand that, unless they play by the rules and restore their fiscal discipline, there will soon be another default... and no bailout? Nothing is less sure. This is not a few bad years; it is a different way to manage a country.

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The Humiliating Cost of Progress in Greece

Thanos Dimadis | Posted 05.08.2012

Read More: IMF Bailout, Eurozone Debt Crisis, Imf, Greeks, Greek Debt Crisis, Greece, Europe Recession, Greek Debt, World News
Thanos Dimadis

The Greek people should be afforded the security of knowing whether their country is on a steady path towards economic recovery. Nevertheless, no one is able to assure Greeks the crisis is averted.

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Laid-Off Factory Worker In Greece Shoots His Former Boss

Reuters | Posted 05.04.2012

Read More: European Debt Crisis, European Sovereign Debt Crisis, Greece Crisis, Video, Greece, Greek Financial Crisis, Eurozone Crisis, European Financial Crisis, Reuters, Greek Crisis, Eurozone Debt Crisis, Greek Debt Crisis, Greek Factory Worker, Business News

By Renee Maltezou and Deepa Babington KOMOTINI, Greece, March 4 (Reuters) - After more than 30 years as a factory worker, Dimitris Man...

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Greece's Debt Crisis Bodes Ill for Us All

Ted Kaufman | Posted 04.29.2012

Read More: Bailout, Greece, Germany, Greece Debt Crisis; Banks, Eurozone, Eurozone Greece Bailout, Greece Bailout, Eurozone Debt Crisis, Bailout Greece, Germany Greece Bailout, World News
Ted Kaufman

There are lots of catch-22s in this terrible crisis, and they should have been taken into account when the eurozone was first established.

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Where Greece Leads, America Follows

Mitch Feierstein | Posted 04.24.2012

Read More: European Debt Crisis, Eurozone, Great Recession, Ponzi Scheme, US Financial Crisis, Eurozone Debt Crisis, Global Financial Crisis, Europe, European Central Bank, Recession, Business News
Mitch Feierstein

Greece has walked a lot further down the path of perdition, but we're walking the same path and it's already too late to return.

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Recession Looking More And More Likely In Eurozone

Reuters | Posted 04.23.2012

Read More: European Debt Crisis, Video, Eurozone, Europe Crisis, Reuters, Eurozone Recession, Business News, Eurozone Debt Crisis, Euro Crisis, Business News

...

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For Italy, 2012 Looks Like A Recession Year

AP | FRANCES D'EMILIO | Posted 04.19.2012

Read More: Eurozone, Italian Bonds, Italy Recession, Italy, Eurozone Debt Crisis, Italian Banks, European Debt Crisis, Ignazio Visco, Europe Recession, World Economy, Video, Europe Economy, Italy 2012, Italy Banks, Europe, Ap, Business News

ROME (AP) — Italy's central bank chief on Saturday predicted that the eurozone's third-largest economy will see a return to growth next year, but he...

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Greece, Germany and the Eurozone Sovereign Debt Crisis

Sheldon Filger | Posted 04.17.2012

Read More: Eurozone Debt Crisis, Greek Debt Crisis, Germany, Sovereign Debt Crisis, Angela Merkel Eurozone, Recession Eurozone, Euro Debt, Global Recession Euro, Business News
Sheldon Filger

The concept that a common currency can be used by 16 nations with vastly different economic and fiscal policies was sheer folly. The current Eurozone debt crisis is not only an acute economic and debt crisis. It is also political farce, with a heavy dose of irony.

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Please, Sir, Where's My Money?

Mitch Feierstein | Posted 04.16.2012

Read More: Business News, Federal Reserve, Ponzi Scheme, Debt, California, New York, Depression, Eurozone Debt Crisis, Global Financial Crisis, Governence, Recession, Business News
Mitch Feierstein

Oliver Twist famously got in trouble because he had the temerity to ask for more. He made that request in a world where street kids were meant to acce...

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Greek Protests Continue As Lawmakers Debate Severe Austerity Measures

AP | By NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 04.13.2012

Read More: European Debt Crisis, Video, Greece, Eurozone Crisis, Greece Debt Crisis, Eurozone Debt Crisis, Greek Bailout, Greek Debt Crisis, Greek Debt Deal, Euro Crisis, Business News

ATHENS, Greece -- Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from ...

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