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Eurozone Debt

Typo Blamed For Adding $13 Billion To Spanish Debt

The Huffington Post | Ryan Grenoble | Posted 10.03.2013 | Business

Nobody likes typos; right now, Spain's Economy Ministry must particularly hate them. Four days after publishing the 2014 public debt forecast, Span...

Europe's Economic Crisis Now Moves Towards Political Crisis

Frank Vogl | Posted 06.04.2013 | World
Frank Vogl

Depositors in all economies in difficulty in Europe should now beware. It is in these countries, which already are in a deep economic slump where the political situation now seems most fraught.

Europe Is Divided Again -- This Time It's Creditors vs. Debtors

George Soros | Posted 01.30.2013 | World
George Soros

When the European Union was only an idea, a fantastic object, it was conceived as an instrument of solidarity. Today, Europe hangs together out of grim necessity. That is not conducive to a harmonious partnership.

Eurozone Debt Grows To Insane Level

Reuters | Posted 12.24.2012 | Business

By Jan Strupczewski BRUSSELS, Oct 24 (Reuters) - Euro zone government debt rose to 90 percent of the single currency area's gross domestic produ...

Italy To Cut Health Care Spending, Public Workers

Reuters | Posted 09.04.2012 | Business

* 2012 cuts worth 4.5 bln euros, rising to 10.5 bln in 2013 * Cuts avoid hike in sales tax until July 2013 * Unions have...

IMF Chief Praises Latvian "Success Story" -- A Scary Speech for the Eurozone

Mark Weisbrot | Posted 08.13.2012 | World
Mark Weisbrot

It is amazing to hear Lagarde, who almost certainly knows better, calling Latvia a "success." It is like calling the Great Depression a success -- after all, the U.S. economy did eventually recover from the Great Depression.

8 Reasons Why Americans Should Care About the European Debt Crisis

Rachel Epstein | Posted 08.08.2012 | College
Rachel Epstein

The continued European debt problem poses both economic and political risks to the United States.

The Jamaicanization of Europe

Mark Weisbrot | Posted 07.29.2012 | World
Mark Weisbrot

Jamaica may seem worlds away from Eurozone countries, which are three or four times richer. But they face a common problem, and they could easily mimic the dismal economic performance that Jamaica has seen over the past 20 years.

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

José Viñals | Posted 06.23.2012 | Business
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.

Spain and the Blame Game

Carles Boix | Posted 04.24.2012 | World
Carles Boix

As Spain confronts the reality of its economic woes, it's becoming increasingly difficult to separate economic fact from political fiction. Yet, while some Spanish regions have overspent their means, in the case of Catalonia (capital: Barcelona) this is far from the truth.

Democracy Is Not Self-Correcting

Nathan Gardels | Posted 04.11.2012 | Politics
Nathan Gardels

What matters for good governance is an open society -- freedom of expression and the rule of law to protect feedback -- not whether the system is meritocratic, democratic or a hybrid.

Romney and His European Straw Dog

Edward Goldberg | Posted 03.13.2012 | Business
Edward Goldberg

For the Romney campaign, Europe has taken over from China as the punching boy that represents the foreign other. In reality, to say or suggest that Europe has nothing to do with the American economy or American job growth is to live in pre-globalized fantasy land.

Is the Euro Crisis a Financial Re-Run of the 1956 Suez Debacle?

Jean Ergas | Posted 03.06.2012 | Business
Jean Ergas

It is high time for Europe, like the UK was forced to do in 1956, to face up to the fact that the world has changed.

The European Debt Crisis: A Beginner's Guide

The Huffington Post | Alexander Eichler | Posted 12.27.2011 | Business

The European sovereign debt crisis! It -- wait, come back. This is interesting, we promise. The debt crisis is one of the biggest stories of the year,...

Eurozone May Drop Private Sector From Permanent Bailout Fund

Posted 11.25.2011 | Business

BRUSSELS (Julien Toyer and Luke Baker) - Euro zone member states, mindful of flagging market confidence in euro zone debt, are considering dropping pr...

Greek Tragedy -- The Next Act

Azeem Ibrahim | Posted 01.04.2012 | World
Azeem Ibrahim

Greek Prime Minister Papandreou's announcement of a referendum on the Eurozone debt deal is a remarkably democratic move in a world dominated by financial markets, with little concern for the citizen.

Janell Ross

Occupy Wall Street Group Looks For Financial System Fixes | Janell Ross | Posted 01.01.2012 | Business

While weatherworn protesters continue to demonstrate in Zuccotti Park and prepare for winter, one arm of the Occupy Wall Street movement is debating a...

From "Too Big to Fail" Banks to "Too Big to Default" Nations to What's Next?

Lydia Fisher | Posted 10.19.2011 | Business
Lydia Fisher

We've had financial bubbles before. This one's got a twist though. It's fraught with complexity, scope, depth, widespread fraud and bad underwriting practices making coming out of it, all the more difficult.