iOS app Android app

Eurozone

What Will Be Summer 2014's Big Story? A Top 10 List Of Candidates

Terry Connelly | Posted 05.30.2014 | Business
Terry Connelly

The summer of 2014 will have a lead story all its own, and there are already many candidates for top honors. So follows a suggested "top 19" list of the stories most likely to dominate the news (if not the beach reading) this summer.

Angela Merkel is not the Queen of Europe

Jürgen Trittin | Posted 07.23.2014 | World
Jürgen Trittin

Europe is both our task and chance to fight for our solitary future -- because only a strong and solidly united Europe can guarantee a democratic globalization.

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

John Sydney Hopkins | Posted 07.16.2014 | World
John Sydney Hopkins

What has evolved over the last 20 or so years is a natural divergence between the fundamentally weaker and stronger economies, particularly since the onset of the global financial crisis five years ago.

Democracy's Conundrum: Reforms Take Time to Mature -- But Voters Want Results Now

Mario Monti | Posted 07.13.2014 | World
Mario Monti

All great reforms must first mature. To be successful, they must be fully understood by society. This process requires time and a lot of explanations. However, the need to obtain the consent of the people must not deter the leaders from their mission, even if it makes them unpopular. As it is written in the American Federalist Papers: "When occasions present themselves, in which the interests of the people are at variance with their inclinations, it is the duty of the persons whom they have appointed to be the guardians of those interests, to withstand the temporary delusion, in order to give them time and opportunity for more cool and sedate reflection (Federalist Papers Nr. 71). What is called "populism" nowadays is not really tantamount to defending the real interests of the people. Rather, it is a political ruse, which consists of using ultra-simplified language that is easily understood by the people, playing on their sense of fear, to conquer power.

April Showers Hit Markets: Bring an Umbrella to Trade

Terry Connelly | Posted 06.11.2014 | Business
Terry Connelly

Forces at work from Tokyo to Kiev have been roiling the U.S. stock market for a couple of week. But the financial sushi that is now on the menu in Japan, and Russia's "Crimea of the Century" are only part of the story.

Greeks Struggle to Pay Bills

Ben Barber | Posted 06.09.2014 | World
Ben Barber

Euro zone financiers agreed to release 8.3 billion euros in rescue loans to Greece. It was a sign Europe believed Greece is emerging from its crisis. But for the ordinary people looking for work in Athens and elsewhere, recovery will take a long, long time.

Memo to Alex Salmond: Independence Is for Life, Not Just for Christmas

David Miles | Posted 06.03.2014 | Politics
David Miles

Fast-forward to 2014. There is a contradiction and an absurdity at the heart of the SNP's economic claims regarding a currency union and, ultimately, the party's case for independence.

Secular Stagnation: A Working Pair of Scissors Needs Two Blades

Otaviano Canuto | Posted 05.12.2014 | Politics
Otaviano Canuto

There is a core divergence among some "Keynesian" and "Schumpeterian" economists who have proposed stagnation hypotheses; each camp points to different underlying factors for continued anemic levels of growth.

Re-Founding Europe

Carlo De Benedetti | Posted 04.15.2014 | World
Carlo De Benedetti

We really need to re-found Europe. Lisbon has become archeology. It is time to work on a new decisive step forward, a leap forward in our flight towards the United States of Europe -- because this must be our final objective.

Economic and Social Policy and the Problems of the Eurozone and European Integration

Mark Weisbrot | Posted 03.31.2014 | Politics
Mark Weisbrot

While the problems of differing belief systems, cultures, and building common political institutions are real and fascinating, what really makes all these problems immensely more difficult right now is that the European elite is trying to impose very regressive and unpopular changes on their citizens.

The Costs of Austerity: Squandering $2.3 Trillion Yearly of our Productive Resources

Jakob von Uexkull | Posted 03.16.2014 | Business
Jakob von Uexkull

We are failing to use all the productive resources available to us and, as a result, over 200 million people are unemployed around the world. On the other hand, we live beyond our natural limits because we use more natural and finite resources than is sustainable. A huge opportunity thus presents itself.

Europe's Way to Destruction (?)

Thanos Dimadis | Posted 02.03.2014 | World
Thanos Dimadis

Having recently had a most interesting interview with the European Commission's president, José Manuel Barroso, I realized how much Europe struggle...

Why the World Needs Europe

Tony Fernandes | Posted 02.02.2014 | Business
Tony Fernandes

When you manage a foreign company, the image that Europe portrays is different in many respects from what you're used to hearing. The continent is the most important foreign investor in many regions of the world, including South-East Asia.

The True Cost Of A Financial Crisis

Reuters | Posted 01.23.2014 | Business

* Study sees falling life satisfaction in crisis-hit countries * Trust in government also in decline in wake of crisis ...

How Do Those Germans Do It and What Does it Mean for the U.S.?

Jared Bernstein | Posted 01.23.2014 | Business
Jared Bernstein

Paul Krugman has a piece up today about how Germany's large and persistent trade surpluses play an important, destructive role in the slump in the rest of the Euro area -- essentially, they import much-needed labor demand from the rest of the zone.

A Negative Press

Justine Frangouli-Argyris | Posted 01.23.2014 | World
Justine Frangouli-Argyris

This separation of Europe into a "good north" and a "bad south" by the traditional European press has been instrumental in undermining feelings of solidarity on the continent and have torn at the very heart of the "European ideal."

Banks and IMF Ganging Up on Sovereign Debtors

Janet Tavakoli | Posted 01.23.2014 | Business
Janet Tavakoli

The Fed's lending to the global banking system through front and back doors has distorted the value of U.S. dollar. Foreign central banks engage in money printing to keep in step. As a result, we've inflated distorted asset bubbles on a scale never before seen in the history of the world.

Kickstart the Greek Economy

Emmett Rensin | Posted 10.13.2013 | Comedy
Emmett Rensin

Note: This is part two of a series of middle-brow Kickstarter jokes. Part one can be found here Years of economic disaster, revolution in the st...

Krugtron the Invincible, Part 2

Niall Ferguson | Posted 01.23.2014 | Business
Niall Ferguson

Why, you may ask, did Krugman feel the need to be so bold (and so wrong) in predicting the euro's collapse over and over again, in his column, on his blog and to every media outlet that would give him an interview?

Krugtron the Invincible, Part 1

Niall Ferguson | Posted 01.23.2014 | Business
Niall Ferguson

I would like to see Paul Krugman admit that he got the biggest call of the last several years dead wrong, again and again and again. Not only should he admit his mistake, but he should also apologize to the millions of people who have suffered as a result of it.

Global Markets Are Not Prepared for the German Election

Gemma Godfrey | Posted 11.20.2013 | Business
Gemma Godfrey

Investors are expecting an eventual reduction of support by the Fed, and Merkel winning the election this weekend. However, what stock markets have not priced in is the resurgence of Eurozone troubles into the headlines. So what are the options, why is this important and how will this effect markets?

German Socialists off Road Without a Compass

Carlos Carnicero Urabayen | Posted 11.18.2013 | World
Carlos Carnicero Urabayen

The Liberals, even though sunk, continue to be loyal to their Liberal economic agenda. The Christian Democrats (CDU) are not in great electoral shape but have Merkel at the forefront. So where does the SPD stand?

The Dream of the European Union: Greece Under the Rule of Troika

Constantine Tzanos | Posted 11.12.2013 | World
Constantine Tzanos

Did the implementation of needed reforms require the imposition of a punitive austerity?

Eurozone Countries Still Struggling As Recession Technically Ends

AP | DAVID McHUGH | Posted 10.14.2013 | Business

FRANKFURT, Germany — Europe's recession is over, thanks to second-quarter growth in big countries Germany and France and an improvement in some ...

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...