iOS app Android app

Eurozone

UN Urges Countries To Impose Global Taxes

Reuters | Posted 09.04.2012 | Business

* UN proposes carbon, billionaires, currency taxes * UN says more money needed for aid, global challenges * UN has no au...

Government by the Banks, for the Banks: The ESM Coup D'Etat in Europe

Ellen Brown | Posted 09.02.2012 | Business
Ellen Brown

It is one thing to pool national resources to bail out other sovereign governments, quite another to write a blank check to bail out the profligate private banks that precipitated the global downturn.

The World According to Martin Wolf

Moisés Naím | Posted 09.02.2012 | World
Moisés Naím

While some economies are crashing, the celebrity of some economists is booming. One of these celebrated economists is Martin Wolf, the chief economics commentator at the Financial Times and surely one of the world's most influential columnists.

The American Guidance Europe Needs

Thanos Dimadis | Posted 09.02.2012 | World
Thanos Dimadis

The U.S. president's reelection in November seems to be more and more uncertain as the financial storm in Europe continues to devastate people's and t...

America's Blame Game

The European Magazine | Posted 09.01.2012 | World
The European Magazine

American politicians are keen to advise Europe's leaders on fiscal and economic policy. But why should Europe listen to those whose failed policies are at the root of the current problems?

Country By Country Breakdown Of Eurozone Joblessness

The Huffington Post | James Sunshine | Posted 07.02.2012 | Business

Things apparently just keep getting worse for the eurozone. The average unemployment rate in nations that use the euro rose to 11.1 percent in May,...

France to the Rescue

Brent Budowsky | Posted 08.29.2012 | World
Brent Budowsky

My hope is that the Hollande presidency dramatically advances a profound discourse about the meaning of democracy and capitalism, inspiring brilliant minds to propose innovative ideas that can save Europe, America and the world.

Why Concessions, Contagion & Collapse Are Still in the Cards in Europe

Gemma Godfrey | Posted 08.25.2012 | Business
Gemma Godfrey

Greece continues to gamble with its eurozone membership with the misguided belief that it can soften demands for austerity, without threatening its bailout. Instead, it is the lack of a sufficient firewall, rather than a commitment to Greece remaining within the e

Procrastination Is Costly, Action Is Priceless

Otaviano Canuto | Posted 08.25.2012 | World
Otaviano Canuto

Haven't similar experiences in the debt crises of the 1980's, Russia in 1998, and Argentina in 2001 taught us that waiting too long to restructure in situations of clear insolvency can be more costly in the end?

Robin Hood Tax: Economic Justice

Leo W. Gerard | Posted 08.25.2012 | Business
Leo W. Gerard

The American Robin Hoods are seeking economic justice. They want Congress to resurrect the financial transactions tax. Britain, home of Robin Hood, already charges a form of it. Ten European Union countries plan to institute it. America needs it.

Ireland Is Not Greece and Greece Is Not Ireland as European Crisis Rumbles On

Emmet Oliver | Posted 08.22.2012 | Business
Emmet Oliver

Americans must wonder how a faltering economy in Greece (population: approximately 11 million) can cause a rupture in the entire economic foundation of the eurozone, which is supported by a population of 332 million. Don't worry, we all ask ourselves this question from time to time.

How the European Debt Crisis Helped me Part From My Son for a Little

Dafna Maor | Posted 08.21.2012 | Parents
Dafna Maor

I checked my email for the last time and found out that my editor wanted me to go to Greece to cover the elections there. The last time I left my son for more than a day was when he was 3 1/2.

A Very Consequential Couple of Weeks

Terry Connelly | Posted 08.19.2012 | Politics
Terry Connelly

Forget the Wisconsin recall. We are into the last two weeks of June with a calendar loaded with answers to questions that will determine the course of the rest of this year, economically and politically.

The Day That Greece Rescued Europe

Montserrat Domínguez | Posted 08.19.2012 | World
Montserrat Domínguez

The Greeks have deactivated the switch that threatened to blow Europe sky high. Antonis Samaras's New Democracy party victory in Greece does not in and of itself solve Athens' problems, nor those plaguing the rest of Europe's capitals. The boxer is still on the ropes, but the bell has been rung, ending the round; and that gives Europe time to recover, though it will have to keep fighting. In addition this week, if seen as part and parcel to what happened in Greece, the result of France's legislative elections and the majority that President Hollande now boasts both act as a serious warning to Angela Merkel in Germany. The message is clear: we are willing to go forward, but the pernicious austerity strategy that is pushing us into the abyss must be reconsidered.

Greek Respite Leaves Euro Problems Unchanged

Theresa Bradley | Posted 06.19.2012 | World
Theresa Bradley

For European leaders, the central challenge is bigger, and has been mounting for years: How to stabilize a single monetary union that allows for 17 different fiscal policies

Wrong Lessons From Latvia for the Eurozone

Mark Weisbrot | Posted 08.19.2012 | World
Mark Weisbrot

If there's one simple lesson that most of the world -- if not the European authorities -- seems to be learning from the prolonged crisis in Europe, it's that fiscal tightening is not the proper response to a recession.

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...

Expect Little Change in Greece

Daniel Wagner | Posted 08.18.2012 | World
Daniel Wagner

It will surely be a torrid summer of uncertainty and speculation. With Spain receiving bailout funds and Cyprus and Italy next in line, the question of whether the avoidance of a Greek exit was even relevant in the longer term has yet to be determined.

G7: In 'All Our Interests For Greece To Stay In Eurozone

Reuters | Posted 08.17.2012 | Business

WASHINGTON, June 17 (Reuters) - The Group of Seven industrialized economies said it was in "all our interests" for Greece to remain in the euro zone...

Fresh Off Greek Vote, Euro Reaches One-Month High

Reuters | Posted 08.17.2012 | Business

* Euro makes gains on dollar and yen on vote relief * Greek results suggest pro-euro parties holding slim majority * Ri...

White House Hopes Greece Elections Will Lead To 'Timely Progress'

Reuters | Posted 08.17.2012 | World

CHICAGO, June 17 (Reuters) - The White House said on Sunday it hoped the Greek election outcome would lead to swift formation of a new government th...

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...

Greece Elections Could Rock Euro To Its Core

Reuters | Posted 08.16.2012 | Business

* Upstart leftist and establishment heir neck-and-neck * Election amounts to referendum on punishing bailout * Anti-bail...

Three Big Questions for the Greek Elections

Mohamed A. El-Erian | Posted 08.16.2012 | Business
Mohamed A. El-Erian

Whichever way you look at it, Sunday's election in Greece entails major uncertainties. What is clear is that, by itself, the outcome is very unlikely to immediately end turmoil and uncertainty. Indeed, even a simplified analysis entails many permutations and combinations.

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...