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Euro Debt Crisis

Bill Gross: Bank Is Playing 'Kick The Can' With The Euro Debt Crisis

The Huffington Post | Alexander Eichler | Posted 08.02.2012 | Business

Bill Gross isn't mad at Mario Draghi -- he's just disappointed. Gross, co-founder of the investment firm PIMCO, said that he wasn't all that impres...

Europe's Solution Isn't More Inflation

Michael Pento | Posted 08.21.2012 | Business
Michael Pento

The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60 percent.

EU Official: Greek Bailout Terms To Be Changed As Old Agreement Becomes 'Illusion'

AP | SARAH DiLORENZO | Posted 08.19.2012 | Business

BRUSSELS (AP) — European leaders are locked in a fierce debate over how to solve the debt crisis that is killing off growth on the continent, includ...

Euro at Risk of Falling to Bits Just Like Pieces of Eight

James Doran | Posted 07.25.2012 | Money
James Doran

Those who rely upon currency must have faith that the institution that prints it has the wherewithal to meet all those promises. It is amazing, then, that the euro hasn't entirely evaporated.

The German Model and the Price of Perfection

O'Brien Browne | Posted 05.12.2012 | Business
O'Brien Browne

Is the German economic model remarkable successful? Undeniably. Is it suited for your culture? Certainly! All you have to do is become like them -- and pay the price of perfection.

Fiscal Adjustment: Too Much of a Good Thing?

Carlo Cottarelli | Posted 04.02.2012 | Business
Carlo Cottarelli

Nearly all advanced economies plan to reduce their deficits this year. But if growth slows more than expected, some may feel inclined to preserve their short-term plans through additional tightening, even if hurts growth more.

In Role Reversal Huge Companies Lending To Ailing Europe Banks

Reuters | Posted 03.10.2012 | Business

By Douwe Miedema LONDON, Jan 9 (Reuters) - Blue-chip names like Johnson & Johnson, Pfizer and Peugeot are among firms bailing out...

On Its Tenth Anniversary, Euro Takes Blame For Struggling Economy

AP | By SARAH DiLORENZO | Posted 12.30.2011 | Business

PARIS -- Just three years ago, the euro was being praised as the can-do currency that had delivered unprecedented prosperity in Europe. Now, it's wid...

Greek Retailers See Worst Holiday Season In Decades

Posted 12.27.2011 | Business

ATHENS (Reuters) - Greece's stores had their worst Christmas in decades, with retail sales dropping by 30 percent compared with the same period la...

In 2012, Global Economy 'A Tale Of Two Worlds'

Posted 12.24.2011 | Business

LONDON (Reuters) - Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the...

Analysis: Region Formerly Gorged On Debt Adjusting To Great Stagnation

Posted 12.22.2011 | Business

LONDON (Reuters) - With governments laboring under too much debt and banks hobbled by too little capital, 2012 is shaping up as another year of ha...

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,...

Official: Finance Ministers Can't Agree On Providing 200 Billion Euro Loan To IMF

AP | GABRIELE STEINHAUSER | Posted 02.18.2012 | Business

BRUSSELS — European Union finance ministers have come up euro50 billion ($65.19 billion) short of their goal of providing the International Mone...

Time Running Out For S&P 500 To End Positively, As Euro Crisis Looms

Posted 12.18.2011 | Business

NEW YORK (Reuters) - With two weeks left in the trading year, the euro zone debt crisis will remain the primary impediment to pushing the S&P 500 ...

Many Big Company CEOs Say They May Cut Staff

AP | By CHRISTOPHER S. RUGABER | Posted 12.14.2011 | Business

WASHINGTON -- Two-thirds of chief executives of the largest U.S. companies say they don't plan to increase hiring or will cut staff in the next six mo...

Why Teens Should Care About the Eurozone Crisis

Devon Kerr | Posted 02.11.2012 | Home
Devon Kerr

Europe's failure means a decrease in the global economy, alliances with Europe being tested, and probably, a double-dip recession in the U.S. economy. If the Euro goes down, we may go with it.

Wall Street Finishes Week Higher After EU Deal

Posted 12.09.2011 | Business

NEW YORK (Reuters) - Stocks rallied on Friday, finishing the week higher after European Union leaders agreed on a plan to toughen the region's bud...

Analysis: In EU Rift, Cameron Loses, While Sarkozy, Draghi Win

Posted 12.09.2011 | Business

BRUSSELS (Reuters) - Napoleon dreamed of it, De Gaulle fought for it, but Nicolas Sarkozy may have achieved it -- a Europe of Nations with France ...

Most EU Nations Agree To Treaty In Hopes Of Solving Crisis

AP | GABRIELE STEINHAUSER and DON MELVIN | Posted 02.08.2012 | Business

BRUSSELS — Working almost to exhaustion and persuading countries one by one, European leaders agreed Friday to redefine their continent – ...

German Chancellor: Solving Euro Crisis Will 'Take Years'

AP | MELISSA EDDY and DAVID McHUGH | Posted 02.01.2012 | Business

BERLIN — German Chancellor Angela Merkel pushed forward Friday with what markets see as an emerging plan for more effective action to contain th...

Italian Borrowing Rates Surge, As Pressure Mounts For Reforms

AP | COLLEEN BARRY | Posted 01.28.2012 | Business

MILAN — Italy's borrowing rates skyrocketed at a bond auction Monday for the second straight business day, as pressure mounted on the eurozone's...

U.S. Companies Feeling The Pain From European Crisis

AP | JONATHAN FAHEY, CHRISTOPHER S. RUGABER and MICHAEL LIEDTKE | Posted 01.13.2012 | Business

NEW YORK — The tremors from Europe's financial upheaval have reached U.S. shores, rattling consumers and companies. The consequences have been ...

Former European Central Bank Official Named Greek Prime Minister

AP | NICHOLAS PAPHITIS and FRANCES D'EMILIO | Posted 01.23.2014 | Business

ATHENS, Greece — Europe's financial crisis eased Thursday as Greece installed a respected economist to replace its prime minister and Italy appe...

German Chancellor: Europe Has A Long Road Ahead

Posted 01.05.2012 | Business

BERLIN - German Chancellor Angela Merkel said on Saturday it would take a decade before the euro zone was in a better position and there was much ...

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.