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Europe Debt Crisis

France, Spain Struggling To Reduce Deficit

Agence France Presse | | Posted 01.23.2014 | World

France will miss an agreed target to cut its public deficit, the EU said on Tuesday, with Spain's battered economy showing few signs of catching up re...

Germany, France To Boost Economic Ties

AP | GEIR MOULSON | Posted 03.24.2013 | World

BERLIN — Germany and France will produce joint proposals on improving economic coordination in the European Union this spring, the countries' le...

Europe's Universities Failing Youth

AP | GREG KELLER | Posted 01.07.2013 | World

PARIS -- Estelle Borrell knew she wanted to work in law since she was a teenager, when she interned at a court in Versailles, France. "The lawyers in ...

It's Time to Make a Deal

Mark R. Kennedy | Posted 01.27.2013 | Politics
Mark R. Kennedy

Indeed, the worst thing for all Americans is no action addressing our fiscal imbalances. Our leaders do not need calls from constituents who urge them to hold to their party lines. What our nation desperately needs is those who press leaders to find a path to the win-win.

Thousands Protest Latest Austerity Measures

Reuters | Posted 01.24.2013 | Business

* Students, teachers protest against Monti's cuts * Far right group, anti-fascists also plan rallies ROME, Nov 24 (Reute...

The Austerity Trap: Is Past Prologue?

Michael S. Lofgren | Posted 12.11.2012 | World
Michael S. Lofgren

Predictably, the unemployment rate rises above 25 percent, riots and demonstrations ensue, and an extreme right-wing party rapidly gains adherents. What this will mean for Europe's political future is unclear.

Major Credit Rating Agency Delivers EU Warning

Reuters | Posted 11.03.2012 | Business

SYDNEY, Sept 4 (Reuters) - Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to negative, wa...

Small Business Optimism Plummets

Reuters | Posted 09.09.2012 | Small Business

(Reuters) - Small businesses' confidence in the economy's future declined in June by the most in two years, increasing the threat that an economic slo...

From Ireland to Greece: Tragedy and Renewal in the Eurozone Crisis

Sean Kay | Posted 09.05.2012 | World
Sean Kay

What struck me most in talking to people in Athens and other parts of Greece was how common the refrains were from my visits to Ireland. People in both countries want the world to know the pain they are feeling.

Will Europe Amplify or Lessen Investors' July 4th Celebrations?

Mohamed A. El-Erian | Posted 09.01.2012 | Business
Mohamed A. El-Erian

For Europe to minimize external headwinds, the U.S. needs both to avoid another sub-100,000 job creation print and to deliver improving indicators of long-term unemployment and labor force anticipation.

Wall Street's Mouth Watering Over Fed Stimulus Hopes

AP | MARTIN CRUTSINGER | Posted 08.19.2012 | Business

WASHINGTON (AP) — The economy we've got today is more or less the economy we've got for the rest of the year. That's the message from...

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...

'It's Better To Be Safe Than Sorry'

Reuters | Posted 07.27.2012 | Business

By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...

EU Holds Debt Crisis Summit

AP | RAF CASERT and SARAH DiLORENZO | Posted 07.23.2012 | World

BRUSSELS — European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financia...

How The Super-Rich Are Suffering From Europe's Economic Crisis

Reuters | Posted 07.13.2012 | Business

* Global luxury house prices fell 0.4 pct in Q1 2012 * First quarterly price fall since 2009 LONDON, May 14 (Reuters) - ...

Economic Crisis, the "PIGS" and the European "Animal Farm"

Panagiotis Roilos | Posted 05.12.2012 | World
Panagiotis Roilos

According to René Girard, in periods of collective crisis the phenomenon of scapegoating flourishes. Today, the notorious "PIGS" (Portugal, Ireland or Italy, Greece, Spain), have become those animalized, "criminal" scapegoats.

German Official: Without Austerity, Greece 'Financial Aid Falls Away'

AP | Posted 05.12.2012 | Business

BERLIN -- The head of Germany's central bank is warning that there would be no basis for further financial aid to keep Greece afloat if the country ba...

Without Growth, There's Only One Ending to Euro Debt Crisis

Jeffrey Rubin | Posted 07.09.2012 | World
Jeffrey Rubin

What Europe's voters and its central bank are coming to recognize is that unremitting fiscal austerity measures are the wrong prescription for what ails the European economy -- they're actually exacerbating the continent's economic problems.

Europe Is Not a Lost Continent

Georges Ugeux | Posted 06.14.2012 | World
Georges Ugeux

Europe is not a lost continent, but a set of countries who are dealing with a crisis of confidence stemming from the awareness that its social system needs to be overhauled and modernized.

Merkel's Chilling Vision of a Post-democratic Europe

Rory Fitzgerald | Posted 03.28.2012 | World
Rory Fitzgerald

The light of democracy is being extinguished across the continent in which it was born. An unaccountable European elite is ignoring the basic principles of democracy and betraying the founding vision of the EU.

EU Financial Tug of War and the Greek Catalyst

Nikolas Katsimpras | Posted 03.27.2012 | World
Nikolas Katsimpras

No matter how inspiring the future European vision might be, the strategy towards it, unfortunately, bears neither fiscal nor social morality over the people. The domino effect has started from Greece.

Eurozone Inflation Eased Last Month, But Still Remains Uncomfortably High

AP | Posted 01.04.2012 | Business

LONDON -- Inflation in the 17 countries that use the euro eased moderately in December but still remains uncomfortably above the European Central Bank...

2012: The Year Europe May Prove Politics and Economics Are the Same -- and Broken

Joe Trippi | Posted 03.01.2012 | World
Joe Trippi

As the end of 2011 neared, I looked at the Eurocrisis from a political perspective and concluded that the political system is incapable of solving the problem and probably will fail to do so. The markets will, sooner or later, figure this out.

After Rough 2011, Eurozone Faces Headwinds In 2012

AP | By DAVID McHUGH | Posted 12.29.2011 | Business

FRANKFURT, Germany -- After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solv...

Euro Drops To 11-Month Low On Debt Crisis Fears

AP | Posted 02.27.2012 | Business

NEW YORK — Fears that Europe's debt crisis is far from over pushed the euro to an 11 1/2-month low against the dollar Wednesday. The European C...