iPhone app iPad app Android phone app Android tablet app

Europe Economy

'Shame On Europe For Trying To Snatch People's Savings'

AP | By MENELAOS HADJICOSTIS | Posted 03.30.2013 | Business

NICOSIA, Cyprus (AP) — The moment word broke that Cypriot lawmakers in Parliament had voted down a bailout deal that would have raided everyone's sa...

What You Should Know About the Cyprus Controversy

Mohamed A. El-Erian | Posted 05.17.2013 | World
Mohamed A. El-Erian

On Saturday, European officials stunned Cypriots (and many others) by announcing a rescue package for their country that involves a levy on all bank deposits. The news is spreading far and wide, causing quite a bit of controversy in the process.

Eurozone Gets Some Good News

AP | By PAN PYLAS | Posted 04.03.2013 | Business

LONDON (AP) — Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of econom...

A Famous Victory

Robert Zevin | Posted 03.24.2013 | Business
Robert Zevin

The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.

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...

From Growth Compression to Reflation: The Road Ahead

Jay Pelosky | Posted 01.28.2013 | Business
Jay Pelosky

The Great Compression will give way to the Great Reflation, not next month or next quarter but at some point over the next 12 to 24 months. How this is done will make all the difference -- via beggar-thy-neighbor policies or internal, pro-growth policy implementation?

Bad News For European Bankers

Reuters | John O'Donnell | Posted 11.11.2012 | Business

BRUSSELS (Reuters) - European Union countries will consider a proposal this week for an absolute cap on the total bonus paid to bankers, EU officials ...

Stocks Plunge As Europe Reveals Bad Economic News

Reuters | Posted 11.07.2012 | Business

* Energy shares weak after election result * Investors turn focus to looming fiscal cliff * Indexes off:...

Europe's Agony Could Become Our Future Under Mitt Romney

Richard (RJ) Eskow | Posted 12.25.2012 | Politics
Richard (RJ) Eskow

It takes a blind eye for history and a deaf ear for economics not to understand that Europe's agonies could soon become our own. And let's not forget: as bad as things are in Europe, they can always get worse.

Europeans On EU's Nobel Peace Prize: 'Is This A Joke?'

Reuters | Posted 12.12.2012 | Business

By Karolina Tagaris ATHENS, Oct 12 (Reuters) - "Is this a joke?" said Chrisoula Panagiotidi, 36, an Athens beautician, laughing derisi...

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.

Touring Europe In The Age Of Unrest

Rick Steves | Posted 12.11.2012 | Travel
Rick Steves

Demonstrating is woven into European democracies. And, while protesting is generally just too much trouble for most Americans, Europeans are quick to hit the streets when they want to raise their collective voice.

France Rethinks Tax Scheme After Small Business Outcry

Reuters | Mark John | Posted 10.04.2012 | Small Business

(Reuters) - President Francois Hollande's Socialist government will likely ease tax hikes on small businesses in the 2013 budget after a chorus of com...

Euro Exports Up as Austerity Drives Real Terms of Trade Down

Warren Mosler | Posted 10.20.2012 | Business
Warren Mosler

The ECB doing 'whatever it takes' which means conditional funding to sustain solvency while keeping fiscal 'overly tight' is extremely euro friendly, which fulfills the ECB's single mandate. And very unfriendly to 99% of the people who live there.

'The Last Positive Piece Of News Out Of Germany For Some Time'

Reuters | Posted 10.13.2012 | Business

* Euro zone economy shrinks 0.2 percent in Q2 * Germany posts slower growth of 0.3 percent * France stag...

The Eurozone Crisis Is Back and We Are All in Its Crosshairs

Robert J. Shapiro | Posted 09.30.2012 | World
Robert J. Shapiro

Once again, the Eurozone debt crisis threatens to suck the oxygen out of the global economy. In the end, our election may well turn on events entirely beyond the influence or control of either President Obama or former Governor Romney.

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?

Lowering the Speed Limit for World Economic Growth

Jeffrey Rubin | Posted 08.07.2012 | Business
Jeffrey Rubin

Despite the best efforts of central banks and finance ministries, even unprecedented fiscal and monetary stimulus aren't enough to keep the global economic recovery from stalling.

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.

Escaping the Historical Parallels of European Economic Chaos

Peter Fox-Penner, PhD | Posted 05.22.2012 | World
Peter Fox-Penner, PhD

Is no one else haunted by the thought that European economic history may be reflecting itself in the mirror?

Austerity Offers Europe Their Only Hope

Michael Pento | Posted 07.17.2012 | Business
Michael Pento

Blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before.

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.

Oil Prices Fall For Sixth Straight Day

AP | CHRIS KAHN | Posted 05.09.2012 | Business

NEW YORK -- The price of oil fell Wednesday for a sixth day as the U.S. government reported that crude supplies are the highest in 22 years. Benchm...

Europe's Post-Merkozy Gridlock

Rajan Menon | Posted 07.09.2012 | World
Rajan Menon

Germany can refuse to budge on austerity, but for how long if its remedies don't cure Europe's ailing economies?

Eurozone Unemployment Hits Record High

AP | PAN PYLAS | Posted 07.02.2012 | Business

LONDON — The 17 countries that use the euro are facing the highest unemployment rates in the history of the currency as recession once again spr...