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European Economy

Europe Faces Winter on the Edge of the Abyss

Llewellyn King | Posted 11.11.2014 | Politics
Llewellyn King

There is another world crisis brewing -- and one for which President Obama cannot be blamed. The Europeans have made a mess of things, and now the wolves are at the door. The first snarling wolf is deflation.

Europe's Austerity-Fueled Depression Keeps Getting Worse

The Huffington Post | Mark Gongloff | Posted 09.04.2014 | Business

Europe's central bank just slashed interest rates and launched emergency stimulus measures -- but six years too late, and not enough to counter the au...

The Road to Euro-Fascism

Robert Kuttner | Posted 07.18.2014 | Politics
Robert Kuttner

The European economic crisis with its high unemployment only stimulates more migration, which puts pressure on local labor markets and pushes the local working class further into the arms of the nationalist far-right.

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.

What Are The French So Afraid Of The World?

Pascal Bruckner | Posted 02.25.2014 | World
Pascal Bruckner

Gravely affected by the weak economy, young people make up the avant-garde of what may as well be France's largest contemporary party: the Party of Fear. For the French have become afraid of everything: the world, poverty, globalization, Islam, capitalism, global warming, natural catastrophes -- and even, to borrow an American phrase, fear itself.

Here's What Europe's Business Leaders Could Teach America

The Huffington Post | Jillian Berman | Posted 01.25.2014 | Business

European corporate titans are calling on policy makers to do more to boost the region’s struggling economy. And unlike their counterparts in the U.S...

When High School Meets Entrepreneurship: From Temp-changing Pillows to GPS Walking Canes, These Young Inventors Compete for NFTE First Place

Steve Mariotti | Posted 03.19.2014 | Business
Steve Mariotti

Thirty students competed--with operating businesses and business ideas as diverse as Afghani restaurants to GPS-laden walking canes to college application websites to heating and cooling pillows.

Why the European Economy Has Done So Much Worse Than That of the United States

Mark Weisbrot | Posted 03.18.2014 | Politics
Mark Weisbrot

How are we to explain these differences? The United States was, after all, the epicenter of the world financial crisis and recession in 2008. But U.S policy-makers responded to the recession with different policies. Most important was monetary policy.

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...

Major Threat To Europe's Economic Recovery

AP | JORGE SAINZ and LORI HINNANT | Posted 12.08.2013 | World

PARIS — PARIS (AP) — Andrea Ortiz, a 24-year-old Spaniard, has degrees in law and business and works in a multinational clothing company — a...

5 Reasons Not To Get Excited About The Eurozone Recession's 'End'

The Huffington Post | Mark Gongloff | Posted 08.14.2013 | Business

One quarter of positive GDP does not a recovery make. Europe's gross domestic product grew 0.3 percent in the second quarter from the quarter befor...

European Small Business Crisis: Is America Next?

Steve Mariotti | Posted 09.22.2013 | World
Steve Mariotti

Perhaps the global economic downturn is in part because of excessive taxes on the entrepreneur as well as economic illiteracy?

Is the U.S. Economy Good, Bad or In-Between Right Now?

Jared Bernstein | Posted 09.22.2013 | Business
Jared Bernstein

We may shift into higher gears, but if we're zipping along through gated neighborhoods in a Ferrari with no passengers from the bottom 99 percent, we'll still be in trouble.

Powerful Body Casts Dire Warning

AP | GREG KELLER | Posted 07.29.2013 | Business

PARIS — The recession in Europe risks hurting the world's economic recovery, a leading international body warned Wednesday. In its half-yearly ...

Have We Psyched Ourselves Into Permanent Low Growth?

Peter Hall | Posted 06.05.2013 | Business
Peter Hall

Four years later, sentiment is mired at recessionary levels, in spite of serious attempts to break free. Are we now psyched out, resigned to a gloomy future, or is there light at the end of this long, dark tunnel?

At Least We're Not Europe

The Huffington Post | Mark Gongloff | Posted 03.14.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Good News For European Banks

Reuters | Posted 04.20.2013 | Business

* German banks' use of ECB funds drops to 49.5 bln end-Jan * Banks from euro zone core pay back 3-yr loans early * Itali...

The Success of the Nordics: It's the Mindset, Stupid!

Erik Brattberg | Posted 02.11.2013 | World
Erik Brattberg

2013-02-11-ctrlogoreal.pngFortunately, Europe is not deemed to failure. If more European states would think and act like the Nordics, the narrative would be quite a different one.

The European German Crisis

The European Magazine | Posted 08.15.2012 | World
The European Magazine

I am presumably in the same position as most others: Neither do I fully understand what is happening, nor do I believe that those in power have a better grasp of it.

Spain's Bank Bailout Can't Save Europe

Michael Pento | Posted 08.14.2012 | Business
Michael Pento

After the euphoria from the Spanish bailout ends, look for sovereign bond yields to once again rise, along with credit default swaps on that debt, and for global markets to continue lower. There is simply no magic bullet or elixir that can save Europe from a tremendous amount of pain.

Rising National Security Risk in Europe

Daniel Wagner | Posted 06.12.2012 | World
Daniel Wagner

Unless Europe takes a good look in the mirror and honestly acknowledges that shoveling more money into a black hole is not, ultimately, the answer to its problems, it will slip further and further into the abyss.

Toward a Euro II Quarantine Zone?

Erwann Michel-Kerjan | Posted 08.08.2012 | World
Erwann Michel-Kerjan

What to do? Attack the problem at two levels: first, by recognizing the interdependencies across countries (the contamination effect) and acting upon them; second, by putting the sick patients in quarantine.

Jump Ball!

Mark R. Kennedy | Posted 07.19.2012 | Politics
Mark R. Kennedy

With the primary season fading from memory, the first skirmishes of the general election are just beginning. At this point, it's too close to call.

Barter, Food, and Recession in Italy

Fabio Parasecoli | Posted 07.02.2012 | Home
Fabio Parasecoli

Many Italians might be forced to go back to the Mediterranean diet that their parents and grandparents were relieved to abandon during the decades of economic growth. It's unclear how these developments will affect the local food culture.

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...