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Eurozone Crisis

Europe's Boom Cities Are Still Busted

Max Holleran | Posted 02.28.2014 | World
Max Holleran

The recent attempts to praise Ireland and Spain's new independence from EU lending is a wry little piece of magical thinking. The empty properties left from the hubris of the boom litter many of Europe's most troubled cities, where unemployment is the new normal.

How Europe Can Escape the Austerity Trap

Jacques Attali | Posted 04.16.2014 | World
Jacques Attali

europeunemployment.jpg It will become clear sooner rather than later that the present rigorous and painful course of austerity will not on its own solve the specific problems that European citizens face in their lives.

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...

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.

Weidmann at Harvard: The Sovereign-Banking Nexus

Luka Orešković | Posted 02.05.2014 | Business
Luka Orešković

Weidmann's "separatist" view clearly stems from the German concept of highly independent central banking, assuring price stability rather than trying to target other problems and ensure macroeconomic stability.

Another Sign The Eurozone Is Seriously Struggling

Reuters | Posted 01.23.2014 | Business

* S&P says French reform efforts insufficient to raise growth * Market reaction to downgrade muted * Government com...

Spending Your Vacation Worried About Work?

Vanessa Andris | Posted 10.20.2013 | Business
Vanessa Andris

Finally, vacation time. Rest, relaxation... or time off when worries about work drive you even crazier than usual?

Eurozone's Longest-Ever Recession Comes To An End

AP | By ALAN CLENDENNING and PAN PYLAS | Posted 10.14.2013 | Business

MADRID (AP) — Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: I...

Muslims and Neo-Nazis in Athens: Halting the Descent Into Darkness

Frankie Martin | Posted 09.28.2013 | World
Frankie Martin

A battle is on to define Greek identity that has ramifications for the rest of Europe. Greeks and their friends in Europe, the United States, and elsewhere must do all they can to promote pluralism and protect the rule of law, which are the requirements for a modern and progressive society.

Jason Linkins

The German Dictionary Has A New Fun Word

HuffingtonPost.com | Jason Linkins | Posted 07.05.2013 | Politics

In some of the best possible news for Germany, that nation's daily newspaper, Die Welt, reports, "Das Wort 'Shitstorm' hat nun einen Platz im Duden." ...

Eurozone Unemployment Hits All-Time High Again

AP | PAN PYLAS | Posted 08.31.2013 | Business

LONDON — Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed Monday. E...

The Celtic Tiger Is Dead. Long Live The Celtic Tiger.

Ranjit Dighe | Posted 08.20.2013 | College
Ranjit Dighe

Northern Ireland was the perfect place for this week's G8 summit. These meetings are supposed to promote peace and prosperity, and Northern Ireland, s...

European Lessons for an America in Debt

David Coates | Posted 08.14.2013 | Politics
David Coates

Fortunately for those of us favoring a strengthening of our welfare net, the big problem with those Republican claims about Europe and its current crisis is that they are all entirely wrong.

Europe: A Leaning Tower of Babel

Nathan Gardels | Posted 07.31.2013 | World
Nathan Gardels

The sovereign debt crisis and the high social costs of austerity have severely weakened the eurozone's foundation. Whether this tottering edifice finally collapses and falls, or is able to right itself, will depend on re-founding a European narrative for the 21st century.

EU To Slow Pace Of Austerity

AP | JUERGEN BAETZ and RAF CASERT | Posted 07.29.2013 | Business

BRUSSELS — The European Union softened its demands for austerity Wednesday when it gave France, Spain and four other member states more time to ...

The Half-Forgotten Debt Crisis

David Coates | Posted 07.25.2013 | Politics
David Coates

The attention span in Washington, D.C. these days is remarkably short, and multi-tasking is something at which Congress seems particularly inept. So right now the focus there is overwhelming on just one thing: scandals, while the real business of the American people goes largely unexamined.

A Fading Vision of "Europe"?

Charles Heck | Posted 07.07.2013 | World
Charles Heck

All this has raised enormously the political stakes involved in sustaining the eurozone and European economic advancement. How can the needed sustained political heavy-lifting be accomplished if members no longer share a vision of political union in the long term?

RECORD JOBLESSNESS

Reuters | Ingrid Melander | Posted 04.25.2013 | Business

* More than 3.2 mln jobless, 11.5 pct y/y increase * Data deals further blow to unpopular government PARIS, April 25 (Reuters) - More people wer...

Eleazar David Melendez

The Next Cyprus? This Tiny Country Of 2 Million Could Be The Next Bailout Contender

HuffingtonPost.com | Eleazar David Melendez | Posted 04.12.2013 | Business

In the ongoing European financial crisis, another country has emerged as the focus of serious bailout concern. Slovenia is spooking global markets tha...

Thomas Friedman on Timeouts

Robert Teitelman | Posted 06.10.2013 | Media
Robert Teitelman

Friedman has stumbled upon a nifty cliché, perhaps while watching March Madness, and then tried to fit the world and his own favorite causes around it. To make it work he has to distort the past and exaggerate the present, like a petulant parent.

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

AP | By MENELAOS HADJICOSTIS | Posted 05.30.2013 | 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...

5 Reasons You Should Care About Cyprus

Richard Barrington | Posted 05.28.2013 | Business
Richard Barrington

Unless you're a student of history or are planning a Mediterranean vacation, you may never have given the island of Cyprus much thought. Then suddenly, it dominated the headlines. What does a banking crisis in a small and far-off land mean to you?

Inequality Is Not a Problem That Taxes Can Fix

David Paul | Posted 05.25.2013 | Politics
David Paul

If our economic model is working for a decreasing share of the population over time, democratic pressures will ultimately demand not just changes to the system of measurement, but to the system itself.

Russian PM: Cyprus Bailout Deal Is Essentially Theft

AP | Posted 03.25.2013 | Business

MOSCOW -- A spokesman for Russian President Vladimir Putin says the president has asked the government to restructure a 2.5 billion euro ($3.2 billion...

Cyprus -- The Nightmare Scenario

Laurence J. Kotlikoff | Posted 05.24.2013 | World
Laurence J. Kotlikoff

The Cypriot banks did what all banks do. They gambled. They borrowed money by taking in deposits as well as selling bonds, promised to repay, and then invested in assets they were sure would pay off. These assets included lots and lots of Greek government bonds.