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.
Chancellor Merkel and her policymakers have been acting on the basis that Greece is an isolated case. Yet every reactive decision and feeble measure by Berlin increases the likelihood of a Greek tragedy becoming a Europe-wide one.
PARIS -- France's prime minister said Saturday his country will push ahead with cost-cutting measures after its top-tier debt rating was downgraded, a...
Standard & Poor's Ratings Services slashed the credit ratings of nine eurozone countries on Friday, marking a deterioration in confidence in the troub...
We need to prove that the European Union is made of countries with a flexible yet robust productive base capable to innovate, attract new ideas and boost entrepreneurship.
PARIS -- Moody's downgraded the credit ratings of French banks Societe Generale and Credit Agricole on Wednesday following a period of huge volatility...
On Friday, Standard and Poor's downgraded the credit of the United States for the first time in history, leaving only thirteen countries in the world ...