The rise from the ashes of the American and world economies has been slow and is likely to continue to be slow, at least in the world's highest income countries

Sunday's package should make it possible for Greece to borrow short-term but it takes courage to lend for 5 or 10 years to the Greeks unless there is much more fundamental change.

So here we go again. To uncover the real culprits of the current euro crisis we first have to follow a common thread of this crisis -- government borrowers who need capital hire bankers.

Government bond yields are rising rapidly today (currently the 10-year rate is around 7.5 percent). Unless there is rapid action by the international community, this has the potential to get out of control.

What the experts have failed to notice is that the Greek crisis may turn out to be one of the best things to have happened to the European Union.

ATHENS, Greece — Moody's credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of th...

BRUSSELS — European leaders are facing a moment of truth at a Thursday summit, as markets press them to come up with a financial safety net for ...

Here's the Armageddon scenario: First Greece defaults, then Portugal, then Spain. Is the viability of the euro currency an issue? Rather than relying on predictions, there are some practical steps you can take to protect your portfolio.

Editor's Note: This post has been removed from the Huffington Post....

For the past few months, much commentary on the economy --some of it posing as reporting -- has had one central theme: policy makers are doing too muc...

Did big banks break the law during our recent global debt-fuelled boom? The usual answer is: no - they just took advantage of loopholes and captured ...

The finance industry's jargon keeps people from figuring out what's going on. Traders and brokers have come up such complex instruments that even financial journalists don't understand the markets.

BRUSSELS — European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might b...

PARIS — Speculators beware: The euro zone's biggest powers will back Greece through the debt crisis that has jeopardized all 16 nations in the c...

What's the real reason Greece is in so much trouble? Old people. The country has a massively generous pension system that's breaking the government...

ATHENS, Greece - (By NICHOLAS PAPHITIS, AP) Greece has announced a new austerity plan worth euro4.8 billion ($6.5 billion) in savings to deal with the...