If invested with popular legitimacy, Europe's success will depend on balancing it with long-term focused meritocratic governance and avoiding capture by short-term and particular special interests. A middle Way between West and East is indeed necessary.
FRANKFURT, Germany (AP) ā Europe's banking regulator says eight of 90 banks flunked stress tests that project how they would fare in another recessi...
Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eu...
Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eu...
The European Central Bank is acting as if it can dictate terms to Greece, but Greece is a sovereign country. As U.S. banks found out, when someone owes you money and they can't pay it back, you are in as much trouble -- sometimes more -- as they are.
FRANKFURT, Germany -- European Central Bank President Jean-Claude Trichet is saying Europe faces continuing inflation risks despite the economic diffi...
ST. CLOUD, Minnesota (Reuters) - The Federal Reserve Bank should continue to flood the economy with cheap money to fight high unemployment, but poli...
(Reuters) - European Central Bank President Jean-Claude Trichet warned on Sunday against raising wages in the euro zone as inflationary pressures he...
How was the international reaction to the Fed's massive quantitative easing plan? Decidedly not good.
The Fed's program, in which it will buy up to ...
BERLIN (BY JUERGEN BAETZ, Associated Press) - Europe's debt crisis flared again Wednesday as Spain saw its credit rating lowered, just as Germany soug...
The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan.
The fact that an agreement was found is a tribute to the capability of Europeans to compromise. But their agreement compromises the status of the Euro as a reserve currency.