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Sovereign Debt Crisis

Government Trust Takes A Hit From Economic Crisis

AP | RAF CASERT | Posted 01.23.2014 | World

BRUSSELS — BRUSSELS (AP) — A leading international economic think-tank says the financial crisis of the past few years has severely sapped con...

The Bank Guarantee That Bankrupted Ireland

Ellen Brown | Posted 01.23.2014 | Business
Ellen Brown

The Irish have a long history of being tyrannized, exploited, and oppressed -- from the forced conversion to Christianity in the Dark Ages, to slave t...

15 Things to Know About the U.S. Debt Ceiling and Sovereign Defaults

Sophie Milrom | Posted 01.23.2014 | Business
Sophie Milrom

The US debt ceiling is a legislative limit on the US Treasury's ability to borrow money. It was first created in 1917 and can be modified by Congress. As of this month's agreement, the debt ceiling has been raised 79 times since 1960.

EU Set To Back Joint Bank Supervision

AP | JUERGEN BAETZ | Posted 10.15.2013 | World

LUXEMBOURG -- LUXEMBOURG (AP) — European Union officials were set to approve the creation of a central banking supervisor Monday, even though they s...

Banks and IMF Ganging Up on Sovereign Debtors

Janet Tavakoli | Posted 01.23.2014 | Business
Janet Tavakoli

The Fed's lending to the global banking system through front and back doors has distorted the value of U.S. dollar. Foreign central banks engage in money printing to keep in step. As a result, we've inflated distorted asset bubbles on a scale never before seen in the history of the world.

Greece Stages General Strike Over State Job Cuts

AP | DEREK GATOPOULOS | Posted 09.15.2013 | World

ATHENS, Greece — Unions opposing austerity measures in Greece staged their fourth general strike this year on Tuesday, as the government prepare...

LOOK: Thousands Rally Against European Austerity In May Day Protests

Reuters | Posted 07.01.2013 | World

By Clare Kane MADRID, May 1 (Reuters) - Workers hit by lower living standards and record high unemployment staged May Day protests a...

What Happened To France's Voice In Europe?

Reuters | Posted 06.24.2013 | World

By Luke Baker and Mark John BRUSSELS/PARIS, April 24 (Reuters) - A few hours after midnight one Sunday last month, as negotiations ove...

Italian Election Results Renew Euro Zone Crisis Fears

Reuters | Posted 04.28.2013 | World

By Sudip Kar-Gupta LONDON, Feb 26 (Reuters) - European shares tumbled on Tuesday after an Italian election stalemate threatened a rene...

Italian Election Results Have Investors Worried

Reuters | Posted 04.27.2013 | World

* Beppe Grillo's 5-Star Movement stuns Italy * Centre-left coalition wins lower house but fails to control Senate * Fin...

Woman Commits Suicide In Face Of Eviction

AP | HAROLD HECKLE | Posted 11.19.2012 | World

MADRID -- A woman in Spain jumped to her death as bailiffs approached to evict her Friday from her fourth-floor apartment for failing to pay the mortg...

Racist Attacks Increase Amid Greek Crisis

AP | ELENA BECATOROS | Posted 11.12.2012 | World

ATHENS, Greece -- The attack came seemingly out of nowhere. As the 28-year-old Bangladeshi man dug around trash bins one recent afternoon for scrap me...

Austerity Protests Descend Into Violence

AP | DEREK GATOPOULOS | Posted 12.18.2012 | World

ATHENS, Greece — Hundreds of youths pelted riot police with fire bombs, bottles and chunks of marble Thursday as yet another Greek anti-austerit...

To No One's Surprise, Corruption Is A Problem In Italy

AP | Posted 10.14.2012 | World

ROME -- Italy's justice minister is warning that rampant corruption by politicians' pilfering public funds is reaching unprecedented levels, just as t...

Protests Mark Merkel's First Greece Visit During Crisis

Reuters | Posted 12.08.2012 | World

By Noah Barkin and Karolina Tagaris ATHENS, Oct 9 (Reuters) - German Chancellor Angela Merkel flew to the heart of Europe's debt cris...

El Huffington Post Blog: How Spanish Youth Lost The Battle Against Unemployment

Posted 10.08.2012 | World

Last week, blogger Carlos M. Duarte published a post on HufPost Spain about how his daughter, who despite having a master's degree and proficiency in ...

7,000 Greek Police To Crack Down Before Merkel Visit

AP | NICHOLAS PAPHITIS | Posted 12.08.2012 | World

ATHENS, Greece — Greek police have increased security and are preparing to close down large sections of the capital Athens to contain protests a...

What Is Hollande's Plan For France?

Reuters | Posted 12.07.2012 | World

By Mark John PARIS, Oct 7 (Reuters) - Just five months after bringing Francois Hollande to power, many French voters are already desp...

Dozens Of Cities March Against Austerity

AP | HAROLD HECKLE | Posted 12.07.2012 | World

MADRID — Tens of thousands of people marched in 56 Spanish cities Sunday to protest punishing austerity cuts they say will only increase unemplo...

Inflation Is Not the Solution to the Economic Crisis

Sheldon Filger | Posted 10.20.2012 | Business
Sheldon Filger

Why would inflation, a fiscal and monetary circumstance which human beings by instinct regard as an ill omen, be seen in such positive hues by economists as renowned as Nobel Prize winner Paul Krugman?

5 Reasons For Spain's Economic Fail

Posted 07.24.2012 | World

MADRID — Spain's financial crisis is a lot like peeling an onion: remove one troubled layer and you expose another. Repeated efforts since 2009 b...

Spaniards Fleeing Country In Economic Crisis

AP | Posted 09.16.2012 | World

MADRID — The number of Spaniards leaving the recession-wracked country was up 44 percent in the first six months of 2012 compared with the same ...

Greek Deputy Minister Quits Over Debt Talks

AP | Posted 09.08.2012 | World

ATHENS, Greece — A deputy labor minister resigned on Monday from Greece's new coalition government, saying it should have pressed harder to rene...

Greek Finance Minister Resigns

AP | ELENA BECATOROS | Posted 08.25.2012 | World

ATHENS, Greece — The banker who was chosen to be Greece's next finance minister resigned for health reasons Monday three days after he was rushe...

Soccer Soothes Countries In Crisis

AP | MENELAOS HADJICOSTIS and DAVID RISING | Posted 06.20.2012 | World

ATHENS, Greece -- Chancellor Angela Merkel watched Germany weather the storm and emerge with flying colors, while other European countries simply flou...