EU leaders have vowed to set up a banking union during the course of 2013 after a Franco-German spat held up agreement on exactly when this vital crisis-fighting tool might come into force.The decision took place
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Inspired by the recent rise of neo-Nazi aggressive behavior and violent activities in Greece, cartoonist Carlos Latuff, based in Rio de Janeiro, drews this cartoon that depict the strength of Neo-Nazism in Greece as an immediate result of the economic crisis.
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Comparing the EU with a push-me-pull-you beast, political risk consultant Dr. John Hulsman predicts that the union should either go for further substantial integration and unification, or cease to exist as a geopolitical entity.
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Last Friday the World Trade Organization dropped it estimates for global trade growth. For 2012, the estimate was dropped to 2.5 percent from 3.7 percent. For 2012, the estimate was reduced to 4.5 percent from 5.6 percent.
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Anti-Immigrant Golden Dawn Makes Gains With Voters Frustrated With the Political Establishment
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economists at U.S. bank Citigroup have revised their view that Greece will almost certainly leave the euro, saying key euro zone players seem to have decided a Greek exit would do more harm than good.Public spending cuts
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Germany held firm on Friday in insisting it was too soon to say Greece deserved more time to meet its deficit-cutting goals even as the head of the International Monetary Fund laid out the case for leniency.
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While some Europeans swelled with pride when the European Union won the Nobel Peace Prize, howls of derision erupted from the continent's large band of skeptics
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Repitch, by occasion of Merkel's (forced) visit in Greece... Short vist...only 6 hours long... since there is no police force left to cover the need for a second shift of keeping Greek people away from their airport/avenues/parliament and back...
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Merkel is to visit Greece amidst local protests and speculation about whether Greece can stay in the eurozone. Top European officials have launched a new fund to help achieve this, but want to see Greece to do more.
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The International Monetary Fund has urged Eurozone leaders to act swiftly in response to the debt crisis in Greece and Spain, or risk dragging down the global economy with another financial crisis.
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Greece Prime Minister says that Greece risk seriously a social collapse and is in the same conditions as Germany was under the Weimar Republic. The neonazi movement Golden Dawn is increasing and the risk the country goes into a blind alley is very high
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Greece will not reach a deal with European debt inspectors on fresh austerity measures before a vital meeting on Monday, officials said, even as IMF managing director Christine Lagarde described talks as "very productive".
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Greece is in a downward spiral. Over the last year or so, the country has seen a collapse in everything from the GDP to land prices and the nationwide recession is to blame. While land deals are at a minimum, everyone is gearing up for what could be another huge drop in prices over the next couple of years.
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Τhe leadership of Europe’s change in stance toward Greece is anything but irrelevant, unless we admit that politics was finally beaten by the market.
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If you thought September was eventful, October offers plenty more opportunities for European officials to either soothe or aggravate the euro zone’s long-running debt crisis.
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Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency,
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Europe's fragile financial calm was shattered Wednesday as investors worried that violent anti-austerity protests in Greece and Spain's debt troubles showed that the region still cannot get a grip on its financial crisis
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Efforts by eurozone countries to agree on how to recapitalise struggling banks appeared to be in disarray on Wednesday with conflicting interpretations of what was agreed by EU leaders at a summit barely three months ago.
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An independent audit on Spanish banks, which along with an austerity budget appears to prepare the way for a government bailout, is likely to show on Friday that troubled lenders need around 60 billion euros (47.5 billion pounds) to return to health.
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Violent anti-austerity protests have flared across two eurozone countries, reminiscent of scenes from months past.
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Greece and representatives of its international lenders agreed to take a week off from talks to carve out an 11.5-B Euro budget-cut package that’s Key to receiving aid funds.The International Monetary Fund,
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German Chancellor Angela Merkel says her “heart bleeds” for Greeks suffering a crushing economic crisis and defended Bundesbank President Jens Weidmann’s criticism of plans by the European Central Bank to buy bonds of indebted countries.
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German Foreign Minister Guido Westerwelle said progress made this month on European bailout funding and central-bank intervention may prove to be the turning point in tackling the debt crisis in the euro zone.
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German Chancellor Angela Merkel is supposed to be the key player in resolving the euro crisis, The Federal Constitutional Court gave the green light on Wednesday to the 500 billion euro fund
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Thousands of Greeks marched at an annual fair in Greece's second-biggest city on Saturday to protest against a new round of wage and pension cuts demanded by international lenders in exchange for aid to stave off bankruptcy.The demonstration by about 15,000 trade unionists and leftists
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German Chancellor Angela Merkel has expressed her support for the European Central Bank's plan to buy sovereign bonds under strict political conditions.
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Greek Finance Minister Yannis Stournaras has been told during a visit to Berlin by his German counterpart Wolfgang Schäuble that Greece must stay the course in implementing its fiscal reforms.
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The International Monetary Fund's number two official on Friday expressed cautious optimism that Greece would take the necessary steps to put its bailout program back on track. Greece faces a longer recession if the country is forced by EU peers to apply cuts worth 11.6 billion euros
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Greek Prime Minister Antonis Samaras is eager to make an impression, and duly pledged to do his utmost to win back Europe's trust. Fed up with Greece's repeated failure to reform, European leaders including German Chancellor Angela Merkel and French President Francois Hollande bluntly warned Samaras that the country would get no further aid,
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