Eurozone Crisis

Europe's Single Currency in Peril

EVENTUALLY every long-running drama, from “Downton Abbey” to “Dr Who”, feels formulaic. So it is with Greece’s debt saga. For five years it has follow...(full article)

The brinkmanship over Greece and its debts continues. A meeting of finance ministers in Riga on Friday is likely to pass, like many previous make-or-break moments, without resoluti...(full article)

The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monet...(full article)

It's worth recalling how Greece got behind the velvet rope of the euro club in the first place -- by cheating. The country couldn't clear the 3 percent deficit-to-gross-domestic-pr...(full article)

With negotiations faltering, the rhetoric intensifying and a daunting payment schedule ahead, there is mounting concern that the latest disagreements over Greece may be more than j...(full article)

Most Recent Articles

That Old-Time Economics - Paul Krugman, New York Times

BRUSSELS — America has yet to achieve a full recovery from the effects of the 2008 financial crisis. Still, it seems fair to say that we’ve made up much, though by no means all...

Everybody Hates the Euro - Mark Gilbert, Bloomberg View

Currencies are the equivalent of company share prices, only for countries or regions. In the same way as investors favor the stocks of well-run companies with healthy profit outloo...

Understanding Draghi - Mohamed El-Erian, Bloomberg View

The harder part of the journey is ahead, and the ECB has yet to get the policy support it needs from member governments....

German Priorities and Eurozone Myths - Wolfgang Schauble, NY Times

The fact that the immediate sting of the global financial crisis has faded in much of the world has probably contributed to this complacency. Unfortunately, however, the world econ...

It's Time for Greece to Consider Leaving the Euro - P. Smith, Fiscal Times

Slower than a roller coaster but faster than a glacier, Europe advances toward a denouement on the Greek questions—and there are several at this point. Fearful of the answers...

Lessons in Reform from...Italy? - Klaus Zimmerman, Wall Street Journal

Rome could teach Paris a few things about how to push ahead with difficult but necessary reforms....

Eurozone Revival: Don't Get Too Excited - The Economist

RECOVERY (noun): restoration to a former or better condition. The euro zone is at last enjoying an upturn. Economists are savouring the unaccustomed pleasure of revising their grow...

Grexit: The Moment of Truth Draws Near - Andy Langenkamp, RCWorld

The eurozone and Greece can no longer simply trade accusations over who is to blame for the crisis. Athens' creditors must admit that eventual debt restructuring is inevitable. The...

The Eurozone Might Be just Fine without Greece - Richard Barwell, WSJ

It’s time to think more seriously about this possibility....

Greece Is Desperately Short of Cash - The Economist

ALEXIS TSIPRAS, the Greek prime minister, and his radical Syriza party are beginning to feel the heat. Two months of bluster by Greece’s first left-wing government have faile...

The Squeeze Tightens on Greece - Economist

The euphoria that swept the country after Syriza’s election victory in January has subsided. Greece’s creditors are tightening the squeeze on the brash, inexperienced g...

Spain's Economy Bounces Back - Christoph Pauly, Der Spiegel

After years of being one of Europe's shakiest economies, Spain has managed to institute strict reforms and bring back economic growth. But job numbers and research funding lag behi...

Greece and the Politics of Arrears - R. Kahn, Council on Foreign Relations

Greece is running out of money. Greek Prime Minister Alexis Tsipras's meeting this week with German Chancellor Angela Merkel has taken some of the toxicity out of the conversation ...

A Greek Surprise - Wall Street Journal

Creditors no longer fear that Greece might leave the euro....

How Greece's Problems Always Go Global - David Patrikarakos, Daily Beast

Last year I took a trip with my father to Messolonghi, in western Greece, to visit the monument to Lord Byron in the city’s Garden of Heroes. The 19th-century English poet ha...

Brinksmanship in the Eurozone - New York Times

Nobody expected that the discussions between Greece and the rest of the eurozone about a new loan agreement would go smoothly. But things seem to be going even worse than expected,...

Europe Should Give Greece a Chance - Yannis Dragasakis, Financial Times

We risk condemning an entire generation to a future without hope...

How Far Will the Euro Fall? - Anatole Kaletsky, Project Syndicate

The US dollar is hitting new 12-year highs almost daily, while the euro seems to be plunging inexorably to below dollar parity. Currency movements are often described as the most u...

Europe's Great Greek Chasm - Nikos Konstandaras, New York Times

When voters elected Syriza on Jan. 25, they were expressing hope for the impossible mission that it promised: loosening austerity and slashing the country’s debt while maintainin...

Brussels and Berlin Fight over Greece's Fate - Der Spiegel

Jean-Claude Juncker understands the importance of symbols in politics. When he became president of the European Commission last fall, he surprised the political powers that be in B...

Why Is Germany Hellbent on Austerity? - Paul Hockenos, The Nation

Berlin—Weimar-era hyperinflation, Prussian thrift, the staggering cost of German unification: These explanations, among others, are regularly trotted out (by outsiders) to explai...

Strength Is Weakness - Paul Krugman, New York Times

Actually, the strong dollar is bad for America. In an immediate sense, it will weaken our long-delayed economic recovery by widening the trade deficit. In a deeper sense, the messa...

Revisiting the Big Plan to Save the Euro - Valentina Pop, Wall Street Journal

Three years on, there has been no progress on forming a deeper economic and monetary union....

Euro Debt Is Seriously Risky - Mark Gilbert, Bloomberg View

On Tuesday, Mario Draghi's European Systemic Risk Board published a report backing the argument for change, noting in particular that the more money banks allocate to government de...

How China Plans to Beat the Dollar - M. Gilbert, Bloomberg View

The U.S. dollar's continuing ascent against almost every other currency in the world is capturing all of the attention in the foreign exchange markets. It's on such a tear that eve...

Deflation Is Good News for Eurozone - Daniel Gros, Project Syndicate

In today's global economy, there is no price as important as that of crude oil. More than 80 million barrels are produced (and consumed) daily, and a large part of that output is t...

A Talk with Piketty: The Eurozone Is a Monster - Heyer & Pauly, Spiegel

We may have a common currency for 19 countries, but each of these countries has a different tax system, and fiscal policy was never harmonized in Europe. It can't work. In creating...

European States Have a Choice: The Euro or Sovereignty - Clive Crook

This week, the European Central Bank started buying bonds under its new quantitative-easing program. Last Thursday, its president, Mario Draghi, declared that a stronger euro-area ...

Europe Is Being Torn Apart, Slowly and Painfully - Garton Ash, Guardian

This monetary union without a political one will continue to cause suffering and divide the north from the south...

Is the Euro Compatible with Democracy? - Philippe Legrain, FP

“New elections change nothing,” asserted Germany’s finance minister, Wolfgang Schäuble, ahead of the Greek vote in January that swept into office a radical-left government p...

The Troubles That Await Europe - Andy Langenkamp, RealClearWorld

The events of recent weeks have done absolutely nothing to improve the personal ties between the Greek government and its European counterparts. Grandstanding, mutual accusations o...

There's No Such Thing as a Happy Grexit - Jean Pisani-Ferry, PS

PARIS – Earlier this week, following days of tense discussions, the new government in Athens reached an agreement with its eurozone creditors that includes a package of immediate...

Germany's Economic Mannschaft Prevails - Fabio Fiallo, RealClearWorld

The German soccer team, the Mannschaft, four times a World Cup winner, has built its reputation not so much on theatrics, but on two less flamboyant qualities: team spirit (Mannsch...

Greece Lifts China's Mediterranean Hopes - Emanuele Scimia, WPR

While the world watches the ongoing debt negotiations between Greece and its international creditors mainly for their impact on the Greek and eurozone economies, the talks have alr...

Europe's Hard Left Took a Good Thumping - Mark Gilbert, Bloomberg View

The Greek government's apparent capitulation in debt negotiations with its euro partners makes it less likely that Athens will be forced out of the common currency. The real winner...

Angela Merkel's Moment of Truth - Joschka Fischer, Project Syndicate

In the last two weeks, the two crises confronting Europe – in Ukraine and Greece – both escalated. In each case, Germany and its chancellor, Angela Merkel, were at the heart of...

Germany Is Giving Greece One Last Chance - Leonid Bershidsky, Bloomberg

Contrary to all that's been said about Germany's uncompromising stand on helping Greece, Berlin showed today that it's willing to give the far-left government of Alexis Tsipras a c...

A Greek Deal Can't Fix Euro, and that's Tragic - Gideon Rachman, FT

There has rarely been a period when it is more urgent for Europeans to work together....

Syriza Had a Chance to Fix the Eurozone. It Blew It - The Economist

CLIP-CLOPPING around Europe over the past few weeks, Yanis Varoufakis, Greece’s dashing finance minister, has urged the euro zone to chart a new course. Endlessly forcing new loa...

What Would Happen if Greece Leaves the Eurozone? - Der Spiegel

Banks across Europe, including the European Central Bank, are preparing for the possibility of Greece leaving the euro zone. With Athens and Brussels still at odds, such an eventua...

Polish FM: Months to Save Euro

The Latest Videos from Around the WorldPolish Finance Minister Jacek Rostowski discusses the debt crisis affecting Europe and steps needed to be taken.Posted on September 16, 2011...

Eurozone News

Quake-aid need acute in Nepal capit

The death toll from Saturday's massive earthquake soared past 3,700....

Justice Ginsburg has already made u

Ruth Bader Ginsburg, the 82-year-old leader of the Supreme Court’s minority liberal wing, has cast...

Thousands expected at Monday's fune

BALTIMORE (AP) — Thousands were expected Monday at a funeral for a man who died after sustaining s...

Defense to begin arguments to spare

By Scott Malone BOSTON (Reuters) - The trial of the convicted Boston Marathon bomber enters a new an...

Lynch inherits civil rights probes

By Richard Cowan WASHINGTON (Reuters) - A string of deadly confrontations between mostly white polic...

Eurozone from RealClearMarkets

Eurozone from The Compass Blog

Southern Europeans Don't Trust Thei

Less than one-in-five residents of Portugal, Spain, Greece and Italy say they have confidence in the...

Why Did Angela Merkel Win a Third T

The results are in: Angela Merkel will remain queen chancellor of Germany for another four years. ...

Who Doesn't Trust Banks? Europeans

Europeans are more likely to distrust banks than anyone else around the world, according to a new ...

Greek Parliament Member Yells "Heil

An MP for the ultra-right Golden Dawn party, Panayiotis Iliopoulos, was ejected from a session in ...

Some of Greece's Best Are Fleeing t

Over 120,000 Greek professionals have fled the country since 2010, according to a study from Unive...

EU Countries and Eurozone

  • EU countries in the Eurozone
  • Austria (1999)
  • Belgium (1999)
  • Cyprus (2008)
  • Finland (1999)
  • France (1999)
  • Germany (1999)
  • Greece (2001)
  • Ireland (1999)
  • Italy (1999)
  • Luxembourg (1999)
  • Malta (2008)
  • Netherlands (1999)
  • Portugal (1999)
  • Slovakia (2009)
  • Slovenia (2007)
  • Spain (1999)
  • EU countries not in the Eurozone
  • Bulgaria
  • Czech Republic
  • Denmark
  • Estonia
  • Hungary
  • Latvia
  • Lithuania
  • Poland
  • Romania
  • Sweden
  • United Kingdom