Eurozone Crisis

Europe's Single Currency in Peril

Last week, a funny thing happened on the way to the Acropolis. The bad, reckless Greeks, the mad shower who had defaulted on €100 billion of debt, went back into those markets...(full article)

Greece's welcome return to financial markets after years of austerity shows Europe's economy is on the mend. Belt-tightening in the most-troubled euro nations is leading to growth....(full article)

American foreign policy may look like it's in shambles sometimes, but the world doesn't seem to think so. According to Gallup's US Global Leadership Project, a gigantic survey of o...(full article)

Low interest rates in the US and Greece are not a sign of recovery, but a warning of permanent stagnation, creating the potential for future financial instability...(full article)

Before placing too much weight on the market’s apparently rosy assessment of Greece’s economic prospects, it is well to recall the market’s very poor track record in antici...(full article)

Most Recent Articles

Dithering Francois Stunned into Action - Anne-Elisabeth Moutet, Telegraph

After a revolt by voters, and losing ground to the far Right, the President of France had little choice but to promote 'Sarkozy’s clone.'...

Devastating Losses for France's Socialists - The Economist

A crushing defeat at French local elections has intensified pressure on François Hollande to reshuffle his government. At a second round of voting on March 30th, Mr Hollande’s S...

Can Matteo Renzi Fix Italian Politics? - Rob Edens, RealClearWorld

His dazzling ascent to Italy's highest political office is only matched by his prodigious ambitions. With a hyperactivity not seen in Europe since the early days of Sarkozy, for th...

The Educated Young Are Fleeing Europe - Daniel Tkatch, The European

They're getting out while the getting's good....

Greece's Desperate Youth - Theodora Matziropoulou, Suddeutsche Zeitung

It’s Saturday evening in Thessaloniki, and near my apartment building I’m approached by a young man I suspect is a drug addict. He asks me for money....

Regulation on Yogurt Is Blocking Greek Recovery - Peter Gumbel, Reuters

The news that Greek-style yogurt maker Chobani is looking to sell a minority stake that would value the company at around $2.5 billion should in theory be a big boost for Greece&rs...

What Really Went Wrong in Greece? - Daniel Gros, Project Syndicate

What went wrong in Greece was not the fiscal adjustment. On the contrary, austerity was perhaps too successful (and painful). But it was the wrong target....

How David Cameron Could Reshape Europe - Fraser Nelson, Spectator

If David Cameron were to divide Europe up, he’d make some crude distinctions. There would be the basket cases, like Italy, Spain, Greece, France — examples, by and larg...

Will Italy Accept Renzi's Reforms? - Milton Ezrati, The National Interest

Renzi’s rhetoric certainly sounds encouraging to pro-reform elements in Italy and elsewhere in Europe. He has hit on well-known elements advanced by Monti, recommended by the...

Europe Flirts with Deflation - New York Times

Some analysts and public officials say the beleaguered euro zone is finally on the road to recovery. Unemployment has decreased slightly, though it remains high at 12 percent, and ...

The Clash Between Necessity & Identity in Europe - Jan Techau, Carnegie

No matter how one twists and turns the needs of Europeans in the twenty-first century, it is hard to avoid more integration—not across the board toward an ever closer union, but ...

From Karlsruhe to Luxembourg: Judging Mario Draghi - Josef Joffe, WSJ

Leaders in Germany and beyond are secretly delighted with the European Central Bank chief....

Eurozone Crisis Is Just Getting Started - Jeremy Warner, Daily Telegraph

On the face of it, they seem worlds apart. Switzerland’s referendum vote against the free movement of labour, the ruling by the German Constitutional Court on the European Centra...

Saving Europe - Strobe Talbott, Brookings Institution

here will be no peace in Europe if the states are reconstituted on the basis of national sovereignty… The European states must constitute themselves into a federation....

The Threat of Another Euro Crisis - Gideon Rachman, Financial Times

The intellectual groundwork has been laid for a “stab-in-the-back” theory that will explain Germany’s problems by reference to the illegal and improvident acts of the Europea...

The One Law That Rules Europe - Juliane Mendelsohn, The European

The euro cannot be allowed to fail. Even pedantic German courts start to realize that now – thank goodness....

Europeans Are Telling the EU to F*** Off, Too - Alex Berezow, RCW

Now, the EU is upset. Or, at least Angela Merkel, the de facto empress of the EU, is pretending to be. However, what you won't hear in all of the press coverage is that "f*** the E...

A Greek Tragedy Still Looms for Europe - Dan O'Brien, Irish Independent

While the world's gaze has been elsewhere over the past 18 months, Greece remains by far the weakest link in the chain that holds the 18 states of the eurozone together. The Greek ...

The Reform Split in Southern Europe - Financial Times

Almost four years since the start of Europe’s sovereign debt crisis, the debate on the effectiveness of the eurozone response is still far from settled. In particular, economists...

The Eurozone Is a Danger to the World - Jeremy Warner, Daily Telegraph

Emerging markets are making headlines as they jack up interest rates to defend their currencies, but it is the eurozone that is still in a really bad way....

The Bull in the Eurozone's China Shop - Ullrich Fichtner, Der Spiegel

German Central Bank head Jens Weidmann has developed a reputation in Europe for saying no to everything. He is skeptical of efforts to save the euro and isn't shy about saying so. ...

Will U.S.-EU Trade Become Too Free? - Michaela Schiessl, Der Spiegel

Opposition to the planned new trans-Atlantic free trade agreement is growing. So far, criticism has focused on the fact that the deal seems directed exclusively at economic interes...

Modern Greece: A Nation Born in Debt - Richard Werly, Le Temps

So what is the solution to the Greek debt crisis? The question also tormented Eynard between the 1830s and 1850s. Ultimately, the wealthy banker, who earned his fortune two decades...

Can Privatization Save Greek Treasures? - C. McDonald-Gibson, Time

Many objects dug from the earth or drawn from the legends of Nemea could be used to promote the ancient Greek site: the mythological Nemean Lion slain by Hercules in the first of...

The Real Scandal in France - Paul Krugman, New York Times

I haven’t paid much attention to François Hollande, the president of France, since it became clear that he wasn’t going to break with Europe’s destructive,...

Failing Elites Threaten Global Stability - Martin Wolf, Financial Times

The failures of Europe’s political, economic and intellectual elites created the disaster that befell their peoples between 1914 and 1945. Their ignorance and prejudices allo...

Europe Limps on in the Year Ahead - Chase Gummer, American Prospect

he last meeting of the European Council in December 2013 was absent of much concern for economics. Instead the Council, a body made up of heads of EU states, who come together twic...

Looking for Lessons in Iceland's Recovery - Guido Mingels, Der Spiegel

In 2008, Iceland experienced one of the most dramatic crashes any country had ever seen. Since then, its recovery has been just as impressive. Are there lessons to be learned? SPIE...

Don't Get Complacent About the Euro Crisis - The Guardian

Widely predicted to be shedding countries by now, if not melted right down to a core, the euro instead started 2014 by adding a member, as Latvia joined the single currency club. T...

Can Francois Do a Gerhard? - The Economist

The president is talking reform. It is in his interest, and his country’s, that he should carry it out....

Has Greece Turned the Corner? Nope - Pauly, Schmitz & Schult, Der Spiegel

Greece, which took over the European Council presidency on Jan. 1, claims it is returning to economic health and is even expecting modest growth this year. But a closer look raises...

The Fall of France - Janine di Giovanni, Newsweek

The official unemployment figure is more than 3 million; unofficially it’s more like 5 million. The cost of everyday living is astronomical. Paris now beats London as one of the ...

Biggest Losers of 2013 - Walter Russell Mead, The American Interest

What a difference a year makes. The US has been forced to pivot back to the Middle East, and not because things were going well. Al Qaeda is back, having successfully morphed from ...

Look Who Likes the Anglo-Saxon Econ Model Now - Henrik Muller, Spiegel

Should the European Central Bank follow the Anglo-Saxon model and buy up vast quantities of sovereign bonds in attempt to finally overcome the euro crisis? ECB head Mario Draghi is...

Can Greece Repair Its Reputation? - Colin Freeman, Daily Telegraph

Brussels bureaucrats are not known for their humorous side, nor indeed are German politicians or Eurozone finance chiefs. But anyone wandering through Syntagma Square in Athens the...

Can Britain Really Outpace Germany? - Martin Vander Weyer, Telegraph

You can’t be a winner unless someone else is a loser. That, in a nutshell, is why some economists foresee Britain leapfrogging France and Germany to become Europe’s biggest eco...

Austerity Is Hollowing Out Europe's Armies - The Economist

The truly alarming prospect is that Europe is demilitarising so fast. Forget about euro-troops crying “Banzai!” Worry instead that the endless pruning of brigades, tanks, ships...

France in Distress - John Vinocur, Wall Street Journal

Ditching the 35-hour week could be the first part of a big bang course-correction that might help rid the president of his reputation for indecision and serve as a bona fide for a ...

Merry Christmas, Europe -- You've Been Downgraded - Alex Berezow, RCW

The EU should not be lulled into a false sense of security because its long-term health is still uncertain. That message is true, regardless of how imperfect the messenger....

In Europe, Banks Hold the Real Power - Juliane Mendelsohn, The European

The Banking Union is a milestone in European integration and shared responsibility. It reflects all the truths and lessons of the past years back at us: the crisis has already prov...

Angela Merkel All Alone - The Economist

MAYBE it is the strongest sign that Europe’s leaders think the worst of the euro-zone crisis is over. For nearly four years Angela Merkel, the German chancellor, has been all-dom...

EU Is in Denial over Its Failed Currency - Jeremy Warner, Daily Telegraph

Rarely has the economic gulf that separates the English-speaking world and continental Europe looked quite as wide as it does today. While much of the eurozone remains mired in an ...

Is Fascism Returning to Europe? - F. Finchelstein & F. Bosoer, NY Times

Broadly speaking, populist movements, which tend to gain traction following the implementation of austerity measures, are an attempt to redress perceived crises of representation i...

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

What's on the new 'real world' SAT?

Sample questions from the redesigned college entrance exam released....

Lab loses vials containing SARS vir

Vials Containing SARS Fragments Not Dangerous, But Hint at Vulnerability...

Chelsea Clinton: I might run for of

NEW YORK (AP) — Chelsea Clinton says she's happy right now with her elected representatives ...

Separatists take armor from Ukraine

Pro-Russian separatists humiliated a Kiev government operation to recapture eastern towns....

Families face agonizing wait after

By Narae Kim JINDO, South Korea (Reuters) - For the parents of the many teenagers still missing afte...

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