Eurozone Crisis

Europe's Single Currency in Peril

After tense Eurogroup and European Council meetings, a compromise looks no nearer....(full article)

‘Mediamacro’ is the term I use to describe macroeconomics as it is portrayed in the majority of the media. Mediamacro has a number of general features. It puts much mor...(full article)

The euro was introduced in 2002 as the single currency of the European Union, consolidating the largest trade bloc in the world and creating one of the world's strongest currencies...(full article)

A study of the history of philosophy teaches us that a critical difference between the Judeo-Christian narrative and the thinkers of Ancient Greece relates to the perception of tim...(full article)

German Chancellor Angela Merkel, accompanied by French President Francois Hollande, met with Russian President Vladimir Putin on Feb. 6. Then she met with U.S. President Barack Oba...(full article)

Most Recent Articles

Euro Crisis Won't End until Greece's Debts Are Cleansed - SCMP

We need more money and soon, says Greece. We have no more to give, counters Germany. In a nutshell, that was pretty much the result of a tense meeting between the finance ministers...

Tracing Europe's Political Fault Lines - Economist

WOLFGANG SCHÄUBLE, Germany’s flinty finance minister, summed it up neatly, if inadvertently. “Nobody is forcing anything on Greece,” he told reporters in Bru...

Syriza Hits Many of the Right Notes - Manfred Ertel et al, Spiegel Online

Syriza's victory in the recent Greek elections set off a wave of concern in Europe. But even as the new prime minister tries to woo other leaders, his left-wing government is alrea...

Draghi Hands Off the Crisis - Kaj Leers, RealClearWorld

By effectively cutting off Greek banks from easy money, Mario Draghi is forcing eurozone leaders to take responsibility and make some hard choices. It was about time....

Understanding Grows Regarding Greece - Irish Times

The whistlestop tour of European capitals by Greece’s new leaders is finding doors if not wide open, at least ajar. The mood music is still that Greece must honour its debts,...

It's time to Compromise on Greece - Dirk Kurbjuweit, Spiegel

Angela Merkel, it is often said, has a terrific feel for her people. That's why she is revered by German voters and that's why she wins elections. But what is true in Germany does ...

In Europe's Crisis, a Huge Opportunity for Tories - J. Forsyth, Spectator

For the election campaign, and for the negotiations that might follow it, Syriza’s victory opens some promising vistas....

Greece Has Decided It's Had Enough - Brian Fallow, New Zealand Herald

Greek voters have sent Europe's leaders a message: the austerity policy you have been pursuing in recent years is economically perverse, socially cruel and ultimately subversive of...

The Perils of a Weak Euro - Spiegel

The concern could be felt everywhere at this year's World Economic Forum in Davos, the annual meeting of the rich and powerful. Would the major central banks in the United States, ...

Europe Needs More than QE - Martin Feldstein, Project Syndicate

CAMBRIDGE – Although the European Central Bank has launched a larger-than-expected program of quantitative easing (QE), even its advocates fear that it may not be enough to b...

A Clear Threat of Grexit - Economist

The stakes are high. Although everybody, including Mr Tsipras, insists they want Greece to stay in the euro, there is now a clear threat of Grexit. In 2011-12 Mrs Merkel wavered, b...

Greece's Dilemma, Illustrated - Mark Whitehouse, Bloomberg View

If the new prime minister of Greece, Alexis Tsipras, hopes to make a deal with his country's creditors, time is of the essence. Judging from data on capital flows, Greece's change ...

3 Scenarios for Greece and Europe - Edward Harrison, Foreign Policy

The outcome of negotiations between Greece’s new anti-austerity Greek government and the Troika that is administering their bailout program remains unknown. What is known, ho...

The New Drivers of Europe's Geopolitics - George Friedman, Stratfor

For the past two weeks, I have focused on the growing fragmentation of Europe. Two weeks ago, the murders in Paris prompted me to write about the fault line between Europe and the ...

Now Is a Great Time to Go to Europe - Alex Berezow, RealClearWorld

My wife and I travel to Europe about every eight months. (Photographs? I thought you'd never ask!) In order to minimize costs, we closely monitor exchange rates, preferring to book...

Why Tsipras Could Be the Right Choice - Silke Mulherr, Die Welt

BERLIN — Despite all the warnings from Europe, the Greeks voted for the leader they felt was right. Whether or not Brussels and Berlin like it, the next prime minister of Gre...

The Man Who Could Break Europe - Barbie Latza Nadeau, Daily Beast

Sunday’s elections in Greece could bring to power a party that’s pitting the debt-ridden south of Europe against the rich north. Can its leader’s charisma carry t...

Why Greece's Election Matters so Much - T Papadopoulos, The Conversation

The Greek election on January 25 will be the most important in recent memory. If the pollsters are proven correct, Syriza is poised to win by a large margin and this victory will e...

QE in the Eurozone: Better Late Than Never - Guardian

Two and a half years have passed since Mario Draghi promised to do “what it takes” to save the euro. But it took until Thursday for him to get around to doing what his counterp...

Last Gasp for the One-Size-Fits-All Currency - Telegraph

The fate of the euro dramatically contradicts the fantasy that one size fits all. Trying to operate one currency to satisfy the needs of 19 countries of varying size, wealth and po...

Draghi Opens the Money Tap - Kaj Leers, RealClearWorld

But can the effort succeed without that other important element, the stimulus spending? While Draghi finally pulls out the ECB bazooka to restart borrowing with a bang, he is looki...

QE Won't Solve the Eurozone's Problems - Phillipe Legrain, Foreign Policy

The eurozone is in a dreadful mess. The currency area’s economy is stagnating: It grew by only 0.8 percent in the year to the third quarter of 2014 and remains 2 percent smal...

Why Denmark Won't Follow Swiss Example - Guan Yang, Bloomberg View

I am no fan of the peg, as you can tell by now, but I have absolutely no hope that it will be abandoned any time soon. The best I can hope for is that all the speculation coming fr...

Deflation Goes Global - Liam Dann, New Zealand Herald

We haven’t seen it on a grand scale since the 1930s but it spooked the Swiss last week....

A Square Peg in a Round Euro - Megan McArdle, Bloomberg View

Of the Swiss National Bank's decision to abandon its euro peg, Thomas Jordan, the bank's leader, drily noted that "If you decide to exit such a policy, you have to take the markets...

Europe Is to Blame for the Swiss Franc - Bloomberg View

Tiny Switzerland's travails underline the bigger issue: Europe's inability to restore economic growth. After the 2008 financial crisis and amid the subsequent European debt crisis,...

Why QE Will Probably Fail for Europe - David Wessel, Brookings Institution

Quantitative easing, the label now used for large-scale purchases of bonds by a central bank, is not a new phenomenon. The Federal Reserve, the Bank of Japan and the Bank of Englan...

Today, the Swiss Freaked Out the World - Jordan Weissmann, Slate

It's a "currency tsunami!" It's #Francogeddon! It's ... a financial-world freakout about Switzerland? Yep. Today, Switzerland's central bank shocked investors by abr...

Europe's Dismal Prospects Will Lead to Tumbling Euro - Economist

THIS week marked a milestone in the history of Europe’s single currency. On January 14th the value of the euro slipped to $1.17, the rate at which it was introduced on January 1s...

The Baltic States Complete their Western Turn - The Hindu

To see Lithuania’s euro adoption this month as an entry into a losers’ club is to miss the geopolitical picture wherein several of the ex-Warsaw Pact states have staked...

Greece, Europe's Economic Laboratory - S. MacDonald, National Interest

Like it or not, Greece is now Europe’s laboratory for finding a different path to the challenging mix of too much debt and the need for economic growth that supports democrat...

Merkel to Tsipras: Go on and Jump Then - Kaj Leers, RealClearWorld

Faced with a popular Greek opposition party, Syriza, which demands that Europe either reduce Greece's debts or watch Greece walk out of the eurozone, German Chancellor Angela Merke...

No Way Out for Greece - Josef Joffe, New York Times

HAMBURG, Germany — Another Chapter 11 for Greece, the third in five years — and no exit in sight. The Greeks won’t do the eurozone the favor of absconding from th...

Political Conflict Closes in on Eurozone - Luke Iott, Global Risk Insights

As Lithuania celebrates its entrance into the Eurozone, Greece contemplates its own exit for the second time. With the upcoming elections and the rise of the Syriza Party marking u...

A Euro Exit Threatens Greece More Than Europe - Katinka Barysch, Guardian

When the people of Greece go to the polls on 25 January, they will face some fairly fundamental choices. Contrary to what many politicians and commentators would have you believe, ...

The Euro's Tumble Tells Us EU Policy Is Failing - New York Times

European leaders and central bankers have been saying for years that their economic policies would soon revive the economies of the eurozone. It seems that investors have finally s...

Europe Loses all Reason - Joseph Stiglitz, Project Syndicate

Europe is not a victim. Yes, America mismanaged its economy; but, no, the US did not somehow manage to impose the brunt of the global fallout on Europe. The EU’s malaise is self-...

Weighing Greece's Options - Jacob Kirkegaard, Newsweek

The failure of Prime Minister Antonis Samaras to assemble enough votes to install a new Greek president has resulted in a call for elections for January 25. This worrisome developm...

Europe Debates "Operation Helicopter" - Anne Seith, Spiegel

It sounds at first like a crazy thought experiment: One morning, every resident of the euro zone comes home to find a check in their mailbox worth over €500 euros ($597) and p...

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

How IS became a branding behemoth

The group has quickly evolved into a highly sophisticated multimedia organization....

Jeh Johnson: U.S. is entering ‘ne

Department of Homeland Security Secretary Jeh Johnson warned Tuesday that the United States is enter...

Ukraine president says troops have

Ukraine's President Petro Poroshenko said on Wednesday that government forces had withdrawn fro...

Derailed CSX train in West Virginia

An oil train was still on fire and leaking in West Virginia on Tuesday, a day after it derailed and ...

Philadelphia could get first new ch

By Daniel Kelley PHILADELPHIA (Reuters) - Philadelphia's financially distressed school district, one...

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