Eurozone Crisis

Europe's Single Currency in Peril

As Greece burns, European officials fiddle and Asia braces for another global crisis, my thoughts are on Thailand....(full article)

If Merkel approved still more concessions to keep Greece within the eurozone, the lesson for Italy, Spain and any other nation looking for a bailout would be that brinkmanship wo...(full article)

Superstar economist Paul Krugman wants us to change course, but his solutions are simplistic....(full article)

A limited version of federalism is a less miserable solution than the break-up of the euro....(full article)

There are increasing signs of indifference at the top of the EU over democratic procedures   THE CASE being taken by Thomas Pringle TD on the fiscal treaty and the European Stabi...(full article)

Most Recent Articles

Seeds of EU's Crisis Sown 60 Years Ago - Clive Crook, Bloomberg

The arc of Europe's postwar history is turning toward tragedy. It isn’t just that much of the continent has fallen into a new Great Depression, or that in some countries thin...

Hey, Germany: You Got a Bailout, Too! - Bloomberg

Would it surprise you to know that Europe's taxpayers have provided as much financial support to Germany as they have to Greece? An examination of European money flows and central-...

Europe Needs a Global Rescue - Gordon Brown, Christian Science Monitor

The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the worl...

How Europe Could Sink Obama's Chances - William Galston, New Republic

Europe’s Greek tragedy has now entered its final act, with potentially fateful consequences for the global economy--and for Barack Obama, whose reelection may hinge on the decisi...

Europe: The World's Worst Dentist - Walter Russell Mead, American Interest

European shortsightedness and European selfishness were the prime movers in the great catastrophes of the twentieth century. (The US, too, had its part to play in these disasters...

Time to Brace for Inevitable 'Grexit' - Mohamed El-Erian, Foreign Policy

Imagine being told that you will likely suffer a heart attack, yet not how big it will be or how serious. If you could get your arms around the enormity of the news, you'd want to...

Isolated Merkel Losing Her Popularity - Philipp Wittrock, Der Spiegel

Usually, Angela Merkel enjoys her presence on the international stage. It has always provided her with an opportunity to shine, and it is where she developed a reputation as "Miss...

A Fragile Europe Must Change Fast - Martin Wolf, Financial Times

If dismantling the euro is out of the question, true federal finance is unavailable and mutual solidarity will remain limited, what is left? The answer is faster adjustment, to b...

Greek Exit Could Make Euro Area Stronger - Jacob Kirkegaard, Bloomberg

A Greek exit from the euro area would inflict heavy damage in Greece and throughout Europe. It could also be one of the best things that ever happened to the currency union....

The Global War of Lenders and Borrowers - Irwin Stelzer, Weekly Standard

One of the most surprising aspects of the financial crises being played out around the world is the failure of policymakers to concede perhaps the most important underlying fact: T...

What Austerity? Europe Still Spending - Neil Reynolds, Globe and Mail

In these two years, Euro27 countries increased spending on public order from 1.8 per cent of GDP to 1.9 per cent. On economic affairs (translation: corporate subsidies) from 3.9 pe...

Will Germany Swallow Inflation to Save EU? - Patrick Smith, Fiscal Times

This weekend’s G-8 summit at Camp David, the U.S. president’s retreat, marks a big step for Europe in several different ways. After a couple of weeks of waffling, German Chanc...

Why Greeks Will Turn to Leftist Tsipras - Julia Amalia Heyer, Der Spiegel

Alexis Tsipras, the man who will very likely emerge again as the winner of the upcoming Greek parliamentary election, is campaigning throughout the country primarily under one slo...

Time to Plan Velvet Divorce for Euro - Gideon Rachman, Financial Times

A 'velvet divorce' for the euro zone would at least offer a believable exit from the current maze....

Europe's Latin Bloc Is in Revolt - Ambrose Evans-Pritchard, Daily Telegraph

The eurozone's 'Latin Bloc' is in full revolt. The trio of French, Italian, and Spanish leaders - backed by world powers - are to push for a radical shift in Europe's economic s...

Euro Political Revolt Teaches Asia a Lesson - Paul Donovan, Jakarta Post

Elections should not be viewed as votes on a single issue. Greece has not voted to reject the Euro. France has not voted to change its relationship with the rest of the eurozone....

Will Great Britain Survive the Euro Crisis? - Niall Ferguson, Newsweek

Like much of Europe, the U.K. economy now finds itself in a double-dip recession. Last week the Bank of England once again revised its growth forecast downward. Although (mercif...

France Is in Worse Shape Than It Seems - Globe and Mail

Less than 12 hours after taking office, President François Hollande, France's first Socialist leader in 17 years, headed to Berlin and his first meeting with conservative Ge...

Europe Accelerates Toward a Brick Wall - Boris Johnson, Daily Telegraph

Come with me through the streets of Athens, not far from Syntagma Square, and your mind will reel with the horrified realisation that history is not a one-way ratchet, that human p...

Europe Is Strangling Democracy - John O'Brennan, Irish Times

Where governments are punished with fines for breaking rules on deficit and debt levels, the risk of provoking a national backlash against the EU is strong. Far-right parties that ...

China's Lesson: Spending Binges of Little Use - Gordon Chang, Forbes

On Friday, Paul Krugman once again made the case to the Obama administration for more stimulus, calling for $300 billion a year in additional spending “until the economy is b...

Ratcheting Up the Euro Crisis - Walter Russell Mead, The American Interest

'Crisis in the eurozone' stories are getting boring and this is one two year old soap opera the world would just as soon see disappear. Nevertheless it grinds on; yesterday the G...

Europe Awakes from Its Utopian Dream - Janet Daley, Daily Telegraph

A defiant Angela Merkel is doing no more than defending the interests of her own electorate....

Don't Blame the Germans - Learn from Them - Andrew Rawnsley, Observer

Other leaders are being hypocritical when they shove all the responsibility for the euro crisis on to Angela Merkel....

Watching Europe Choose Catastrophe - David Warren, Ottawa Citizen

Bankers may work as long as they wish on financial devices in the face of chaos, but they have no control over political developments. All their efforts must assume politicians a...

Fascism Seeps into Greek Politics - Sabby Mionis, Haaretz

Political upheaval and instability in the country are likely to sweep a number of prominent neo-Nazis and anti-Semites into government....

The European Parliament to the Rescue? - Nik Darlington, The European

The European Parliament is vast, its shiny superstructure reflecting the functional surroundings of Brussels back on itself. Yet when the citizens of Europe glance proverbially in ...

Austerity Under Fire - Irwin Stelzer, Weekly Standard

The tide sweeping from Greece across Europe and into the United States is washing away support for austerity, in some cases reinforcing opposition to it, largely from the left. Pre...

Turning the Eurozone into Jamaica - Mark Weisbrot, The Guardian

Jamaica, an English-speaking Caribbean island nation of 2.9 million people, may seem worlds away from Europe. The country's income per person of $9,000 ranks it 88th in the world, ...

Euro Crisis Made Worse By Emotions - Daily Telegraph

Why can’t they see it? Throughout the eurozone crisis – indeed, ever since the single currency’s creation – it is the question that has baffled and frustrat...

Apocalypse Fairly Soon in Europe - Paul Krugman, New York Times

For the past two-and-a-half years, European leaders have responded to crisis with half-measures that buy time, yet they have made no use of that time. Now time has run out....

Time for Greece to Say 'Danke' to Germany - Fareed Zakaria, Time

Everyone is worried that Greece will default on its national debt. That's really not news. By one estimate, since it gained its independence from the Ottomans in 1832, Greece has b...

Are Germans Destined to Save the Euro? - Jeremy Warner, Daily Telegraph

To make it work, the euro will have to become a very different kind of monetary union. Whatever the historic mission, it's not clear that Germans are yet ready - political...

Get Ready for the Greek Run - The Economist

It is not a good idea for Greece to leave the euro. But it is time to prepare for its departure....

Germany, the Crisis and the G-8 - New York Times

When the leaders of the Group of 8 gather at Camp David on Friday, President Obama and the others must press Chancellor Angela Merkel of Germany to commit to a euro-zone growth p...

Spain Caught Between the Rock and the Euro Crisis - Daily Telegraph

The Spanish snub to the Queen smacks of a government that is anxious to distract public attention from its domestic woes....

China Sets Sights on Central Europe - Caille Millner, Der Spiegel

In recent months, China has begun to invest more heavily in Central and Eastern Europe. The new initiative reflects both Beijing's desire to develop beyond the production of cheap ...

The Feckless, Lazy Greek Is a Myth - Alex Andreou, Voices

Maria was born in Paros in 1942. The country was under Nazi occupation. She experienced real fear, real poverty, starvation, bomb raids and executions. She survived the war and wen...

Britain Should Leave Euro to Its Fate - Peter Oborne, Daily Telegraph

European leaders were driven by three motives when they embarked upon that ill-fated monetary experiment, the euro. The first was financial: they were set upon the creation of a g...

Europe's New Normal - R. Daniel Kelemen, Foreign Affairs

The eurozone's troubles no longer qualify as a crisis, an unstable situation that could either quickly improve or take a dramatic turn for the worse. They are, instead, a new norma...

Greeks Face a Stark Choice: In or Out? - Timothy Garton Ash, The Guardian

The future of the eurozone now depends on the choice to be made in Greece, the future of Europe on that of the eurozone, and that of the west to a significant degree on that of Eur...

Greece Must Exit the Eurozone - Nouriel Roubini, Project Syndicate

The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the eurozone....

It's Getting Lonely for Merkel Within Her Party - Roland Nelles, Spiegel

Chancellor Angela Merkel has shown her tough side by firing Environment Minister Norbert Rottgen after he lost a key state election for her conservative party. The demise of the...

Will Europe Decide the U.S. Election? - Andy Sullivan & Peter Apps, Reuters

Manufacturing growth, surging exports: These are central promises of Obama's reelection bid, especially in blue-collar industrial states that could determine the election.  ...

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

World's smallest artificial heart s

An Italian heart surgeon holds a tiny titanium pump, the world's smallest artificial heart, whi...

Plight of missing kids now in spotl

Everything you need to get up to speed on the big story of the day May 25 is National Missing Childr...

Booker via Twitter: ‘Sorry I make

Newark, N.J., Mayor Cory Booker has apparently had enough of saying he's sorry this week. The r...

Hurricane warning issued for Mexico

Hurricane Bud weakened to a Category 2 storm as it headed early Friday toward an area of beach resor...

Egypt to pick Islamist or military

The Muslim Brotherhood said its candidate in Egypt's first free presidential vote had won throu...

Eurozone from RealClearMarkets

Would Markets Rally on the 'Gr

Bank of America has a nice twist on a Greek exit, or "Grexit" as everybody now calls it. The euro wo...

If Greece Goes, Can Spain Stay In?

Luckily SunGard APT doesn’t make films. Pretty much nothing happens in its version of that...

Eurozone May Be Ready for Greek Exi

It is increasingly conceivable that Greece may leave the euro zone, not just because of its own pol...

European Apocalypse Coming Soon

Suddenly, it has become easy to see how the euro — that grand, flawed experiment in monetary ...

Five Easy Ways to Solve the Greek C

If there's one thing economists don't like, it's politics. We can draw up any number of fantastic po...

Eurozone from The Compass Blog

Greece Has 46 Hours to Leave the Eu

If you want to get a sense of just how serious - and seriously crazy - things could potentially ge...

No, Germany Is Not About to Start a

I've heard many criticisms of President Obama's foreign policy but I think Victor Davis Hanson mines...

The Value of European Currencies if

From a paper authored by Jens Nordvig and Nick Firoozye, an estimate of how European currencies wo...

Does Germany Want to Boot Greece Fr

Gideon Rachman thinks some do: My impression from talking to policymakers in Berlin recently, and f...

If the Socialist Candidate Wins in

Hamish McRae says the consequences would be enormous: Note that Angela Merkel has openly supported ...

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