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As Economic Woes Deepen, Greece Seeing More Suicides
Greece’s dire financial crisis is taking a toll on the nation’s psyche in more ways than mere worries over whether the economy will survive. A team of technical experts, primarily from the European...
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A Long Night in Brussels Ends With a Greece Debt Deal
The midnight oil burned in Brussels as European finance ministers, heads of state, bankers and the International Monetary Fund (IMF) try to reach an agreement to restructure Greek debt. In the deal,...
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Italy Asks IMF to Oversee its Debt Reduction Efforts
Italy’s Prime Minister Silvio Berlusconi has asked for international oversight of his efforts to slash the eurozone’s second-largest debt, even as his unraveling coalition threatens efforts to build a...
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Is Hard-Hit Ireland Resolving It’s Economic Crisis?
Ireland was one of the nations that was hardest hit by the Eurozone crisis, but now it’s being seen as leading stricken nations in their efforts to turn their economies around. International Monetary...
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Is Greece Headed Towards a Third Bailout?
Lucas Papademos, Greece’s prime minister, said that his crisis-plagued country could require a third bailout just weeks after it secured a second round of rescue funds after much discussion in...
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Britain Slides Into Double-Dip Recession
Europe’s financial woes have spread across the English Channel as the United Kingdom slid into its first double-dip recession since the 1970s. Britain’s GDP fell 0.2 percent from the 4th quarter of...
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Eurodammerung?
Despite Germany’s strong manufacturing output in March, it was not enough to compensate for a slump across the rest of the Eurozone with declining production, a signal that an expected recession may...
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Spain Asks the Eurozone for a Bank Bailout
Spain asked the Eurozone for a bailout of up to €100-billion to rescue its banks. This is just a short-term fix for the troubled Eurozone because it doesn’t address the underlying problems in the...
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Back to the Drawing Board for Greece
International lenders and Greece will renegotiate the program on which the second financial bailout for Athens is based because the original has become outdated, according to a senior Eurozone...
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The New Nostradamus: The IMF, the US and the Fiscal Cliffhanger
The French soothsayer, Michel de Nostredame or Nostradamus, became something of a celebrity starting in the 1550s because of his prophecies in all he made 6,338 predictions in a series of almanacs —...
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The US Defies the Rating Agencies
Despite the S&P cutting the US credit rating from AAA to AA+, the country’s economy is outpacing the 12 nations that currently have the highest rating. Take a look at the indicators – the dollar is...
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