Spain Asks European Help to Recapitalize Banks
Finance minister admits that Spain can’t afford to prop up its banking sector on its own.
Europe
Spain’s Economic Climate Not Reflecting the Season
Summer is normally the most financially productive time of the year in Spain.
America Wakes Up to the Arctic’s Potential
Secretary of State Hillary Clinton argues “the Arctic has an increasing geopolitical importance.”
The New G-Pariah States: Welcome to Greece!
A Greek eurozone exit would make it the poster child of what Ian Bremmer has dubbed the “G-zero world.”
Respite for Spain, Fiscal Challenges Remain
Spain is offered an extra year to reduce its budget deficit, a target its autonomous regions are unlikely to meet.
Ireland’s Left Benefits from Growing Austerity Fatigue
Sinn Féin is on the rise as the Irish prepare for a referendum on what it calls Europe’s “austerity treaty.”
German Politicians, Public Strongly Against Eurobonds
Merkel insists that it “makes no sense” to jointly issue sovereign bonds in the eurozone.
Serbia’s Nikolić Sees “Uncertain” Path to Joining Europe
The nationalist leader made his first foreign trip as president to Moscow.
British Recession Deepens, Pressure on Coalition Mounts
Conservatives cannot keep hiding behind their Liberal Democratic coalition partners.
Is Sarkozy’s Loss Poland’s Gain?
If France pushes Germany too much, the latter may turn to find a friend in Poland.
Hollande’s Fiscal Policy “Nonsense”: Austria
The policies favored by the French president “got us into this whole mess in the first place.”
Africa, Eurasia or the Levant Calling? Greece’s Dilemma
As Greece turns it back on Europe, could it find a place for itself in the Middle East?
Hollande, Merkel Face Fight Over Eurozone Bonds
The new French president could battle the German leader over the joint issuance of sovereign bonds.
Monti Says “Bridge” Divide Between Austerity, Growth
The Italian premier said there could be efforts to stimulate demand but not runaway government spending.
“N” for North: NATO’s Cold Future
The Arctic represents the emergence of a new geopolitical arena for the Western alliance.