Europe’s Last Chance to Let Greece Default
Once European nations agree to a second financial rescue package for Greece, there’s no way back.
Europe
Italy’s Berlusconi Reneges on Austerity Pact
Italy revokes €5 billion in planned austerity measures in order to appease regional political parties.
French Government Reluctant to Cut Spending
Austerity in France means raising taxes.
Eurobond Faces Major Obstacles
How would eurobonds work and why are they unpopular in the economically stronger north of Europe?
For Gaddafi, End is Nigh
Libyan rebels are advancing on the capital. After months of war, Colonel Gaddafi’s days are numbered.
The Myth of Russia’s Resurgence
Reports of Russia’s resurgence are greatly exaggerated.
Merkel, Sarkozy Propose Eurozone Governance
The French and German leaders favor firmer debt and deficit limits.
After Libya, Europe’s New Order in the Making
A new balance of power is forming in Europe, one that is eerily familiar.
France, Italy Hastily Implementing Austerity
Paris and Rome rush to cut public spending after a week of turmoil in the financial markets.
Left Blames Austerity for British Riots
Predictably, leftists are blaming the riots in the United Kingdom on conservative budget-cutting.
What’s at the Root of London’s Riots
Decades of welfarism have fostered an entitlement mentality.
European Central Bank to the Rescue
Frankfurt moves to purchase Italian and Spanish sovereign bonds in an attempt to defuse the European debt crisis.
Sarkozy Fails to Revitalize French Economy
The French president’s economic policies have been unconvincing. His country remains uncompetitive compared to many of its neighbors.
The Way Out of Libya
Turkey and South Africa need to push on their talks with Gaddafi in order to end the violence in Libya.
Spanish Conservatives Prepare for Government
Spaniards will probably give the conservatives a majority even though they have few specific economic plans.