Future EU at Stake: Merkel
Greece must cut its deficit to qualify for a European bailout.
Southern Europe
Berlusconi Government on Brink of Collapse
The flamboyant Italian prime minister has survived numerous scandals but his time appears to be running out.
Meltdown in Greece
The crises in Greece sends shockwaves around the world and inspires recriminations everywhere.
Liberal Wrongheadness on Greece
Simply printing money to pay off its creditors in a debased currency is no solution for Greece’s financial troubles.
Compromise on the Greek Question
The compromise which European leaders reached last week on aiding Greece may struck many foreign observers as evidence of the EU’s ineffectiveness at settling its internal discord, but it was in fact a minor victory for “President” Herman Van Rompuy and his campaign for greater economic governance from Brussels. Van Rompuy, former prime minister of […]
Greece Continues to Divide Europe
Germany is critical of a European Commission proposal to bail out Greece.
Long Road Ahead for Spain
Spain is the last major economy of Europe still mired in recession as its government remained committed to socialist doctrine throughout 2009. Massive deficit spending has only worsened the country’s predicament however, forcing Prime Minister José Luis Rodríguez Zapatero to finally start reining in Spain’s mounting debt. Last month, Professor Niall Ferguson of Harvard University […]
Bubbles, Deficits and European Arrogance
Excessive government spending, nor European integration, is responsible for Greece’s debt crisis.
Just How Much Debt Are We In?
After The New York Times revealed on Saturday that Wall Street banks helped Greece keep its mounting debt off the books for many years, Edward Hugh at A Firstful of Euros explains how shady financial constructions allowed several European governments to hide part of their financial trouble. Eurostat, the EU’s agency for statistics, has been […]
Vague Pledge of Support for Greece
The European Council president promised to provide “determined and coordinated action” to Greece if needed.
City of Venice Flooded
The ancient Italian city of Venice has slowly been sinking for many years. Early Wednesday morning, an unusually high tide flooded most of the city once again, forcing its denizens to wade through knee-high waters or make use of the improvised, elevated boardwalks set up in St Mark’s Square and other public spaces. The waters […]
Europe’s Uneven Recovery
Europe’s massive deficit spending is finally catching up with it. As Stefan Theil writes for Newsweek, markets reacted sharply this week “after rating agencies downgraded the public debt of Greece and warned about the outlook for several others.” With a deficit running at over 12 percent of GDP, Greece runs a serious risk of becoming […]
Spanish Socialism is Holding Europe Back
The Spanish government refuses to make much-needed reforms.