austerity
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G8 summit focuses on weakness in Europe
May 21, 2012
President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples with another flare up in the debt crisis.
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Angela Merkel staying committed to Greece
May 17, 2012
German Chancellor Angela Merkel is sending the message that she is committed to keeping Greece in the eurozone. In an interview with CNBC, Merkel says that she is open to stimulus programs. Now, that could be seen as a shift at at a time Greeks are blaming austerity imposed by Europe for their woes.
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France elects Socialist candidate Francois Hollande
May 7, 2012
In a narrow victory this weekend, French voters ousted incumbent presidential candidate Nicolas Sarkozy in what many see as a popular referendum against harsh austerity measures in Europe
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In Greece, voters cast ballots against austerity
May 7, 2012
Parliamentary elections this weekend in Greece proved that voters there are fed up with the political parties imposing harsh austerity measures to deal with the country's severe debt crisis
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Conservative party suffers losses in U.K. elections
May 4, 2012
This weekend, voters in both France and Greece will go to the polls, and the expectation is that they'll be in a bit of an anti-austerity mood. One clue came yesterday in the U.K. where voters delivered big losses to the ruling Conservative party.
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Europe shifts away from austerity, but that's easier said than done
May 3, 2012
The head of the European Central Bank said today that economic growth has to be central to the plan to get Europe out of its debt crisis
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Should U.S. fear austerity?
May 2, 2012
Commentator Robert Reich says new recession could follow if the U.S. adopts Europe's deep cuts in government spending.
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Austerity rules in Europe, but the people push back
Apr 24, 2012
French president Nicholas Sarkozy and former Dutch Prime Minister Mark Rutte find rising popular resentment at the austerity packages they implement.
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France, Netherlands backing down from austerity
Apr 23, 2012
Europe's strategy for dealing with it's debt crisis was called into question over the weekend following two big political developments: One in France, one in the Netherlands.
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U.S. warns Europe on 'draconian' austerity
Mar 20, 2012
Treasury Secretary Tim Geithner testifies on Capitol Hill Tuesday about the European Debt crisis, urging European countries to avoid 'draconian' budget cuts that could make matters worse.
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