Europe debt crisis

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Austerity as seen from the streets of Athens

Nov 13, 2012
Yesterday, the Greek parliament pushed through an extensive package of cuts and tax increases -- its most aggressive austerity budget so far -- in order to receive their next bailout payment.
Posted In: Greece, Europe debt crisis, bailout

Greek austerity: A light around the bend?

Nov 12, 2012
European finance ministers are meeting today in Brussels to decide whether Greece will receive its next scheduled bailout payment of $40 billion.
Posted In: Europe debt crisis, Greece, austerity, bailout

Surprise! The most critical vote this week may be in Greece

Nov 6, 2012
Protesters continue to fill Athens today ahead of the Greek Parliament’s vote on public sector spending cuts.
Posted In: Greece, Europe debt crisis, austerity, bailout

Greek editor stands trial over tax evader list

Nov 1, 2012
A Greek magazine editor goes on trial today after being accused of breaking privacy laws when he published a list of prominent Greeks who allegedly evaded their taxes.
Posted In: Greece, Taxes, Europe debt crisis, privacy

UPDATE: Ford to transfer UK plant to Turkey

Oct 25, 2012
Ford has announced the closure of its last vehicle manufacturing plant in the UK. The company is reportedly shutting down a van factory and shifting production to Turkey.
Posted In: Ford, auto market, UK, Europe debt crisis

Spain continues bailout waiting game

Oct 18, 2012
For months now, Spain has been bracing itself for a bailout. While the country waits, the government has already made many of the deep budget cuts that typically come with bailouts.
Posted In: spain, ECB, bailout, Europe debt crisis

Nobel Peace Prize: And the winner is Europe!

Oct 12, 2012
At last some good news for Europe -- racked by the worst economic crisis in its history, the European Union has just won the Nobel Peace Prize.
Posted In: Nobel Prize, European Union, Europe debt crisis

Weekly unemployment claims fall to four year low

Oct 11, 2012
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Elsewhere around the world, the S&P has downgraded the soveign debt of Spain.
Posted In: unemployement, spain, debt, Europe debt crisis

Is the IMF going soft on austerity?

Oct 11, 2012
The head of the International Monetary Fund, Christine Lagarde, wants countries to stop cutting and start spending. In Tokyo today, the leader warned that austerity is making the global economy worse.
Posted In: IMF, Europe debt crisis, Latin America

Red Cross launches appeal for Spanish poor

Oct 10, 2012
The disaster relief agency asks for help to assist those affected by the European debt crisis.
Posted In: spain, red cross, Europe debt crisis

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