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European Debt Crisis News

Op-Ed: European Debt Crises and Currency Survival

What has been perhaps the most significant factor in the European Debt Crisis for the currencies markets has not been the actual event itself, but the reaction of global central bankers..

OECD cuts global growth forecast

Paris - Because of the poor economic prognosis in parts of the debt-plagued euro zone, the Organization of Economic Co-operation and Development has reduced its global growth estimate for next year.

Greek journalists suspended for criticising government minister

Two Greek television journalists, Marilena Katsimi and Kostas Arvanitis, have been suspended by a Greek state television channel after they voiced criticism of Greek public order minister Nikos Dendias.

Op-Ed: Will QE3 be positive for global economy?

There is much speculation as to whether the United States' third round of quantitative easing, known as QE3, will set sail shortly.

Are global economic dominoes set to fall?

Europe’s frail economic outlook further dimmed Monday when Spain officially sank into its second recession in three years.

Cosmetic recovery? Dow best since 2007, but is it believable?

Sydney - The Dow is sending some very interesting, if not entirely believable and very mixed, signals. The world’s most self-obsessed index hit 13070.06, a level not seen since May 2007. The question is whether this is just another financial hallucination.

Op-Ed: Obama looks backward in SOTU, not forward, as economy stalls

Washington - Looking backward, President Obama noted in his State of the Union speech Tuesday night the country’s current economic malaise is due to “bad behavior” from the Bush administration, proving yet again American politics knows no shame.

Women protest Italy’s sexism culture

Rome - A protest in Rome on Sunday attracted thousands of women demanding greater rights, called for ending discrimination, and blamed a “macho culture” for the crisis in the euro zone’s third-largest economy.

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Wolfgang Schäuble  German finance minister (CDU) on March 9th 2011  during a pre-election party in ...
Wolfgang Schäuble, German finance minister (CDU) on March 9th 2011, during a pre-election party in Bensheim (Hesse).
Kuebi=Armin Kubelbeck
A protest sign calls for Europeans to rise up in protest
A protest sign calls for Europeans to rise up in protest