Canada Eurozone

Quebec Could Turn Into Greece If It Kept Loonie: Report

The Huffington Post Canada | Daniel Tencer | Posted 03.20.2014 | Canada Business

Parti Quebecois leader Pauline Marois recently suggested that an independent Quebec would keep the Canadian dollar, and would try to keep a seat on th...

Is That You, Europe?

CP | Juergen Baetz, The Associated Press | Posted 04.16.2014 | Canada Business

BRUSSELS - Europe's economy is growing faster, raising hopes for a sustainable recovery, but that may not be enough to bring sky-high levels of unempl...

The World's Most Modest Superpower

Diane Francis | Posted 11.24.2013 | Canada Politics
Diane Francis

Polls in Germany today show Dr. Angela Merkel will win the next election, a stunning result despite her steady hand in support of bailing out the deadbeat neighbours in Europe. She is a political phenomenon and the most powerful female in the world. She is a brilliant, but modest PhD in Quantum Chemistry, who, appropriately, leads the world's most modest superpower.

Eurozone Economy Actually Grows

CP | Alan Clendenning And Pan Pylas, The Associated Press | Posted 10.13.2013 | Canada Business

MADRID - Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: It's hir...

On Bitcoin, the Tulip Mania and Stock Market Booms

Diane Francis | Posted 06.12.2013 | Canada Business
Diane Francis

Bubbles occur all the time, along with financial inventions. The most recent, and controversial, launched in 2009: A virtual currency called Bitcoin that enabled holders to trade directly and to hide their assets from governments.

The Contagion Spreads

CP | Pan Pylas, The Associated Press | Posted 06.02.2013 | Canada Business

LONDON - The eurozone economy has passed another bleak milestone.Official figures Tuesday showed that unemployment across the 17 European Union countr...

Protests Greet Merkel In Greece

CP | Derek Gatopoulos,Nicholas Paphitis, The Associated Press | Posted 12.09.2012 | Canada Business

ATHENS, Greece - German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visi...

Merkel Braves Protesters In Greece

CP | Derek Gatopoulos,Nicholas Paphitis, The Associated Press | Posted 12.08.2012 | Canada Business

ATHENS, Greece - German Chancellor Angela Merkel makes her first visit to Greece since the eurozone crisis began here three years ago. Her five-hour s...

Eurozone Gets New Bailout Fund

CBC | Posted 12.08.2012 | Canada Business

A new permanent bailout fund for the eurozone will come in to force later Monday at a meeting of eurozone finance ministers in Luxembourg. ...

Keep Your Mittens Off Canada

David Frum | Posted 09.27.2012 | Canada
David Frum

Mitt Romney is touring the UK, Israel, and Poland this week ­-- but not Canada. Why not? Wait, wait, hear me out: This is not the usual "they forgot Canada again!" lament. The political purpose of Romney's foreign tour was to accuse President Barack Obama of straining relationships with key allies. Right now, the bilateral U.S.-Canada relationship is working very well for both countries. A photo-op of a smiling Mitt Romney wearing a hardhat beside a pipeline in Fort McMurray, Alta., would not help.

Spain, Ireland, Italy and Greece: Which One Doesn't Belong?

Andrew Cooper | Posted 09.17.2012 | Canada Business
Andrew Cooper

If no longer -- thank goodness -- the geo-political cockpit of Europe (caught between rival ideologies in the civil war era), Spain cannot be dismissed as a periphery or marginal country out of step with the European project. Spain has all the features of a highly efficient and accountable country, from its ability to produce majority governments from both the respectable left and right, its elaborate system of federalism, and its increased multicultural identity.

What Italy's Victory Over Germany Really Means

Andrew Pyle | Posted 08.29.2012 | Canada
Andrew Pyle

The irony of Germany's loss to Italy in the Euro 2012 cup will not be lost on those who have been watching the Eurozone financial crisis play out in recent weeks. Germany's Chancellor Angela Merkel has been steadfast in her opposition to a plan for a common debt issuance program (so-called "euro bonds"), while her electorate have turned up their collective noses to calls for additional handouts to the problem centres like Greece.

Will a Soccer Match Decide Greece's EU Fate?

Diane Francis | Posted 08.18.2012 | Canada
Diane Francis

Greeks will watch the Euro 2012 soccer match between their country and Russia before going to the polls on June 17. If the Greeks lose, the country will vote to stay in the Eurozone. If they win, all bets are off. But, like football, forecasting is impossible (unless the games are rigged) which means that anything can happen. Here are three possible scenarios.

Not Making Friends In Europe?

CP | Julian Beltrame, The Canadian Press | Posted 08.07.2012 | Canada Politics

OTTAWA - It's unclear whether Stephen Harper made any European friends during his visit this week. It's a safe bet, however, that his Conservative MPs...

Frustrated Harper Warns About Europe Woes, Global Recession

CP | The Canadian Press | Posted 08.05.2012 | Canada Politics

OTTAWA - Prime Minister Stephen Harper is warning that Europe is running out of time to fix its debt problems, but his government has prepared "contin...

Economy Being Squeezed Between Greece and China

Andrew Pyle | Posted 07.14.2012 | Canada Business
Andrew Pyle

From last weekend's elections in France and Germany, highlighting a shift in the populace away from fiscal austerity, to the gridlock in Greece's parliament (and more probable threat that the country will leave the euro), the region has created a conundrum for investors.

Markets Dive On Greek, French Votes

CP | Pan Pylas, The Associated Press | Posted 07.06.2012 | Canada Business

LONDON - Renewed uncertainty over Europe's ability to deal with its spawning debt crisis following elections in Greece and France hammered stock marke...

Bad Sign: Eurozone Banks Hoarding Record Amounts Of Cash

CP | The Associated Press | Posted 03.11.2012 | Canada Business

FRANKFURT - Banks in the countries that use the euro held a record amount overnight at the European Central Bank in a sign of unease over the eurozone...

The Recipe for a Stable Economy in 2012: Less Debt.

Diane Francis | Posted 03.04.2012 | Canada Business
Diane Francis

The conundrum is that world needs strong economic growth but debts make this impossible. As "responsible" governments or individuals save to reduce debts, economic growth contracts and makes debts higher.

The Biggest Story of 2011 for Me? Europe's Currency Crisis

Conrad Black | Posted 02.29.2012 | Canada Business
Conrad Black

The idea of a united Europe was always a fable of course, as some of us warned, and it was compounded by a policy of not hearing, seeing, or speaking any evil about the European ideal that was bound to lead to tears.

Euro Turns 10 Years Old. Will It Make It To 11?

AP | Posted 12.30.2011 | Canada Business

PARIS (AP) -- Just three years ago, the euro was being praised as the can-do currency that had delivered unprecedented prosperity in Europe. Now, i...

TD Outlook: Europe Could Drag Down Canadian Economy

CBC | Posted 02.13.2012 | Canada

TD Bank has lowered its outlook for the Canadian economy next year to 1.7 per cent growth, followed by 2.2 per cent in 2013. ...

Poor Eastern Europeans Balk At Bailing Out The West

CP | Karel Janicek,Vanessa Gera, The Associated Press | Posted 02.13.2012 | Canada Business

WARSAW, Poland - Of all the twists in Europe's debt crisis one of the oddest must be this: Poles, Czechs and other eastern Europeans, long the recipie...

The Euro Battle: Lutheran vs. Latin Cultures

Diane Francis | Posted 01.29.2012 | Canada Business
Diane Francis

There already are two currencies: the "Lutheran Euro," characterized by countries that are based on Protestant work ethic, discipline and thrift. Then there is the "Latin Euro," where style is often more important than substance. The euro crisis is this: The "Lutherans" are balking at bailing out the "Latins."

Europe Boots Out its Political Morons

Diane Francis | Posted 01.21.2012 | Canada Business
Diane Francis

The party that calls itself Europe is over. The sovereign debt crisis afflicting its weakest members has ended the eurozone's political Ponzi scheme -- the proclivity to hand out entitlements today and run up a tab due tomorrow.