Canada Eurozone

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.

An Open Eurozone Is a Weakened Eurozone

Jeff Cimbalo | Posted 01.16.2012 | Canada Business
Jeff Cimbalo

There are methods which could easily be used to reform the eurozone with tighter controls. However, demoting the euro from a requirement to some sort of enhanced cooperation or its like will have its problems, largely because of the agreed ethics of such processes within the greater Union.

Merkel's Plan to End the Euro

Jeff Cimbalo | Posted 01.14.2012 | Canada Business
Jeff Cimbalo

Save the Euro, Lose Sovereignity

Jeff Cimbalo | Posted 01.09.2012 | Canada Business
Jeff Cimbalo

The race to save the euro, and how it's being conducted, will not just affect bailed out countries' control over their budgets. It will also likely harm what remaining democratic character the Union has by allowing for influence over debtor states' votes in a way the treaties anticipate and forbid.

The G20 Summit's Abject Failure

Jeff Cimbalo | Posted 01.05.2012 | Canada Business
Jeff Cimbalo

If, as it appears, there is not enough money in the eurozone and probably the Union to save the euro from the Greek and Italian government assaults on its solvency, can the IMF really accomplish these bailouts on their behalf?

Obama's G20 Troubles

Andrew Cooper | Posted 01.03.2012 | Canada Business
Andrew Cooper

The first day of the French G20 is a good indication the U.S. is losing its dominant role -- and even strong interest -- in the G20. By way of contras...

Greece Is Just the First to Fall

Peter Worthington | Posted 01.03.2012 | Canada Business
Peter Worthington

Let 'em go. Let 'em make their own way until they change their minds and rejoin the club and adhere to existing rules. If that means another recession, or even a depression, better now than at some time in the future when damage will be even greater.

China's Pound of Euro-Flesh

Jeff Cimbalo | Posted 01.03.2012 | Canada Business
Jeff Cimbalo

Given the European Union's occasionally expressed but steady desire to define their role in the world apart from the United States, and given the eurozone's relative weakness right now, a close relationship with China may be seen as the only non-U.S. alternative for them to pursue.

What If Europe Had a Revolution and Called It a Debt Crisis?

David Frum | Posted 12.30.2011 | Canada Business
David Frum

What Europe must do to save the euro is very similar to what Alexander Hamilton did in the United States in the 1790s to create the dollar. But the new American super-government was elected. The new European supergovernment won't be.

WATCH: IMF Advisor Warns Global Collapse May Be 2 Or 3 Weeks Away

The Huffington Post Canada | Daniel Tencer | Posted 12.07.2011 | Canada Business

If European leaders can't hammer out a solution to the continent's runaway credit crisis, the world's economy will face a collapse larger than the one...

Don't Panic Over the Loonie's Tumble

Scott Boyd | Posted 12.05.2011 | Canada
Scott Boyd

A weaker currency makes Canadian products more affordable for U.S. consumers. This factor alone may not be enough to offset demand-driven losses, but it could soften the blow.

IMF Seeks New Tools To Fend Off Euro Crisis

CP | Gabriele Steinhauser, The Associated Press | Posted 12.05.2011 | Canada Business

BRUSSELS - The International Monetary Fund, a key player in eurozone bailouts, on Wednesday pushed for radical changes in the way the region's debt cr...

Loonie Falls Below 95 Cents

CP | Malcolm Morrison, The Canadian Press | Posted 12.04.2011 | Canada Business

TORONTO - The Canadian dollar continued to lose ground Tuesday as worsening economic prospects and worries about a Greek government default sent trade...

Greece Says It Will Get Bailout Funds To Avoid Default

AP | Posted 11.27.2011 | Canada Business

BERLIN (AP) -- Greece will receive its next batch of bailout loans in time to avoid a disastrous default, the finance minister said Tuesday, as stock ...

World Stock Markets Hit The Skids On Fed's Warning

CP | Sarah Dilorenzo, The Associated Press | Posted 11.22.2011 | Canada Business

PARIS - The U.S. Federal Reserve's tacit acknowledgment that America's economic slowdown is likely to persist for quite a while sent global stock mark...

Greece Pledges To Get Through 'Unprecedented' Recession

CP | The Associated Press | Posted 11.19.2011 | Canada Business

VOULIAGMENI, Greece - Greece's finance minister promised Monday to stick with his plan for the country to post a primary surplus in 2012 as the countr...

A 'True European Economic Government'

CP | Greg Keller,Juergen Baetz, The Associated Press | Posted 10.16.2011 | Canada Business

PARIS - The leaders of France and Germany called Tuesday for greater economic discipline and unity among European nations but declined to take immedia...

Stock Markets Down As Europe's Economic Engine Sputters

CP | Posted 10.16.2011 | Canada Business

MILAN - After an optimistic start to the trading week, global stock markets lost their steam Tuesday after subdued German growth figures reinforced fe...