Euro Crisis

AP

Protests Greet Merkel In Greece

ATHENS, Greece - German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visit to the country since its debt crisis erupted thr...
AP

Merkel Braves Protesters In Greece

ATHENS, Greece - German Chancellor Angela Merkel makes her first visit to Greece since the eurozone crisis began here three years ago. Her five-hour stop is seen by the government as a historic boost...
AP

What Friends Are For?

German Chancellor Angela Merkel's visit with Prime Minister Stephen Harper has reignited the issue of Canada's refusal to contribute money to a bailout fund through the International Monetary Fund to...
AP

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

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.
Alamy

What Italy's Victory Over Germany Really Means

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.
Alamy

Of All the Languages in the EU, Nigel Farage Speaks That of Reason

A couple of days ago, a friend sent me a video of Nigel Farage speaking at the European Parliament. I hit "play" expecting the general "as polls show..." but before Farage was half-way through his speech, my sides were splitting. It was the greatest and most eloquent utterance on the topic of the EU I have heard from any British public figure since Sir Jimmy Goldsmith spoke at a conference in 1996.
CP

Pro-Bailout Party Wins Greek Election

ATHENS, Greece - Fears of an imminent Greek exit from Europe's joint currency receded Sunday after the conservative New Democracy party came first in a critical election and pro-bailout parties won en...
Alamy

The $100-Billion Bailout?

STOCKHOLM - Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout pack...
ap

Not Gonna Take It Anymore

FRANKFURT - A top European Central Bank official has publicly discussed the reasons for his surprise resignation, saying he is not satisfied with the direction Europe's currency union has taken.Juerge...
CP

Putting a Human Face on the Euro Crisis

Let's face it, either we have had resentment or a hint of jealousy toward southern Europeans for their relaxed lifestyle. To no surprise then, many Canadians have holier-than-thou attitudes about the euro crisis. Then, Elsa Fornero reminded me of what the euro crisis is really about: people.

Greece 2011: Argentina 2002 Redux?

This comparison should give the Greeks some hope -- after all, Argentine 10-year government bonds today are comparable to other emerging market economies and investors flocked back to Argentina. What did Argentina do and what can Greece learn from its experience?
alamy

Euro Crisis Comes to Us

While last week ended on a positive note in terms of Europe's handling of its fiscal crisis, Canadians need to focus their concern on the so-called indirect effects from Europe's woes. The reality is that Europe has a very small footprint when it comes to Canadian trade abroad.
Getty

The EU's New Budget Motto: "Mother May I?"

European Council President Herman Van Rompuy has just floated a proposal to subject all Union members -- not just eurozone members -- to more rigorous budget scrutiny by Union organs. The move is so contrary to the Union treaties and its scope so overreaching to the current eurozone debt crisis that it is doomed to fail.
AP

One Continent, Under France and Germany

Looks like the EU has found an alternative to German domination of everybody else. It's the French-German domination of everybody else. Attendees should not be surprised to see new details on the fly that "must" be agreed to or risk destroying the eurozone and the EU.
Getty

Democracy Not in Store for Eurozone Members

It's the member states paying in that lose, both by the creation of another huge bureaucracy inside the Union not all have agreed to, and in the knowledge that the Union can effectively now tax them directly, redistribute the money the way finance ministers alone see fit, and call it a bailout.
Getty

The Euro Battle: Lutheran vs. Latin Cultures

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."
Getty

The Latest Plan to Control Euro Members

What's the newest strategy of the European Commission to remove any democratic accountability from the eurozone members? They are now aiming to consolidate all eurozone members on the IMF Executive Board into a single member, represented by... the European Commission.
PA

An Open Eurozone Is a Weakened Eurozone

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.