Euro Crisis

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. ...

What Friends Are For?

CBC | Posted 10.16.2012 | Canada Business

German Chancellor Angela Merkel's visit with Prime Minister Stephen Harper has reignited the issue of Canada's refusal to contribute money to a bailou...

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.

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

Conrad Black | Posted 08.26.2012 | Canada
Conrad Black

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.

Pro-Bailout Party Wins Greek Election

CP | Demetris Nellas,Elena Becatoros, The Associated Press | Posted 08.17.2012 | Canada Business

ATHENS, Greece - Fears of an imminent Greek exit from Europe's joint currency receded Sunday after the conservative New Democracy party came first in ...

As Harper Gears Up For Summit, Greece Election Results Ease Financial Worries

CP | Steve Rennie, The Canadian Press | Posted 08.16.2012 | Canada Business

LOS CABOS, Mexico - Prime Minister Stephen Harper and other world leaders at a meeting of the world's 20 most important economies can breathe a little...

The $100-Billion Bailout?

CP | The Associated Press | Posted 08.09.2012 | Canada Business

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 ...

What do the Elections in Greece and France Have in Common?

Peter Worthington | Posted 07.10.2012 | Canada
Peter Worthington

For starters, the status quo in both countries has been capsized. Voters in both countries reject austerity measures that were imposed to save the euro and avoid bankruptcy, and to deter some countries bailing out of the 17-country European Union.

Are We the Best Governed Democracy on Earth?

David Frum | Posted 05.31.2012 | Canada
David Frum

Under Stephen Harper, Canada can fairly claim to be the best-governed country in the advanced democratic world. Thursday's federal budget locks up Canada's lead.

The Biggest Story of 2011 for Me? The Euro Crisis

David Frum | Posted 02.27.2012 | Canada
David Frum

Everything is at stake. The fate of the world economy, and very likely the outcome of the U.S. election, now depends on decisions made across the Atlantic.

Best And Worst G7 Economies Of 2011 (Hint: Canada Isn't Number 1)

CP | Julian Beltrame, The Canadian Press | Posted 02.27.2012 | Canada Business

OTTAWA - Canada's economy performed relatively well last year, but not enough to displace Germany as the top country in the Group of Seven big industr...

Not Gonna Take It Anymore

CP | The Associated Press | Posted 02.17.2012 | Canada Business

FRANKFURT - A top European Central Bank official has publicly discussed the reasons for his surprise resignation, saying he is not satisfied with the ...

Europe's Recession Is A Done Deal... What About Canada?

CP | Malcolm Morrison, The Canadian Press | Posted 02.17.2012 | Canada Business

TORONTO - The Toronto stock market cruises into the Christmas holiday period this week, a time that in most years has seen little movement in markets ...

Putting a Human Face on the Euro Crisis

Bessma Momani | Posted 02.14.2012 | Canada Business
Bessma Momani

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?

Andrew Cooper | Posted 02.13.2012 | Canada Business
Andrew Cooper

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?

Euro Crisis Comes to Us

Andrew Pyle | Posted 02.11.2012 | Canada Business
Andrew Pyle

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.

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

Jeff Cimbalo | Posted 02.07.2012 | Canada Business
Jeff Cimbalo

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.

One Continent, Under France and Germany

Jeff Cimbalo | Posted 02.06.2012 | Canada Business
Jeff Cimbalo

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.

The Euro Grand Ballet With Sarkozy and Merkel

Diane Francis | Posted 02.05.2012 | Canada Business
Diane Francis

The pas de deux, performed for weeks by Nicolas Sarkozy and Angela Merkel, is slowly easing eurozone members into becoming the United States of Europe. Frankly as political theater, it's enormously well-executed and deserves a Broadway Tony.

Why Canadians Should Care About A Euro Collapse

CBC | Posted 01.31.2012 | Canada Business

The demise of the euro would deliver a significant blow to the Canadian economy, leading to less trade, higher unemployment and a possibl...

Democracy Not in Store for Eurozone Members

Jeff Cimbalo | Posted 01.31.2012 | Canada Business
Jeff Cimbalo

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.

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."