EURO DEBT CRISIS

CP

Jim Flaherty Just Won't Let Up On Europe

OTTAWA - Finance Minister Jim Flaherty is urging European leaders to agree quickly on a plan to begin the process of rescuing the common market and preventing a major global crisis.As European leaders...
AP

Is Italy Next?

MILAN - Official statistics confirm that Italy's economy contracted by a quarterly rate of 0.8 per cent in the first three months of the year, the worst contraction in three years.The painful recessio...
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.
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.
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Sunday Roundup: Berlusconi a Loss for Comedians Everywhere

Yesterday's resignation of Italian Prime Minister Silvio Berlusconi is a loss to comedians everywhere. Which other world leader can possibly fill the void? It was easy to bid "avtio" to George Papandreou earlier this week. Aside from his comically large moustache, there was nothing very funny about the way he drove Greece into bankruptcy, while threatening to take the whole rest of the EU down with him. But give Berlusconi this: the guy steered his country to ruin with, well, not style exactly -- maybe chutzpah. It's one thing simply to overpay state workers -- quite another to host "Bunga Bunga" sex parties while your country burns.