Euro Debt Crisis

Greek Finance Minister Hospitalized On Taking Job; Resigns

CP | Elena Becatoros, The Associated Press | Posted 08.25.2012 | Canada Business

ATHENS, Greece - The banker chosen to be Greece's next finance minister resigned for health reasons Monday, three days after he was rushed to the hosp...

Is Italy Next?

CP | The Associated Press | Posted 08.11.2012 | Canada Business

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 wor...

Greece's Unemployment Crisis Keeps Getting Worse

CP | The Associated Press | Posted 08.07.2012 | Canada Business

ATHENS, Greece - Greece's unemployment shot up to 21.9 per cent in March, rising sharply from the 15.7 per cent rate in the same month last year and u...

Markets Tumble After Moody's Downgrades Spanish Banking Industry

AP | Posted 05.18.2012 | Canada Business

MADRID, Spain (AP) -- Spain's stock market flirted with seven-year lows Friday as investors continued to worry about the stability of the eurozone's f...

Panic Mounts Around Spain's Debt Crisis

CP | Ciaran Giles, The Associated Press | Posted 06.15.2012 | Canada Business

MADRID - The interest rate on Spanish government bonds rose sharply on Monday, a sign that investors are becoming more worried about the country's abi...

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...

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 ...

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.

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.

Euro Crisis Could Hit Canadian Mortgage Holders: BoC

CP | Julian Beltrame, The Canadian Press | Posted 02.07.2012 | Canada Business

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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...

Merkel, Sarkozy To Propose EU Overhaul

AP | Posted 11.24.2011 | Canada Business

STRASBOURG, France (AP) -- President Nicolas Sarkozy appeared to temper his calls for the European Central Bank to play a bigger role in solving Europ...

Merkel's Plan to End the Euro

Jeff Cimbalo | Posted 01.14.2012 | Canada Business
Jeff Cimbalo

'Europe's Most Difficult Hours Since World War II'

CP | Juergen Baetz, The Associated Press | Posted 01.14.2012 | Canada Business

BERLIN - German chancellor Angela Merkel called Monday for a stronger political union in Europe to overcome the bloc's debt crisis, which she called "...

Sunday Roundup: Berlusconi a Loss for Comedians Everywhere

Danielle Crittenden | Posted 01.13.2012 | Canada
Danielle Crittenden

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.

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.

Harper Heads Into Eye Of G20 Storm

CP | Bruce Cheadle, The Canadian Press | Posted 01.01.2012 | Canada Business

CANNES, France - Prime Minister Stephen Harper arrived at a crisis-atmosphere G20 summit late Wednesday prepared to preach the Canadian gospel of econ...

Bank Of Canada Governor Says Greece Referendum Right Thing To Do

CP | Malcolm Morrison, The Canadian Press | Posted 01.01.2012 | Canada Business

OTTAWA - Bank of Canada governor Mark Carney says he respects the Greek prime minister's controversial call for a referendum on a new bailout package,...