Canada Euro

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.

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.

Will a Soccer Match Decide Greece's EU Fate?

Diane Francis | Posted 08.18.2012 | Canada
Diane Francis

Greeks will watch the Euro 2012 soccer match between their country and Russia before going to the polls on June 17. If the Greeks lose, the country will vote to stay in the Eurozone. If they win, all bets are off. But, like football, forecasting is impossible (unless the games are rigged) which means that anything can happen. Here are three possible scenarios.

Slow Retail Growth Causes Loonie To Drop

CP | David Friend, The Canadian Press | Posted 08.18.2012 | Canada Business

TORONTO - The Canadian dollar moved lower Monday as commodity prices weakened and expectations for economic data due later this week remained soft.The...

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 ...

Amsterdam: Land of a Thousand Bicycles

Kathy Buckworth | Posted 08.09.2012 | Canada Travel
Kathy Buckworth

Amsterdam is a city of almost 800,000 inhabitants, and 600,000 bicycles. They're everywhere. But as a North American traveling to Amsterdam, I was simultaneously impressed by their pedal power while surprised to discover that not one single cyclist owned an essential piece of biking equipment from our part of the world: the bike helmet.

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...

Canada Joins the Debt Danger Zone

Diane Francis | Posted 02.20.2012 | Canada Business
Diane Francis

Canada is in the danger zone and as taxpayers sustain blows to their paycheques and portfolios and private-sector pensions, the governments in Canada (Alberta excepted) must tighten their belts and slash the pay and benefits of all of their public employees.

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 Latest Plan to Control Euro Members

Jeff Cimbalo | Posted 01.24.2012 | Canada Business
Jeff Cimbalo

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.

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.

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...

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.

Let Greece Default

Peter Worthington | Posted 12.17.2011 | Canada Politics
Peter Worthington

There is no rescuing Greece. If the country will not submit to regulations that people like Mark Carney would probably endorse, better that it not be propped up. Let it abandon the euro and revert to the drachma, until it comes to terms with itself.

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.

Loonie Tumbles As Stock Markets, Commodities Slide

CP | Malcolm Morrison, The Canadian Press | Posted 11.22.2011 | Canada Business

TORONTO - The loonie tumbled more than two US cents Thursday as a gloomy assessment of the American economy sent commodity prices reeling and currency...

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...

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...

Europe's Choice: To Capitulate or Decapitate

Andrew Pyle | Posted 10.04.2011 | Canada
Andrew Pyle

The EU must decide whether or not to take the 'union' to its logical endgame. Creation of a single currency zone, without the strength of a centralized fiscal power to effect stabilization and redistribution, was never a sound economic idea. It was always a political idea.

Relief As Europe Bails Out Greece, Again

The Canadian Press | Posted 09.21.2011 | Canada Business

THE CANADIAN PRESS -- BRUSSELS - Eurozone leaders agreed to a sweeping deal that will grant Greece a massive new bailout — but likely make it the fi...