Europe Debt Crisis

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

Eurozone Unemployment At Record High

BRUSSELS - Unemployment across the 17 countries that use the euro stayed at 11 per cent in April — the highest level since the single currency was introduced back in 1999, piling further pressure on t...
CP

Why Europe Is Falling Apart

Claudio Giudici pilots his Toyota Prius through the congested streets of Florence, his exasperation showing as he explains for the third time why open markets and competition are bad things for Italy....
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."