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."
alamy

China's Pound of Euro-Flesh

Given the European Union's occasionally expressed but steady desire to define their role in the world apart from the United States, and given the eurozone's relative weakness right now, a close relationship with China may be seen as the only non-U.S. alternative for them to pursue.
Getty

Canada Headed For Slowdown: IMF

OTTAWA - The Harper government is resisting calls for a second round of stimulus — for now — after a leading international organization warned of a global slowdown and Canada's central banker voiced c...
AP

TSX Dives On Opening

TORONTO - The Toronto Stock Exchange pared early triple-digit losses but still closed lower Tuesday as North American traders returned from the Labour Day holiday focused on persistent concerns about...
AP

A 'True European Economic Government'

PARIS - The leaders of France and Germany called Tuesday for greater economic discipline and unity among European nations but declined to take immediate financial measures seen by many investors as th...