European Debt Crisis

In Greece, Debt Is a Four-Letter Word

Murtaza Haider | Posted 07.09.2016 | Canada Politics
Murtaza Haider

Never before has the financial distress of a few million attracted such global attention. From bank executives to finance ministers, the financial future of Greece and its place in the European Union is being discussed across boardrooms and kitchen tables.

What's Working in Canada's Economy and What Isn't

Peter Hall | Posted 01.23.2014 | Canada
Peter Hall

Canada's overall numbers are not as impressive, but they reflect the growth rotation that will see exports and business investment grab the baton from the consumer and housing sectors. Conditions already favour export growth: a weakening loonie, a surge in leading sectors, a key export market that is leading the way, and strong demand for resources.

The Economics of Europe's Lost Generation

Bessma Momani | Posted 12.15.2012 | Canada Business
Bessma Momani

At the IMF and World Bank Group annual meetings in Tokyo, the European economic crisis was never off the agenda and often took centre stage in panel discussions. In the streets of Athens, Madrid, and in cities of other fiscal adjusting European states, there is a real belief that this new economic reality will result in a lost generation.

Why Won't Canada's Troubled Friends Take Our Advice?

Christopher Sands | Posted 07.22.2012 | Canada
Christopher Sands

The G8 Summit was oddly clarifying: With Europe riven with divisions over the euro and the sclerosis of welfare states in aging societies, the United States wrapped up in increasingly parochial domestic politics, Japan adrift and Russia backsliding into authoritarianism, Canada stood alone as a country with healthy economic prospects and a stable government.

France, Greece Cast Shadow Over Financial Markets

CP | Daniel Wagner, The Associated Press | Posted 07.06.2012 | Canada Business

WASHINGTON - Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe's efforts to ...

Reluctant To Dole Out IMF Funds? You're Not Alone

CP | Lee-Anne Goodman, The Canadian Press | Posted 06.20.2012 | Canada Business

WASHINGTON - Canada is far from isolated on the world stage in its resistance to commit more money to the International Monetary Fund's efforts to com...

Springtime for Germany -- and North America?

Conrad Black | Posted 05.28.2012 | Canada
Conrad Black

Europe looks increasingly like it is stirring, like the awakening Brunhilda, from its torpor, and could gradually, tentatively, take up the aptitudes of intercontinental leadership of olden time. For America, it may indeed be time to learn something from Europe, but not the Europe whose emulation Barack Obama was urging four years ago.

G20: Let's Agree To Disagree

CBC | Posted 04.27.2012 | Canada Business

Representatives from the world's leading economies, known as the G20, have finished their meeting in Mexico City with no consensus on Europe's debt cr...

Wall Of Money May Only Buy Time: Bank President

CP | Mark Stevenson, The Associated Press | Posted 04.26.2012 | Canada Business

MEXICO CITY - Pressure mounted on Europe Saturday to build an even bigger financial stabilization fund to head off sovereign debt concerns, with the U...

Pffft: It's Not Like We Wanted to Be #1 Anyway

Scott Boyd | Posted 04.11.2012 | Canada Business
Scott Boyd

With the release of the latest growth projections from the Bank of Canada and the International Monetary Fund (IMF), it appears that Canada's two-year run at the top of the G7 group of countries could be coming to an end. Both the Bank of Canada and the IMF have lowered this year's growth predictions, paving the way for - get this - America to take over the top spot.

The Eurozone Country Where One In Five Jobless

CP | Pan Pylas, The Associated Press | Posted 04.01.2012 | Canada Business

LONDON - Unemployment across the 17 countries that use the euro ended 2011 at a record high of one person in every 10, official figures showed Tuesday...

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 ...

Europe's Recession Is A Done Deal... What About Canada?

CP | Malcolm Morrison, The Canadian Press | Posted 02.17.2012 | Canada Business

TORONTO - The Toronto stock market cruises into the Christmas holiday period this week, a time that in most years has seen little movement in markets ...

TD Outlook: Europe Could Drag Down Canadian Economy

CBC | Posted 02.13.2012 | Canada

TD Bank has lowered its outlook for the Canadian economy next year to 1.7 per cent growth, followed by 2.2 per cent in 2013. The bank’s ...

Euro Crisis Comes to Us

Andrew Pyle | Posted 02.11.2012 | Canada Business
Andrew Pyle

While last week ended on a positive note in terms of Europe's handling of its fiscal crisis, Canadians need to focus their concern on the so-called indirect effects from Europe's woes. The reality is that Europe has a very small footprint when it comes to Canadian trade abroad.

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.

One Continent, Under France and Germany

Jeff Cimbalo | Posted 02.06.2012 | Canada Business
Jeff Cimbalo

Looks like the EU has found an alternative to German domination of everybody else. It's the French-German domination of everybody else. Attendees should not be surprised to see new details on the fly that "must" be agreed to or risk destroying the eurozone and the EU.

The Euro Grand Ballet With Sarkozy and Merkel

Diane Francis | Posted 02.05.2012 | Canada Business
Diane Francis

The pas de deux, performed for weeks by Nicolas Sarkozy and Angela Merkel, is slowly easing eurozone members into becoming the United States of Europe. Frankly as political theater, it's enormously well-executed and deserves a Broadway Tony.

Democracy Not in Store for Eurozone Members

Jeff Cimbalo | Posted 01.31.2012 | Canada Business
Jeff Cimbalo

It's the member states paying in that lose, both by the creation of another huge bureaucracy inside the Union not all have agreed to, and in the knowledge that the Union can effectively now tax them directly, redistribute the money the way finance ministers alone see fit, and call it a bailout.

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.

An Open Eurozone Is a Weakened Eurozone

Jeff Cimbalo | Posted 01.16.2012 | Canada Business
Jeff Cimbalo

There are methods which could easily be used to reform the eurozone with tighter controls. However, demoting the euro from a requirement to some sort of enhanced cooperation or its like will have its problems, largely because of the agreed ethics of such processes within the greater Union.

Berlusconi To Resign

CP | Nicole Winfield, The Associated Press | Posted 01.12.2012 | Canada Business

ROME - Italian Premier Silvio Berlusconi resigned Saturday after parliament's lower chamber passed European-demanded reforms, ending a 17-year politic...

Why Italy Is Key To Stabilizing The Eurozone Crisis

CP | The Associated Press | Posted 01.12.2012 | Canada Business

TOKYO - The chief of the International Monetary Fund said Saturday that Italy's financial reform is key to reducing the impact of the eurozone crisis,...

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.

Europe's Greatest Deficit Is its Democracy

Jeff Cimbalo | Posted 01.08.2012 | Canada Business
Jeff Cimbalo

Soon-to-be-former Greek Prime Minister Papandreou had the right instinct calling for a referendum on the austerity package. There has been a long-stranding "democratic deficit" within the European Union, with major decisions being made without the input of the Union's citizens. The latest crisis is only increasing this deficit.