ATHENS, Greece - German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visi...

ATHENS, Greece - German Chancellor Angela Merkel makes her first visit to Greece since the eurozone crisis began here three years ago. Her five-hour s...

A new permanent bailout fund for the eurozone will come in to force later Monday at a meeting of eurozone finance ministers in Luxembourg. ...

German Chancellor Angela Merkel's visit with Prime Minister Stephen Harper has reignited the issue of Canada's refusal to contribute money to a bailou...

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.

ATHENS, Greece - Fears of an imminent Greek exit from Europe's joint currency receded Sunday after the conservative New Democracy party came first in ...

LOS CABOS, Mexico - Prime Minister Stephen Harper and other world leaders at a meeting of the world's 20 most important economies can breathe a little...

STOCKHOLM - Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing ...

OTTAWA - Canada's economy performed relatively well last year, but not enough to displace Germany as the top country in the Group of Seven big industr...

FRANKFURT - A top European Central Bank official has publicly discussed the reasons for his surprise resignation, saying he is not satisfied with the ...

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 ...

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.

This comparison should give the Greeks some hope -- after all, Argentine 10-year government bonds today are comparable to other emerging market economies and investors flocked back to Argentina. What did Argentina do and what can Greece learn from its experience?

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.

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.

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 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.

The demise of the euro would deliver a significant blow to the Canadian economy, leading to less trade, higher unemployment and a possibl...

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.

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."