Eurozone Crisis


Weak Growth For Canada: OECD

PARIS - A Paris-based think-tank predicts economies of the Group of Seven countries will grow at an annualized rate of just 0.3 per cent in the third quarter.At the same time, the Organization for Eco...

Europe To Harper: Don't Lecture Us

Prime Minister Stephen Harper has taken his tough talk about the European economic crisis to the G20 summit in Mexico, but his position earned him some criticism Monday from the head of the European C...
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Party Poopers

MADRID - Spain's ability to manage its debt without an international bailout was thrown into doubt Monday after investors pushed its borrowing rates up to the level at which Greece, Portugal and Irela...

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....

Eurozone Unemployment At Record High

BRUSSELS - Unemployment in the 17-country eurozone unexpectedly spiked to 10.7 per cent in January, its highest rate since the euro was established in 1999, while inflation pushed beyond the European...
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A World View of the Economy in 2012

The beginning of the New Year brings an opportunity akin to other pundits about how trends or results will come to the fore in 2012. It is tempting to simply say there will be another crisis as usual in the Eurozone, with austerity measures becoming more embedded. But the damage this year will likely extend to the global image of the E.U.

The EU's New Budget Motto: "Mother May I?"

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.

Flaherty: G20 Shouldn't Bailout Eurozone

OTTAWA - Finance Minister Jim Flaherty is pouring cold water over a report that the group of countries known as the G20 is attempting to drum up US$600 billion in financial support to help out the hea...

Democracy Not in Store for Eurozone Members

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.

American and European Tribalism

Gaddafi wasn't even buried when pundits began speculating as to whether the tribes of Libya would be able to pull together to prosper. The answer was obvious. Of course they will have huge difficulties getting along. After all, Europe's "tribes" were still quibbling over how to handle their impecunious tribes such as the Greeks.