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.

ATHENS, Greece - The Greek economy remained stuck in a deep recession in the fourth quarter, according to official figures released Tuesday that confi...

ATHENS, Greece (AP) -- Thousands took to the streets of Athens as unions launched a two-day general strike against planned austerity measures on Frida...

The idea of a united Europe was always a fable of course, as some of us warned, and it was compounded by a policy of not hearing, seeing, or speaking any evil about the European ideal that was bound to lead to tears.

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?

Let 'em go. Let 'em make their own way until they change their minds and rejoin the club and adhere to existing rules. If that means another recession, or even a depression, better now than at some time in the future when damage will be even greater.

What Europe must do to save the euro is very similar to what Alexander Hamilton did in the United States in the 1790s to create the dollar. But the new American super-government was elected. The new European supergovernment won't be.

WASHINGTON - Canada is urgently calling on Europe to "overwhelm" their problems with a massive bailout of their big banks as a necessary first step to...

ATHENS, Greece - Moody's downgraded eight Greek banks Friday, citing their exposure to their government's bonds and the deteriorating economic situati...

ATHENS, Greece - Greece will have to take fresh austerity measures, the debt-ridden country's finance minister said Wednesday, a day after Athens move...

VOULIAGMENI, Greece - Greece's finance minister promised Monday to stick with his plan for the country to post a primary surplus in 2012 as the countr...

WROCLAW, Poland (AP) - Finland's finance minister said she doesn't expect the eurozone to resolve a dispute over her country's demand for collateral f...

The popular discontent of the last few months is certainly understandable. What is less understandable is what seems to be a widespread belief among Greeks that the citizens are neither responsible nor have any obligation to bear the consequences for their government's overspending.

THE CANADIAN PRESS -- BRUSSELS - Eurozone leaders agreed to a sweeping deal that will grant Greece a massive new bailout — but likely make it the fi...

THE CANADIAN PRESS -- LONDON - A leading credit ratings agency warned Monday that Greece would be considered to be in default if banks rolled over the...