As one of the last few euro members with an untarnished credit rating on the line, the Dutch government indicated Sunday that it would press ahead with efforts to pass an austerity budget
Spain Bans Cash Transactions Over 2,500 Euros … Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders.
Put another way, today the entire Spanish banking system is saturated with toxic mortgage debt on a level that makes the US in 2008 LOOK GREAT.
key index of business optimism on Friday reinforced what an increasing number of economists are saying: Germany is beginning to see an upswing -- even as the rest of the 17-country eurozone struggles with economic and financial turmoil over too much
Emigrants sent 6 percent more home last year.
As Germany insists that Greece submit to harsh austerity measures leaving pensions cut, unemployment soaring and the healthcare system slashed, one area it believes needn't be cut is Greece's weapons purchases, provided in great part by and benefitin
The EU's problems have not been fixed, just paper over. MEP Nigel Farage believes that the end of this Ponzi scheme will bring massive banking collapses, civil unrest, rebellion, and perhaps "some sort of awful social cataclysm."
As Greece wonders whether its debt crisis will eventually spell its exit from the euro, one town, Volos, has formed an alternative local currency.
Italy exported a total of 120 tonnes of gold to Switzerland last year. The solid gold bars are now Italy's fastest growing export.
Venezuela provides Cuba with up to $15 billion a year, which helps offset the US embargo. But there is the real possibility Chávez may not win or survive another six-year term as president.
Investors have turned away from riskier assets, favouring U.S. stocks, as concerns about the euro zone debt crisis resurface and expectations for global growth are scaled back, a closely-watched fund managers' survey showed on Tuesday.
The euro zone is risking a "prolonged period of deflation" if it doesn't do more to address the vicious circles that its debt crisis is creating, the International Monetary Fund said Tuesday.
The EU's statistics agency revised upwards its March inflation reading for the euro zone on Tuesday, adding to the case for the European Central Bank to hold back from further monetary stimulus.
Since the burst of its housing bubble in 2007, Spain's economy has been in a downward spiral and could very well become the next Greece.
Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent's sovereign debt crisis. As if it were that simple.
A fourth consecutive increase in euro-zone exports took the region's trade balance into surplus in February, data showed Monday, bolstering hopes that economic contraction will be short lived.
A jump in the bond yields of Spain weighed on a recovery in European stocks and pushed Asian indexes lower as investors feared Madrid may eventually need a bailout that the eurozone can scarcely afford.
The euro dropped to less than $1.30 for the first time in two months as Spanish bond yields touched a 2012 high after a minister called on the European Central Bank to do more to stem debt-market turmoil.
News coverage seems to suggest that the markets are panicking about the deficits themselves.
It's really hard to argue with Paul Krugman's latest column, which argues that Europe is committing economic suicide.
These days, it's common to hear of young bankers jetting off to work in Asia to grab a piece of the action on the other side of the world.
Every market is a process of social and power relationships. In every market there are price makers and price takers.
At the Institute for New Economic Thinking conference in Berlin, economist Joe Stiglitz delivered a presentation titled Is Mercantilism Doomed to Fail? China, Germany, and Japan and the Exhaustion of Debtor Countries.
George Soros delivered one of the best and most concise assessments of what went wrong in Europe, and why things are getting worse.
The World Bank is expected to announce its next president on Monday, and for the first time ever, it's got a competition on its hands.
Dubai's tourism authority is planning to open an office in South America as it hopes fast-growing Latin economies such as Brazil and Argentina will supply an influx of visitors to the emirate.
President Barack Obama is touting the growing economies of Latin America, saying the region has moved well beyond an era of cold war tensions and now presents a tremendous trade opportunity for the United States.