How the Greek people were enslaved for life
Italy had to pay record rates to raise €10bn this morning, while France and Germany warn that a blow-out in its giant debt mountain would signal "the end of the euro."
Investors began to fear the worst for the euro after unusually weak demand at an auction for bonds from Germany, the region’s largest economy. One analyst went so far as to put the currency on a “death watch.”
(Reuters) - France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis.
UK banks are currently owed hundreds of billions of euros by the countries currently at the centre of the European debt crisis. France owes British banks €227 billion, while Ireland, Spain, Italy and Portugal owe...
The debt crisis struck at the heart of Europe on Wednesday, as Germany fared surprisingly poorly at a bond auction and its leader feuded with top European Union officials over their push for jointly guaranteed debt.
A "disastrous" German bond sale on Wednesday sparked fears that Europe's debt crisis was starting to threaten even Berlin, with the leaders of the euro zone's two biggest economies still at odds over a longer-term structural solution.
“We seem to have entered the last days of the euro as we currently know it. That doesn’t make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen – probably by mid-January
Spain's short-term borrowing costs hit a 14-year high on Tuesday as political uncertainty over a solution to the euro zone's sovereign debt crisis hit another vulnerable southern European economy.
Euro-zone bond markets suffered another sell-off Tuesday, with investors especially dumping short-term debt after Spain was forced to pay a heavy price to auction its latest brace of Treasury bills.
Billionaire investor George Soros believes the euro bond market is facing a similar situation to the banking system in 2008 and wants the European Central Bank to step in to stop a self-fulfilling crisis of confidence. (Well Hell... if Soros says)
A decision by Germany to levy a tax on pensions received by Belgians who were slave labourers for the Nazi regime during the Second World War has provoked fury among survivors.
Let us all extend our sympathies to the Spanish people. They face the greatest national emergency since the Civil War yet their vote for drastic change is palpably useless, even if democracy has in this case at least been respected.
Kyle Bass on the other hand knows his shit cold, and on the show last Friday the subprime superstar didn’t hold back on taking down Sara Montague’s accusive, somewhat insulting rhetoric and absolutely decimated her absurdly sensationalist arguments.
MADRID – Spanish voters kicked out the Socialist government Sunday in elections seen as a referendum on the handling of the European debt crisis, which has left Spain buckling under soaring unemployment, burgeoning debt and cuts in public benefits.
Niall Ferguson peers into Europe's future and sees Greek gardeners, German sunbathers—and a new fiscal union. Welcome to the other United States.
Brussels bureaucrats were ridiculed yesterday after banning drink manufacturers from claiming that water can prevent dehydration.
BRITAIN will soon be forced to scrap the pound and join the euro, one of Germany’s most senior figures said yesterday.
It's official - Germany has become just like China (or, rather, has always been like it): the more it is pushed to do something (let ECB print), the more it will do the opposite.
Nigel Farage needs no introduction: the famous Euroskeptic is one of very few men who has had the temerity to question, often in an abnormally high decibel fashion, the stupidity of the Eurozone leaders from day one.
European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis.
The emergency government of Italian Prime Minister Mario Monti, which was unveiled Wednesday, isn't the first administration of technocrats Italy has tapped to pull it out of trouble.
The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.
the fact remains that no matter what, no matter the scale of lies out of Europe, the problem still remains: the math just does not make any sense.
Italy’s Senate approved debt- reduction measures in an attempt to shore up investor confidence and pave the way for a new government that may be led by former European Union Competition Commissioner Mario Monti.
PREPARATIONS were under way last night for the break-up of the euro as Europe’s debt crisis spiralled out of control.
As Europe’s financial crisis threatens to engulf Italy, a country that may be too big to save, top euro-zone officials have taken aggressive steps in recent days to whip errant members into shape.
Greece has named former European Central Bank Vice President Lucas Papademos as its next prime minister, ending more than three days of wrangling between the country's two main political parties over who will lead an interim government.
Italy moved closer to a national unity government on Thursday, following Greece's lead in seeking a respected veteran European technocrat to pilot painful economic reforms in an effort to avert a euro zone bond market meltdown.
(Reuters) - Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.