More and more analysts are beginning to predict that Greece will leave the eurozone, as EU leaders continue to demand more austerity and support for anti-bailout parties mounts.
The Guardian Nailed The Greek Bailout With This Awesome Front Page
One of the effects of a Grexit: A major whooshing sound, as cash rushes out of Spanish and Italian banks, as nervous nationals fear a return to pre-euro currencies in their countries.
Former ECB member Lorenzo Bini Smaghi has a sharply worded op-ed in the FT that basically says: Greece's demand to renegotiate its bailout while staying in the Eurozone is ridiculous, but that if Greece is forced out, the devastation will be bigger t
The equity value of European banks continues to evaporate into thin air.
Money is being pulled out of Greek banks at an alarming rate, and if something dramatic is not done quickly Greek banks are going to start dropping like flies.
The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks.
Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation’s banking system and after Greece’s leaders failed to agree on a coalition government.
Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end to its membership of the euro.
As Greece erupts, Italy is moving into the eye of the storm. Its economy is contracting at speeds not seen since the depths of the slump in 2009 as draconian austerity bites, greatly increasing the risk of social revolt and a banking crisis.
The crisis is not relinquishing its grip on Europe. From autumn 2008 to early 2009 the world market experienced the deepest slump in economic output since the Second World War.
As coalition government talks in Greece falter under disagreements over austerity and bailout terms.
Germany’s infamous Pirate Party took 8 per cent of the vote in the country’s biggest state, making it the fourth region where they have parliamentary seats.
Crisis escalates as insurrection breaks German control of Europe ... The political dam has broken in Europe.
The extreme-right ultra-nationalist party ‘Golden Dawn’ – described by many as neo-fascist – is set to enter the Greek Parliament.
Germany has ruled out any possibility of renegotiating the EU's fiscal pact, which is seen by the bloc as a defense against default.
It took months for international finance officials to piece together a bailout that was acceptable to Greek leaders. But it took voters just 12 hours at the polls to deal it a hard blow, leaving Greece on Monday at renewed risk of being pushed off th
Today Greeks go to the polls for an early general election, which may result in turmoil, threatening to reinvigorate the Euro-zone crisis.
Nicolas Sarkozy has conceded defeat in France's presidential elections.
UKIP, the British libertarian, anti-EU political party had it's best turnout in the recent local only elections on May 3! Maybe BRITAIN is RISING!
The new bureaucrat, who would not be directly elected by voters, is set to get sweeping control over the entire EU and force member countries into ever-greater political and economic union.
In the latest edition of On the Economists’ Minds, SocGen's Michala Marcussen reveals that the #1 client question right now is: Will the euro area switch to a new diet?
Google bosses were informed their Street View cars would collect e-mails, names, addresses and other personal data from Wi-Fi users around the world
Tens of thousands of Spaniards streamed into the streets nationwide Sunday to slam Madrid’s austerity program, which will take a $13 billion bite out of the country's education and healthcare budgets.
The eurozone is slipping into a recession that could have been avoided.
German Chancellor Angela Merkel said European Union leaders will discuss plans to bolster economic growth in the 27-nation bloc at their June summit.
Is Spain beginning to collapse and, perhaps, the EU with it?
It's not a total disaster, but it's a fairly ugly scene in Europe this morning.
Quarterly reports from some of Europe's top banks showed the scars of the euro zone crisis on Thursday, with big losses on Spanish property, and fragile markets casting a shadow over the rest of the year despite an early investment banking rebound.
Ecuador is ready for any possible fallout from the European debt crisis and a slowdown in global growth, and if necessary can access a contingency line of credit valued at $1 billion.