European Union apparatchiks are preparing to lockdown Europe following Greece’s exit. From the Associated Press today:
Olivier Bailly spokesman said Tuesday that, legally, limits could be imposed on movement of people and money across national borders within the EU if it's necessary to protect public order or public security.
Europe’s economies have been on a fiscal collision course for years, what with more people taking from the various socialist systems around the continent than paying into them.
European leaders are racing to hash out a grand bargain to save the euro and prevent the region’s 21 / 2-year debt crisis from going critical. To grasp the equally grand flaws of the currency union they are trying to fix, look no further than the pli
European Union nations have agreed to allow countries to temporarily restore border checks in the visa-free area if needed to curb illegal immigration.
For those that are busy preparing for the coming global financial collapse, there is a lot to be learned from the economic depression that is happening right now in Greece.
The G7 is correct to be concerned.
The sky is falling, the Earth is dying, the money supply is shutting down.
An International Monetary Fund report on Spanish banks will show the country's troubled lenders need a cash injection of at least 40 billion euros ($50 billion), sources in the financial sector said Thursday.
Chancellor Angela Merkel said Europe was ready to act to ensure stability in the euro zone as Spain's credit rating was cut by three notches on Thursday amid expectations it may soon seek EU help for banks beset by bad debts.
Alternatives to an "Ugly Divorce"
Here’s an unusual duo for this version of bull versus super bull.
Tourism, Greece’s second largest industry after the shipping industry, and already in a downdraft, is taking another hit as tour bus drivers will go on strike for four days next week; wage negotiations have deadlocked.
The European Central Bank will make a highly anticipated monetary policy decision tomorrow, gaining the most attention of any such meeting since December.
The European Central Bank left its main interest rate unchanged Wednesday, choosing to put the onus on political leaders to address an increasingly dangerous level of tension in the euro zone.
Under growing international and financial market pressure to fix the region’s bank problems, European officials took a step on Tuesday toward surrendering a cherished national prerogative by proposing to knit banking systems together more closely.
Yields on 10-year Treasuries plunged to a record-low 1.56 percent on Thursday morning as panicky investors stormed out of European financial assets into German and U.S. government bonds.
Madrid was dealt a double blow on Thursday after it emerged that almost €100bn in capital had left the country in the first three months of the year and the head of the European Central Bank lambasted its handling of Bankia, the troubled Spanish lend
China’s rising labor costs and a deteriorating regulatory environment are prompting almost a quarter of European Union companies to consider shifting investments to other countries, a survey showed.
Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17 .
European equities markets saw a major sell-off, while EU leaders prepared to meet for an informal summit in Brussels. The euro fell and stuck below the important $1.26 benchmark.
European calls for Greek contingency plans are nothing more than brinkmanship.
A European envoy held out a possible compromise in a dispute with China over emissions charges on airlines.
Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to boost economic growth.
As prices for most necessary commodities, such as fuel, rise and salaries fall, citizens of Europe’s strongest economy resort to desperate measures.
Global banks see market rally on Greek exit
Ahead of the next Greek election, it seems pretty clear that 'core' Europe has one message for Greece.
In Athens, the homeless are on the streets in growing numbers, soup kitchens feed twice as many people as a year ago, and the poor are diving into garbage bins in search of scrap they can sell.
Bonds of Spanish banks fell after Moody’s Investors Service downgraded 16 of the nation’s lenders and said it may cut seven of them again because of the state of the economy and the government’s deteriorating credit.
The euro hit a four-month low against the dollar and 3-1/2 month trough versus the yen on Friday as concerns about a chaotic Greek exit from the euro zone and instability in the Spanish banking system fuelled demand for safer currencies.