Hope persists that Germany would not only bail out Spain and the rest of the Eurozone but would also tolerate the Fed-ization of the European Central Bank.
Ever since European central bank president Mario Draghi said the ECB will "do whatever it takes to preserve the euro", market expectations have been raised for its meeting tomorrow.
Greece on Monday said it was reviving efforts to conclude an accord with Switzerland in order to tax Greek bank account holders there, as central bank data showed a large outflow of deposits abroad.
Hungarian Prime Minister Victor Orban lashed out at the European Union for failing to solve the bloc’s economic crisis on Saturday, a day after calling for a new economic system.
Late last night I arrived to Brussels. As the capital of the European Union, Brussels is Europe’s political mother ship, the home base of the continent’s good idea factory.
Europe is giving new meaning to the term "bootstrapping," the age-old (virtuous) idea of picking oneself up off the floor after some blow or reversal of fortune has laid you low.
Europe appears to be dismembering. We see Spanish yields breaking well above 7%. The Spanish government bond market is essentially closed to private investors.
New economic data out of the Eurozone suggests things are just getting worse.
Hundreds of protesters have converged on Madrid to raise their voices against record unemployment and deeper social spending cuts as Brussels continues to push more austerity on Spain in return for bailing out its banking sector.
Spain's government just sold a bunch of short-term debt this morning.
The European Union is at risk of being destroyed by the euro.
If you were involved in Icelandic high finance in the run-up to the recession, you might want to start watching your back.
The mainstream media attempted to write off the implosion of the index as a fluke tied to the “overproductions of cargo ships” instead of a warning sign of deteriorating demand. The past six months have proven that assertion to be entirely false.
Yes, the power elite that wants to run the world seems to set up crisis after crisis, economic or military, in order to reinforce the idea that only a handful of politicos are important and that everyone else is a kind of spectator.
The E.U., he said, has meddled for years in Britain’s legal affairs and labor laws. But this time the 27-nation body had gone too far by interfering with his pride and joy: the retrofitted KTM 950 motorcycle he rides on the country lanes
What can Europe learn from the United States?
Please watch this, and watch the end as they yell at each other 0_0!
Forget Ali - Frazier; ignore Santelli - Liesman; dismiss Yankees - Red Sox; never mind Silva - Sonnen; the new undisputed standard by which all showdowns will be judged happened in Spain over the weekend.
“Dr. Doom” Nouriel Roubini says the “perfect storm” scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
France enjoyed a boost in investor confidence with a successful bond auction Monday - but also got a warning from the president that growth so far this year is "nil" and that the country needs to rethink its social model.
Stock index futures slipped on Monday, putting the S&P on pace for its third consecutive decline, after economic data in Asia pointed to a slowing of global economic growth.
The euro zone's plan to let the European Central Bank supervise its biggest banks requires governments to give it unambiguous powers, sets a highly ambitious timetable and poses potentially dangerous conflicts of interest.
The European Union held a summit meeting last week, prompting a significant rally in both European and American markets at the perception of progress in controlling the Euro meltdown. However, it’s difficult for a sober analyst to find anything of l
A hearing at Germany's version of the Supreme Court, to be held on July 10, could destroy all the optimism from the last EU summit.
Blackstone's Byron Wien is up with a new column, wherein he relays a conversation he had with someone he only refers to as The Smartest Man In Europe.
On Friday, June 29th, German Chancellor Angela Merkel acquiesced to changes to a permanent Eurozone bailout fund—“before the ink was dry,” as critics complained.
"The world´s financial markets seem obsessed with daily monetary and fiscal policy evolutions in euroland which form the basis for risk on/risk off days in the marketplace and the overall successful deployment of carry strategies so important to asse
The Fate of the Global Financial System Hangs in the Balance ... Critical meetings are taking place today and tomorrow which may decide the fate of the EU.
Laughable Text of EU "Memorandum of Understanding"; ESM Not Been Ratified Yet Already Requires Changes; How Much ESM Firepower Is There?
Germany has today caved into demands made by Italy and Spain for immediate eurozone aid to bring down their soaring borrowing costs, sending the euro and markets higher.