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Euro Crisis

Photograph by Sean Gallup/Getty Images

Photograph by Sean Gallup/Getty Images

Are Germany’s `Minijobs’ a Poverty Trap?

Germany’s jobless rate has fallen to a two-decade low of 6,7 percent. Meanwhile, across the border in France, “President Francois Hollande ended his first two weeks in office with a thud,” Helene Fouquet and Mark Deen report, after jobless claims...

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Photograph by Sipa via AP Photo

Photograph by Sipa via AP Photo

Greece: Europe’s New Special Economic Zone

Germany’s Angela Merkel is hunting for alternatives to her austerity mantra. She needs a new message after her line was eclipsed by French President Francois Hollande’s election on a push-for-growth agenda. Among the proposals lined up by Merkel’s advisers, Der...

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Photograph by Oliver Bunic/Bloomberg

Photograph by Oliver Bunic/Bloomberg

When a Greek Bank Run Becomes a Balkan Bank Run

One European bank that is getting ready for a wave of clients withdrawing money, spooked by uncertainty over Greece’s future in the euro ahead of the country’s elections on June 17, is Austria’s Raiffeisen Bank International AG. The bank has...

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Photographer: Angel Navarrete/Bloomberg

Photographer: Angel Navarrete/Bloomberg

Is Valencia Spain’s Own Little Greece?

Spain’s regional governments have much to answer for in the country’s financial crisis. Not only were regional authorities largely responsible for political interference in the local savings banks, the Cajas, which contributed to their demise, but they also ran up...

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Photograph by Eirini Vourloumis/The New York Times/Redux

Goldman’s Best Bet Is Greece Won’t Exit Euro: O’Neill

“I can’t really see what the great attraction is for Greek voters” of their country leaving the euro, said Jim O’Neill, chairman of Goldman Sachs Asset Management. In this interview with Francine Lacqua, O’Neill said that “If you put a...

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