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Photograph by Angelos Tzortzinis/AFP/Getty Images

Photograph by Angelos Tzortzinis/AFP/Getty Images

The Men in Black Are Back in Athens to Check the Books

The men in black are back in Athens. Greece is hosting members of the so-called Troika, representatives from the euro zone, the European Central Bank and the International Monetary Fund, who are there to assess how far the country may...

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Photograph by Donald Iain Smith/Getty Images

Photograph by Donald Iain Smith/Getty Images

Euro Debt Crisis May Force Military Rethink

The armies of Europe may soon be on the run as the debt crisis forces politicians to rethink military spending. The cuts being driven through by cash-strapped governments, although they have been announced piecemeal, may force a redesign of the...

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Photograph by Uli Deck/DPA/Getty Images

Photograph by Uli Deck/DPA/Getty Images

Can the EU Get Tough on Its Own Spending?

European Union funds destined for the island of Sicily have been blocked until further notice, Corriere della Sera reported. The suspension of the funds, that are usually destined for economic, structural and social reform projects, comes after controls over how...

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Photograph by Balint Porneczi/Bloomberg

Photograph by Balint Porneczi/Bloomberg

Is French Debt Worth More Than Its Face Value?

France sold treasury bills at so-called negative yields yesterday, the first time that has happened since at least 1999, when Bloomberg started gathering this data. The sale of three-month and six-month bills that will cost investors more than their face...

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Olympiacos Football Club is owned by Vangelis Marinakis

Photograph by Richard Heathcote/Getty Images

Olympiacos Football Club is owned by Vangelis Marinakis

Greek Diaspora Tapped for Donations to Cancel Greek Debt

Greeks living abroad are being asked to contribute to a charity domiciled in Delaware that plans to buy up and forgive Greek government debt. Greek shipping heir Peter Nomikos aims to tap the Greek diaspora to help reduce the Greek...

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Photograph by Louisa Gouliamaki/AFP/Getty Images (L) -- Kostas Tsironis/Bloomberg (R)

Photograph by Louisa Gouliamaki/AFP/Getty Images (L) -- Kostas Tsironis/Bloomberg (R)

The Changing Face of Europe: Stournaras vs Rapanos

This is an occasional series on who is losing their job amid the European debt crisis, and who is replacing them. IN: Yannis Stournaras is Greece’s new finance minister – appointed after his predecessor resigned less than a week into...

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Photograph by Alessia Pierdomenico/Bloomberg

Photograph by Alessia Pierdomenico/Bloomberg

EU Shoppers See Neighbors’ Purchasing Power Grow

Consumers in the periphery of the euro zone have been slowly squeezed since the introduction of the euro. Prices consumers pay in peripheral nations are getting higher in relation to labor costs compared with countries including Germany. Prices in Germany...

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