It’s not going to be easy for Mario Draghi today. The President of the European Central Bank is often lauded as a straight talker. He might have to be just the opposite when he gives a press conference at 14:30...
Read more »Draghi in Triple Hot Seat May Seek Verbal Escape Route
Today in Euro Crisis History: Domino Theory
November 21, 2010 IRELAND REQUESTS RESCUE, EUROGROUP SAYS Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight the roots, twists and turns...
Read more »Today in Euro Crisis History: Vintage Scoop
November 13, 2010 Ireland Urged to Take Aid by European Officials Amid Debt Crisis Irish Prime Minister Brian Cowen said he is working with fellow European leaders as his nation’s sovereign debt crisis threatens the stability of European markets. While...
Read more »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...
Read more »How 10M Greeks Vote on Future of 500M Europeans
European newspapers reflect how the attention of the whole region is focused on the Greek general election. In other words, a population of just over 500 million in the European Union is watching with varying degrees of concern as fewer...
Read more »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...
Read more »Must Democracy Be Sacrificed to Save Europe?
The European debt crisis has played havoc on the continent’s politicians. This year alone four countries have seen their governments fall—Ireland, Portugal, Greece, and Italy—the last two “without a shove from voters,” reported Bloomberg News yesterday in a story about...
Read more »European Spending Habits Die Hard
Austerity is hitting home in some EU countries. Many Europeans will be spending less on gifts, food and socializing in the upcoming holiday season and New Year, Bloomberg’s Julie Cruz reports. The Greeks expect to spend 22 percent less than...
Read more »Euro Crisis Unleashes Old Stereotypes
As an American somewhat steeped in political correctness, I was shocked when I moved to France in 2001 by how commonly and unashamedly many Europeans invoked shopworn stereotypes of each other. In the era of the expanding European Union and...
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