… wasn’t the banner headline on this week’s Pew Research Center survey of European public opinion, but isn’t as far from reality as you might think. True, the Pew numbers, derived from a March poll in eight European Union countries...
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EU Popularity Withstands Crisis Test…
Photograph by David Nevala/Getty Images
Merkel Shows Germany’s Woodsmen How to Chop
A gathering of Germany’s foresters may not seem like the most obvious venue for Chancellor Angela Merkel to defend her austerity agenda against the encroaching horde of Keynesians. Yet there she was, at first weighing in on the government’s arboricultural...
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Photograph by Alessia Pierdomenico/Bloomberg
Napolitano Says Basta, to Leave Italian Impasse to Successor
Italian President Giorgio Napolitano, two months shy of his 88th birthday, has said his work is done as he prepares to hand off the country’s political stalemate to an unknown successor. The role of the Italian president is generally a...
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Europe’s Creeping Comeback
Even as dark clouds form over Europe’s economy again, there may be a silver lining emerging from three-years of crisis. From Ireland to Spain, the austerity demanded by policy makers in exchange for aid amid three years of debt woes...
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Peer Steinbrueck at an Ash Wednesday political event Feb. 13, 2013
Steinbrueck Goes Peer-Shaped in Brussels
Peer Steinbrueck made a German campaign cameo in Brussels today and left everyone wondering how he would manage the crisis differently than the woman he is trying to oust in next fall’s German federal election, Chancellor Angela Merkel. Steinbrueck made...
Read more »Today in Euro Crisis History: Dept. of Diversions
February 18, 2011 JPMorgan Says It Was Tricked Into Keeping Lehman’s ‘Goat Poo’ Collateral Lehman Brothers Holdings Inc. tricked JPMorgan Chase & Co. into holding onto collateral that the bankrupt investment firm internally described as “goat poo,” according to a...
Read more »Today in Euro Crisis History: Tail Risks
February 13 2010 ‘Euro Is Sound,’ ECB’s Draghi Says as He Urges Greek Budget Cuts European Central Bank council member Mario Draghi said the euro remained “sound” after the European Union pledged to support Greece in a bid to ease...
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Photograph by Jock Fistick/Bloomberg
Greek Prime Minister George Papandreou at EU Summit in Brussels, Feb. 11, 2010
Today in Euro Crisis History: Annals of Market Intelligence
February 12, 2010 BlackRock Says Greece Is No Lehman, Buys Its Bonds BlackRock Inc., the world’s biggest asset manager, increased its Greek bond holdings, betting the European Union won’t allow the nation to default as Prime Minister George Papandreou cuts...
Read more »Today in Euro Crisis History: The First Crisis Summit
February 11, 2010 EU Demands Greek Cuts in Bid to Uphold Euro Stability European leaders ordered Greece to get the bloc’s highest budget deficit under control and promised “determined” action to staunch the worst crisis in the euro currency’s 11-year...
Read more »Today in Euro Crisis History: A Pause for Introspection
February 8, 2012 EU Says It’s Not Ready to Contemplate Greece Leaving the Euro The European Commission said it is united in wanting to keep Greece in the euro and isn’t mulling a Greek exit. “This is not a scenario...
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