The Market Now

Europe


One of the few remaining store owners in Modiano district market sits and reads a newspaper outside his closed premises in Thessaloniki, Greece.

Photographer: Konstantinos Tsakalidis/Bloomberg

One of the few remaining store owners in Modiano district market sits and reads a newspaper outside his closed premises in Thessaloniki, Greece.

Europe’s Debt Crisis May Be Over, Its Suffering Isn’t

For those concerned mainly about the chances of a major default, there are reasons for relief. From the viewpoint of the human crisis in the European periphery, though, things don't look so good.

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Newly-constructed residential apartments in Orestad, on the outskirts of Copenhagen, Denmark.

Photograph by Freya Ingrid Morales/Bloomberg

Newly-constructed residential apartments in Orestad, on the outskirts of Copenhagen, Denmark.

The World’s Worst Spendthrifts Aren’t Who You Think

You're not familiar with the reckless spending habits of Denmark? Many folks are under the impression that it's southern Europe that is burying its children under a mountain of debt. Believe it or not, they have it backwards.

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People reach out to receive free bags of leftover vegetables handed out by striking street vendors in Athens, Greece.

Photographer: Kostas Tsironis/Bloomberg

People reach out to receive free bags of leftover vegetables handed out by striking street vendors in Athens, Greece.

How Are Spain and Greece Different from Ireland? Start With 25%-Plus Unemployment

Supporters of austerity point to Ireland as the poster child for the good things that happen when you follow the rules. The difference is that unemployment in Greece and Spain is much worse--and still growing.

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Harrods doorman Robert Taylor poses for a photograph outside the luxury department store in London, U.K.

Photographer: Jason Alden/Bloomberg

Harrods doorman Robert Taylor poses for a photograph outside the luxury department store in London, U.K.

New Money, Old Problem

The image of the brand-hungry Chinese tourist is a current cliche, much as the bejewelled Russian was a few years ago. Get past the gaudy stereotypes, though, and whether you look at China, Russia or the Middle East, you find...

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The lights of Canary Wharf, kept on, perhaps, by bankers working late to justify their bonuses.

Photographer: Simon Dawson/Bloomberg

The lights of Canary Wharf, kept on, perhaps, by bankers working late to justify their bonuses.

$2 Million Bonuses Do Nothing For Performance. Europe Is Finally Killing Them.

There's a compensation tool that accomplishes almost everything we want from incentives. It comes at the end of a year of good performance. It encourages employees to stay longer to realize its full benefit . It is the "raise."

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