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Both the Germans and The Greeks Have Had It

Greece voted for more austerity, but the bad blood accumulated makes this the last go around for both Greece and lenders.Amiel Ungar, 2/14/2012, 10:27 AM

EU To Greece: No Deal, No Money

Angela Merkel and Nicolas Sarkozy applied pressure on Greece to reach a final agreement with her creditors.Amiel Ungar, 2/7/2012, 4:44 AM

Germany Cracks Whip; EU Falls In Line

A call by Germany to install a budgetary baby sitter in Athens has accelerated progress toward a centralized European budgetary oversight.Amiel Ungar, 1/30/2012, 12:28 PM

Christine Lagarde Gives Germans Bitter Advice

Calling upon Germany to drop objections to bigger bailout fund and easier credit, Lagarde invokes memories of 1930.Amiel Ungar, 1/24/2012, 4:52 AM

Unions Accuse Labour of Betrayal on Pay Freeze

The need for Labour to back the austerity policy, if not its pace, has opened a rift between the party and the unions.Aryeh ben Hayim, 1/18/2012, 7:07 AM

Private Creditors Rebel Against Haircut Terms

Stunned by the downgrades, Europe had no time for recriminations as the Greek crisis struck again.Amiel Ungar, 1/17/2012, 6:51 AM

Popular Party Finds Cupboard Worse Than Bare

The new Popular Party government of Spain is slashing expenses and raising taxes as it discovers a mountain of undisclosed debt.Amiel Ungar, 1/2/2012, 11:38 PM

Balance of Power Change: UK to Downsize Army

Britain's top army officer warned that Britain will have to rely more on local allies as necessary economies on spending will cut manpower.Amiel Ungar, 12/18/2011, 3:24 AM

Cameron Attempt to Ward Off Party Revolt on EU

David Cameron tried to channel Tony Blair but the growing opposition to his European policy within his party may make this impossibleAmiel Ungar, 12/8/2011, 9:54 PM

Industrial Relations Aggravate as Recession Hits

Britain's austerity measures are fostering union militancy and governmental anit-union rhetoric.Amiel Ungar, 12/1/2011, 10:29 AM

Analysis: The Euro Isn't Dead Yet

Fiscal pundits say the Eurozone is dead and will be buried by years end, but banking officials haven't given up. Why?Gabe Kahn., 11/30/2011, 9:17 PM

'Game Over' – Italian Prime Minister Resigns

Italian Prime Minister Silvio Berlusconi officially resigned Saturday, ending the longest-running terms of office in his country.Chana Ya'ar, 11/13/2011, 12:54 PM

Super Mario Tackles Problems Beyond Our Control

Italy has its first unity government since the end of the Second World War but its economic options are more constricted.Amiel Ungar, 11/11/2011, 3:42 AM

Facing Anemic Growth France Hikes Taxes

The French government is going all out to preserve France's AAA bond rating. It might ensure its electoral defeat.Amiel Ungar, 11/11/2011, 1:19 AM

Key Ally Wants Berlusconi to Go

Faced with defections within his own party, cracks in his coalition, and a dangerous spike in bond yields, Berlusconi is in trouble.Aryeh ben Hayim, 11/8/2011, 7:46 PM

Italy Tries to Cool Rising Interest on Bonds

As feared, the Greek decision to hold a referendum brought immediate pressure on Italy.Amiel Ungar, 11/3/2011, 9:47 PM

China Becomes EU's Lender of Last Resort

If China decides to help stabilize the EU's finances it will expect something in return.Amiel Ungar, 10/31/2011, 6:02 AM

EU Agreement Has Positives and Question Marks

The disparity between the stock and bond markets demonstrates that the jury is still out on the latest EU agreement.Amiel Ungar, 10/28/2011, 3:37 PM

EU Debt Crisis Worsens, Hits Core Countries' Bank

The downgrading of Italian debt by three notches and the stock panic over the Dexia Bank are symptomatic of the continuing debt crisis.Amiel Ungar, 10/6/2011, 8:36 AM

Banks Holding Greek Debt Are Hit by Selloff

The Greek debt crisis is reaching its climax as Greek economy worsens and creditors lose patience.Amiel Ungar, 9/13/2011, 2:11 AM

Spanish Rivals Unite on Balanced Budget

Spain passes a balanced budget amendment to reassure investors, dooming anti-Israel Socialist party's chances. Popular Party is pro Israel.Amiel Ungar, 9/9/2011, 12:31 AM

Court Decision Gives Bundestag a Say on Bailouts

The German Constitutional Court issued a warning to the government but let the bailout decisions stand.Amiel Ungar, 9/8/2011, 8:13 AM

Germany's Vote, Greek Backpedaling Stoke Crisis

Another Christian-Democratic defeat coupled with news of Greek footdragging on austerity complicate rescue plans.Amiel Ungar, 9/6/2011, 7:43 AM

German Leader Faces Party Revolt on Europe

Angela Merkel, voted the world's most powerful woman, is reeling under the pressures of the Euro crisis. Amiel Ungar, 8/29/2011, 10:18 PM

France Seeks to Avoid a Downgrade

France's slumping growth has caused a balooning deficit. The French banking sector is overexposed to Greek debt.Aryeh ben Hayim, 8/10/2011, 8:47 PM

Japan Parties Agree on Bond Issue

Japan's government and the main Liberal Democratic Party opposition in control of the upper house have agreed to a compromise.Amiel Ungar, 8/9/2011, 9:35 PM

US Debt Tarnished, China Has No Alternative

China is debating the US downgrade, with Prime Minister Wen Jiabao calling for coordination; others want to use US weakness for leverage.Amiel Ungar, 8/9/2011, 6:48 PM

ECB Intervention Sign of Worsening Crisis

Financial Markets are in rapid and disorderly retreat as pessimism grows about global recession.Amiel Ungar, 8/5/2011, 4:42 PM

Banks Leery of Holding Italian Sovereign Debt

Soaring bond yields and bearing predictions hit Spain and Italy causing European central bankers to scramble.Amiel Ungar, 8/4/2011, 9:33 PM

Obama Damaged in Debt Debate

While the public was critical of both sides in the deficit ceiling debate, Barack Obama was the bigger loser.Amiel Ungar, 8/1/2011, 3:25 PM

Another Bailout On the Way?

Another EU crisis? Cyprus is manifesting the same symptoms that preceded the previous EU bailouts.Amiel Ungar, 7/31/2011, 8:44 AM

EU Debt Crisis Resolutions

The EU reworked its bailout terms with Greece, Ireland and Portugal. Confidence builder or confidence trick?Amiel Ungar, 7/22/2011, 5:37 AM

Interest Soars on Spanish Debt

Spain is facing the threat of being sucked in to the maelstrom of the debt crisis as interest rates soar.Aryeh Ben Hayim, 7/19/2011, 9:45 PM

Summers' Wintry Blast at EU

Lawrence Summers has warned the EU that it is running out of time and Germany, in particular, must step up to solve the crisis.Amiel Ungar, 7/18/2011, 10:35 PM

Debt Contagion Threatens Italy

Europe's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.Amiel Ungar, 7/11/2011, 11:45 PM

Eurozone Debt Crisis Unresolved

Having nudged Portugal into a bailout, the EU expected a respite, but the worsening of the Greek crisis has awakened nightmare scenarios.Amiel Ungar, 5/9/2011, 12:32 AM

The Death of (Jose) Socrates

Prime Minster Jose Socrates' expected resignation means that there will be no government with power to impose austerity measures in the near term.Amiel Ungar, 3/23/2011, 10:41 PM