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Greek Debt Picture Aggravated With Austerity Steps

Chancellor Merkel's house call to Greece does not help Greeks take their medicine.Amiel Ungar, 10/10/2012, 3:42 AM

Merkel: No Taxation Without Euro Administration

Angela Merkel has parried Barack Obama and David Cameron's complaints with calls for increased federalism.Amiel Ungar, 6/11/2012, 7:08 AM

Spain's EU Savior Now Cracking The Economic Whip

Despite massive demonstrations and some violence, the Spanish government says there is no choice but severe belt tightening.Amiel Ungar, 4/1/2012, 3:42 PM

Osborne Seeks To Reconcile Austerity With Growth

George Osborne tried to negotiate the contradictions between austerity and growth and please both parties in the coalition.Amiel Ungar, 3/23/2012, 6:39 AM

Hungary Compares EU To Colonialists Soviet Bloc

Stung by punitive economic measures, Hungary's Prime Minister Viktor Orban lashed out at the EU.Amiel Ungar, 3/18/2012, 11:31 AM

EU Says That It Cannot Make Exceptions On Treaty

Signing a fiscal responsibility treaty designed to reassure investors proved the easy part. The hard part is upholding it.Amiel Ungar, 3/4/2012, 6:32 AM

Athens Burns, Lawmakers Vote on Austerity Measures

As demonstrators set fire to buildings and clash with security forces, Greek parliament passes disputed austerity measures.Elad Benari, 2/13/2012, 1:02 AM

S & P Strips France, Austria of AAA Rating

Standard & Poor's ratings agency stripped France and Austria of their AAA ratings and downgraded seven other euro zone nations on Friday.Chana Ya'ar, 1/14/2012, 10:35 PM

Animosity to Orban a Factor in EU Hard Line

The EU and IMF refuse a credit line to Hungary unless it restores independence to its central bank.Amiel Ungar, 1/6/2012, 5:27 AM

Strauss-Kahn Roils EU

Strauss-Kahn used his reappearance in the spotlight to blast the EU leaders who must also contend with failure to raise aid money.Aryeh ben Hayim, 12/21/2011, 8:15 AM

The Latest EU Plan Declared Dead on Arrival

Despite the full speed ahead approach with the latest European debt crisis plan, Fitch says it will never reach port.Amiel Ungar, 12/19/2011, 5:43 AM

Investors Unswayed by Fiscal Responsibility Pact

Is the story about to repeat itself? Another newly signed EU deal is failing to reestablish investor confidence.Amiel Ungar, 12/13/2011, 4:56 AM

Questions Remain over Euro, Cameron and Sarkozy

We will soon know if the markets are satisfied with EU's good intentions or if we face a rerun of previous summits.Amiel Ungar, 12/11/2011, 11:45 PM

Sarkozy Fights for the Nation State in Debt Crisis

Nicolas Sarkozy is facing comparisons from the right and left oמ subservience to Germany - De Gaulle was able to put Germany in its place. Amiel Ungar, 12/5/2011, 2:13 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

Papandreou Takes the Only Available Choice

George Papandreou is being accused of opportunism but the only way austerity can achieve legitimacy is via the referendum.Amiel Ungar, 11/3/2011, 7:03 AM

Europe's Recovery Short Lived; Panic Deepens

Again a definitive European solution to the debt crisis has collapsed like a house of cards exposing leadership to ridicule.Amiel Ungar, 11/1/2011, 6:58 AM

EU Moment of Decision Arrives Wednesday

Now that the EU has admitted that Greece will default, the race is on to secure the banks and prevent further contagion.Amiel Ungar, 10/25/2011, 3:09 AM

EU Calm Only Lasted a Week

Last week's emergency EU meeting was to have provided a sedative to investors. It wore off in a week.Aryeh ben Hayim, 7/27/2011, 8:56 PM