EU Debt Crisis

EU Budget: Maybe Next Year

Prospects Dim That EU Summit Will Produce Seven Year Budget

The fight between contributors and recipients of EU budgetary funds is preventing agreement on a budget.

Golden Dawn Hellas' Devils

Greece Displaying Disturbing Similarities to Weimar Germany

As the Greek economy implodes, the main political beneficiaries appear to be Greek neo-Nazis. And the Jews are targets again.

Nobel Peace Prize Goes to European Union

The Nobel Committee gives the 2012 Peace Prize to the European Union for contributing to “peace and reconciliation.”

Merkel's Kennedy Moment

Merkel Pays A House Call In Athens But Has Nothing To Dispense

Chancellor Merkel's house call to Greece does not help Greeks take their medicine.

Merkel Cameron Fence Over EU

Cameron Wants Quick Financial Fix; Merkel: Put Up Or Shut Up

Angela Merkel has parried Barack Obama and David Cameron's complaints with calls for increased federalism.

Spanish Pain Is Hardly Plain

Spain Gallops Headlong Into Austerity As Riots And Strikes Mount

Despite massive demonstrations and some violence, the Spanish government says there is no choice but severe belt tightening.

Osborne's Compromise Budget

Osborne's Budget Has Something For Tories and Liberal Democrats

George Osborne tried to negotiate the contradictions between austerity and growth and please both parties in the coalition.

Hungarian PM: EU Colonialists

Hungary Denounces EU Double Standards and Pledges Independence

Stung by punitive economic measures, Hungary's Prime Minister Viktor Orban lashed out at the EU.

EU Treaty Signed Hard Part Now

EU Treaty Signed But Holland And Spain Say They Will Violate It

Signing a fiscal responsibility treaty designed to reassure investors proved the easy part. The hard part is upholding it.

Athens Burns as Lawmakers Vote on Austerity Measures

As demonstrators set fire to buildings and clash with security forces, Greek parliament passes disputed austerity measures.

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.

Hungary and EU Playing Chicken

EU Wants Repeal of Bank Law as Price of Credit Line to Budapest

The EU and IMF refuse a credit line to Hungary unless it restores independence to its central bank.

Strauss Kahn Back Blasts EU

Strauss-Kahn Blames EU Leaders for Draining Investor Confidence

Strauss-Kahn used his reappearance in the spotlight to blast the EU leaders who must also contend with failure to raise aid money.

Fitch: Emperor Has No Clothes

Ratings Agency Declares that Latest EU Plan a Non Starter

Despite the full speed ahead approach with the latest European debt crisis plan, Fitch says it will never reach port.

EU Deal Showing Strains

Political, Constitutional and Labor Problems Greet EU Agreement

Is the story about to repeat itself? Another newly signed EU deal is failing to reestablish investor confidence.

Markets to Test EU Summit

Markets the Acid Test of Summit Success and Leaders' Fortunes

We will soon know if the markets are satisfied with EU's good intentions or if we face a rerun of previous summits.

Sarko Vainly Defends Gaullism

Sarkozy and EU: Caught between Party Legacy and German Power

Nicolas Sarkozy is facing comparisons from the right and left oמ subservience to Germany - De Gaulle was able to put Germany in its place.

'Game Over' – Italian Prime Minister Resigns

Italian Prime Minister Silvio Berlusconi officially resigned Saturday, ending the longest-running terms of office in his country.

Papandreou's Bombshell

Despite Uncertainties of Referendum There Is No Alternative

George Papandreou is being accused of opportunism but the only way austerity can achieve legitimacy is via the referendum.

Panacea to Confidence Trick

Quick Unraveling of European Bailout Solution Drives Bond Yields

Again a definitive European solution to the debt crisis has collapsed like a house of cards exposing leadership to ridicule.

EU Moment of Decision Arrives

EU Hopes for Debt Crisis Deal by Wednesday Despite Problems

Now that the EU has admitted that Greece will default, the race is on to secure the banks and prevent further contagion.

Leak in "Watertight" Bailout

EU Jitters Return as Italian and Spanish Bonds Plummet

Last week's emergency EU meeting was to have provided a sedative to investors. It wore off in a week.