European Debt Crisis

News and updates about European Debt Crisis

Italian Right Disunited Unprepared For Elections

Silvio Berlusconi got a chilly reception upon his comeback, but that has never deterred Berlusconi.

Newly Engaged Berlusconi Returns Unwelcomed To Italian Arena

EU On Hold Till After German General Elections

The EU summit in Brussels concluded without real landmarks.

Clash Between Hollande And Cameron Highlight Of Ho Hum Summit

Is Berlusconi At 76 Capable Of Last Hurrah?

Silvio Berlusconi has effectively prompted the resignation of the technocratic Mario Monti government, sparking criticism.

Berlusconi Attempts Comeback, Former Allies Pan Him As Dinosaur

Bersani and Renzi Qualify For Next Week's Runoff

Emulating the French Socialists, Italy's Democratic Party staged a primary in the hope that this will pave way to electoral victory.

More Than 3 Million Vote In Left's Open Primaries In Italy

Catalonia Will Award Go Ahead To Independence Vote

Convergence and Unity, the moderate Catalan nationalist party, expects to get a vote of confidence to pursue independence.

Loss Of EU Membership Major Roadblock For Would-Be Separatists

France's Economic Woes Mean Trouble For The Eu

The problems facing the French economy also threaten the European Union as a whole.

Downgrading Threatens Bailout Funds; Budget Talks Snarled

Germany As Opposed To Europe Can Be Bountiful

To increase reelection prospects the German coalition is increasing welfare spending.

German Coalition Finds Something For Everyone With Eye To Voters

In Time Of Austerity EU Faces Tough Budget Choices

The EU is racing the clock to find a compromise on its 7 year budget.

EU Tries To Reconcile Differences On Spending And Priorities

Spanish Uncertainty Spooks Previous Optimism

Spain's Mariano Rajoy is being pressed to decide on whether Spain wants or rejects a bailout.

Spain Pressed To End Its Vacillations On Accepting A Bailout

Catalans Want Economic Sovereignty; Madrid Says No

The economic crisis is unraveling the compromise reached on regional autonomy in Spain

Economic Crisis Drives Catalan Independence Aspirations

Britain Downplays The European Meeting At Warsaw

Europe is making moves towards forming a federal state with a military capacity.

11 European States Chart Course For A Federal Europe With Army

Is This The Awaited Solution Or Another EU Stopgap

The defeat of explicitly anti-EU parties in Dutch elections and German court's ruling on constitutionality of ESM avert crisis - for now.

Dutch Elections And Constitutional Decision In Germany Cheer EU

Hollande Draws Fire From Both Left And Right

Francois Hollande has outlined his blueprint for taming the French budget deficit. No one is pleased.

Francois Hollande Outlines Path To €30 Billion Deficit Slash

France And Southern Europe Sense No Change

Francoise Hollande, who briefly inspired hope in both France and Southern Europe, no longer offers any.

French Pessimism Returns Three Months After Hollande's Victory

Greeks Told That They Must Bite Economic Bullet

The statements coming out of Germany are intended to tell Greek PM Samaras not to imagine renegotiating bailout.

Greek PM Samaras Faces Stiff Headwind In Pleas For More Time

How Can Spain With 25% Unemployment Skimp Further?

Spain's economic crisis is felt in schools, supermarkets and rubbish bins.

The Austerity In Spain Is Forcing Desperate Measures

Germany Fears Debt Union, Insists On Bailouts

Italy and Spain have sought to get the ECB to purchase their bonds. Germany has blocked this approach, stirring resentment.

Italian Commentator Accuses Germany Of Establishing 4th Reich

The News From Europe Is Universally Depressing

The euro rallied today, but there are strong doubts it can keep up the pretense, given the succession of bad news. Germany's rating is down.

The News From Europe on the Economy Is Universally Depressing

Valencia And Sicily Increase Debt Burden

The indebted regions have aggravated the financial plight of Spain and Italy and may lose some competencies.

Regional Excess Spending Aggravates European Debt Crisis

Osborne Claims Austerity Success Allows Spending

Attempting to jump-start a sagging economy, Britain will underwrite loans to infrastructure projects.

Coalition Embraces Growth By Betting On Infrastructures

Spain's Interest Rate Reaches Point Of No Return

European finance ministers hit resistance while trying to stave off a rout prompted by skyrocketing interest charges on Spanish debt.

Italian PM Lashes Out At 'Inappropriate' Remarks by EU Members

US And Germany Criticize NATO Ally Rumania

Rumania, with looming financial crisis, is drawing criticism for tinkering with the constitution to impeach President Basescu

Romanian Government Criticized for Toying With Constitution

Hollande Hikes Taxes On Wealthy And Oil Industry

Despite calls for slashing government spending from the national audit, the Socialist government of France is signalling higher taxation.

French Socialists Now Face The Challenge Of Balancing The Budget

Cyprus Takes Over The Rotating EU Presidency

Small countries that are economically endangered don't usually make successful European presidents.

Cyprus Takes Over Rotating EU Presidency With Low Expectations

David Cameron's Diminishing Room For Maneuver

David Cameron is increasingly hemmed in by Europe's evolution to greater centralization while his MPs call for getting out of EU.

MPs Want Referendum Now; Cameron Says Maybe Later

Barroso Bristles As EU Is Lectured By Canada

Canadian Prime Minister chided European leaders for lack of resolution and adhering to extravagant social spending.

Harper Rules Out Canadian Cash For European Bailouts

Socialists Consolidate Power In France

The French Socialists scored an absolute majority in the legislative elections, the first time they have accomplished this since 1981.

With Majority In National Assembly, French Socialists In Control

Greece: Heavy Lifting For A Narrow Coalition

The victory of New Democracy provides temporary relief for the Eurozone but the onerous problems remain.

Antonis Samaras Will Have No Honeymoon After Narrow Victory

Gordon Brown Urges Action Warns Of French Bailut

The simmering feud over policy between Germany and France was evident last week.

Hollande Warned By Germans As He Collects Allies Against Merkel

Greeks Irate Over "Favoritism" Extended To Spain

The usual cycle of solution, temporary euphoria and return to nervousness accompanied the Spanish bank bailout.

Bank Bailout In Spain Fails To Quell Questions On Debt Repayment

Spain Wants Bailout Without Calling It By Name

Spain wants direct help to its troubled banking system claims it is a cheaper alternative.

Spain Wants Bailout Without Calling It By Name

EU Warns France On Deficit And Competitiveness Lag

Feeling its way with the new French president, the EU reminds France that its obligations remain in force.

EU Commission Gives France Polite Warning About Deficit Control

Greek Polls Brighten For Pro Austerity Parties

Greece very much wants to stay in the Euro and fears the consequences of an exit. This may shift the vote in the rerun of the elections.

After Rebellious Fling In May 6 Elections Greeks More Realistic

Greeks To Stew And Ponder Euro Exit Implications

The EU hopes that some reality checks like a bank run coupled with growth promises will produce a positive Greek vote.

Merkel For Once Plays Good Cop  Finance Ministers Are Bad Cops

Growing Resignation Over Greek Euro Exit.

As hopes dim that Greece will abide by the austerity package, there is increasing acceptance that Greece may leave the euro.

Breakdown Of Greek Coalition Talks Push Greece To Euro Exit

Irish Yes On Stability Pact No Longer Done Deal

The elections in France and Greece have narrowed the odds on Irish approval of the European Stability Pact.

Sinn Fein Asks Irish To Join Anti Austerity Revolt And Nix Pact

Election Victor Calls Austerity Policy Repression

It will be hard to put a coherent Greek government together, increasing jitters in the Eurozone.

After Elections, Greek Implementation Of  Bailout Terms Now Iffy

Is Hollande's Challenge To Germany All Bluster?

For now the financial markets are discounting Francois Hollande's campaign pledges as mere rhetoric.

Hollande's Expected Victory Casts Shadow On Franco-German Motor

Geert Wilders Urges Return To The Nation State

The current financial crisis has stirred resentment against the EU and strengthened calls for restoring national sovereignty..

The Breakup Of The EU Becomes A Campaign Issue In Europe

Sarkozy Shakes EU By Introducing The "R" Word

Even though his offer of a referendum reflects constitutional reality, Sarkozy's position further unnerves EU.

Sarkozy Offer Of Referendum Reflects Legislative Roadblock