EU Debt Crisis

News and updates about EU Debt Crisis

EU Budget Planners May Have To Try Again Next Year

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

Prospects Dim That EU Summit Will Produce Seven Year Budget

As Economic Misery Deepens, Greek Fascism Rises

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

Greece Displaying Disturbing Similarities to Weimar Germany

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.”

Nobel Peace Prize Goes to European Union

Greek Debt Picture Aggravated With Austerity Steps

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

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

Merkel: No Taxation Without Euro Administration

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

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

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.

Spain Gallops Headlong Into Austerity As Riots And Strikes Mount

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.

Osborne's Budget Has Something For Tories and Liberal Democrats

Hungary Compares EU To Colonialists Soviet Bloc

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

Hungary Denounces EU Double Standards and Pledges Independence

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.

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

Athens Burns, Lawmakers Vote on Austerity Measures

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

Athens Burns as Lawmakers Vote on 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.

S & P Strips France, Austria of AAA Rating

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.

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

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.

Strauss-Kahn Blames EU Leaders for Draining Investor Confidence

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.

Ratings Agency Declares that Latest EU Plan a Non Starter

Investors Unswayed by Fiscal Responsibility Pact

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

Political, Constitutional and Labor Problems Greet EU Agreement

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.

Markets the Acid Test of Summit Success and Leaders' Fortunes

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.

Sarkozy and EU: Caught between Party Legacy and German Power

'Game Over' – Italian Prime Minister Resigns

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

'Game Over' – Italian Prime Minister Resigns

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.

Despite Uncertainties of Referendum There Is No Alternative

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.

Quick Unraveling of European Bailout Solution Drives Bond Yields

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.

EU Hopes for Debt Crisis Deal by Wednesday Despite Problems

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.

EU Jitters Return as Italian and Spanish Bonds Plummet