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French say "Get lost, you rich jerk!"

September 12, 2012 06:15
BRUSSELS — France's richest man, the CEO of Louis Vuitton, denies that his Belgian citizenship application is a tax dodge after the new Socialist government pledges a 75 percent tax on millionaires.

Euro zone holds breath for German court decision

September 11, 2012 06:00
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BERLIN — As euro zone officials struggle to find a way out of the debt crisis, the fate of European Union unity on top of its common currency may come down to a decision by this Germany’s highest court.

Dutch to vote amid austerity angst

September 10, 2012 06:34
BRUSSELS — The euro crisis has dominated campaigning for Wednesday’s parliamentary elections in the Netherlands, where the main race will be between the pro-market People's Party for Freedom and Democracy and the Socialist Party, whose anti-austerity platform has generated a surge of support.

The European Central Bank announces a plan to ease the euro crisis

September 6, 2012 14:09
BRUSSELS — The European Central Bank on Thursday agreed on a plan to buy an unlimited amount of short-term bonds from countries struggling to raise money on the markets. The long-awaited news could prove vital for holding the euro zone together, but although it buys crucial breathing space, the plan offers no overnight solution to the debt crisis.

Bankers bash each other in battle for the euro

September 2, 2012 09:00
BRUSSELS — Draghi vs. Weidmann doesn't have the same ring as Ali vs. Frazier or King Kong vs. Godzilla, but when it comes to the fate of the euro, it’s a battle between the two biggest beasts of European banking.

Report: Obama is pressuring EU to prevent a Greek exit until after the US elections

Matthew Boesler, Business InsiderAugust 24, 2012 14:29
The British daily newspaper The Independent is reporting this morning that the Obama administration is trying to persuade European leaders to hold off on implementing any sort of Greek exit from the euro until after the November 6 presidential elections in the United States.

Report: Germany may ask Greece to exit the euro zone 'temporarily'

Matthew Boesler, Business InsiderAugust 24, 2012 14:27
Market News International is reporting that the German Finance Ministry may ask Greece to exit the euro zone "temporarily" while it straightens out its finances.

Merkel reassures Greece as the euro zone heads into recession

August 23, 2012 17:07
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BERLIN — Antonis Samaras has asked Germany to give his country more time to meet its obligations under an international bailout. Speaking to reporters after meeting with German Chancellor Angela Merkel, he said Greece needed "breathing space."

What the prime minister of Greece means when he says a euro zone exit would be 'catastrophic'

Joe Weisenthal, Business InsiderAugust 22, 2012 16:18
Today in Athens, Greek Prime Minister Antonis Samaras said that a Greek exit from the euro zone would be "catastrophic."

Why Germany may finally be ready to do what it takes to save the euro

Matthew Boesler, Business InsiderAugust 21, 2012 17:15
Markets have calmed down in a big way in the euro zone and around the world since European Central Bank head Mario Draghi said in July that the ECB was committed to do "whatever it takes" to save the euro.
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