euro debt crisis | GlobalPost

EU austerity watch: Two test cases

Paul AmesMarch 7, 2012 07:00

BRUSSELS — Opposition in both countries to austerity requirements underscores just how difficult it will be to bring the EU economies in line with Germany’s painful budget requirements.

In the EU, economic growth seems elusive

Siobhan DowlingMarch 7, 2012 07:00

BERLIN — A glance around the EU shows that austerity is draining the region's ability to grow. But there are no easy solutions.

Why Germans still love Angela Merkel

Siobhan DowlingMarch 1, 2012 06:38

BERLIN — Merkel remains a popular leader, not despite but because of the euro crisis. How she does it.

Euro zone slips into double-dip recession

Paul AmesFebruary 23, 2012 17:57

ROME — The official forecast of a 0.3 percent contraction across the eurozone in 2012 came as a grim confirmation of sovereign-debt crisis' impact on the wider economy.

French towns discover toxic assets, ask for bailout

Clea CaulcuttFebruary 24, 2012 07:00

ASNIERES — At least 5,500 French towns have taken out toxic loans from the failed French-Belgian bank Dexia. With no place to unload that debt, and no way to pay it back, these towns are suddenly under water.

EU leaders leaning toward growth v. austerity

Paul AmesFebruary 21, 2012 14:43

ROME — The leaders of the EU's two leading economies did not sign up, leading many to see the letter as a challenge to Merkel and Sarkozy.

Greeks fear bailout will bring more economic woes

Ken MaguireFebruary 21, 2012 10:37

ATHENS — If the government falls behind on reforms, Europe will demand more austerity. That would push even middle-class Greeks to protest.

EU OKs second Greek bailout, but worries loom

Paul AmesFebruary 21, 2012 07:29

Next up for the EU: Finding jobs for 1 in 5 Greeks, ending a five-year recession, and ensuring that Portugal, Ireland, Spain and Italy don't share a similar fate.

Iceland's debt rating gets a bump on strong recovery

Alexander BesantFebruary 17, 2012 21:30

The international ratings agency Fitch raised its assessment of Iceland's long-term debt rating from junk to investment grade.

German President Wulff's resignation a blow to Merkel

Siobhan DowlingFebruary 17, 2012 11:34

BERLIN — The resignation of Germany’s president is an unwanted distraction as the euro zone battles to save Greece from default.