Global Economic Crisis http://www.globalpost.com/taxonomy/term/19373/all en Immigrants in Spain give up on European dreams http://www.globalpost.com/dispatch/news/regions/europe/spain/110304/spain-immigration-debt-crisis-reverse-migration <p> Spain&#39;s failing economy sparks a reverse migration. For north Africans, new hope for change at home adds to their desire to return.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/spain/110304/spain-immigration-debt-crisis-reverse-migration" target="_blank">read more</a></p> Europe Global Economic Crisis immigration policy Spain economy Spain immigration Debt Crisis Europe Spain Sat, 05 Mar 2011 13:54:33 +0000 Valerie Gladstone 5628550 at http://www.globalpost.com Europe's debt crisis festers out of spotlight http://www.globalpost.com/dispatch/news/regions/europe/110304/europe-debt-crisis-middle-east-unrest <p> The events that have swept north Africa in recent weeks have given the euro zone&rsquo;s struggling economies some respite from the media spotlight.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/110304/europe-debt-crisis-middle-east-unrest" target="_blank">read more</a></p> Global Economic Crisis Portugal Debt Crisis Europe Mon, 07 Mar 2011 11:23:00 +0000 Paul Ames 5628620 at http://www.globalpost.com China banks: Ticking time bomb? http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-banks-ticking-time-bomb <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> A new report by Fitch warns of a coming crisis. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p> Unrest across the Middle East. Surging oil prices. Persistenly high U.S. unemployment.</p> <p> What else could derail the global economy?</p> <p> How about a <a href="http://www.businessweek.com/news/2011-03-08/china-at-60-risk-of-banking-crisis-fitch-gauge-signals.html" target="_blank">banking crisis in China</a>?</p> <p> <a href="http://www.fitchratings.com/index_fitchratings.cfm" target="_blank">Fitch Ratings</a> says there&#39;s a 60 percent chance of that happening by mid-2013.</p> <p> The toxic financial combination in China, according to Fitch: surging property prices (<a href="http://www.globalpost.com/dispatch/china-and-its-neighbors/100302/china-economy-shanghai-real-estate" target="_blank">see, in particular, Shanghai</a>), and a record amount of lending over the past two years ($2.7 trillion) fuled in part by the Chinese government&#39;s stimulus program Beijing enacted during the global economic crisis.</p> <p> Fitch sees the risk of &ldquo;holes in bank balance sheets&rdquo; should a property bubble burst, Richard Fox, a London-based senior director, told Bloomberg on Mar. 4. &ldquo;We&rsquo;re talking about systemic crises here, affecting most of the major banks,&rdquo; Fox added. &ldquo;A crisis is something which technically de-capitalizes the banking system.&rdquo;</p> <p> This isn&#39;t the first time Fitch has warned of trouble ahead in China.</p> <p> As reported by GlobalPost&#39;s David Case, Fitch <a href="http://www.globalpost.com/dispatch/china/110108/global-economy-china-economy-loans">first pointed to the problem in December</a>:</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-banks-ticking-time-bomb" target="_blank">read more</a></p> Arab Spring China Global Economic Crisis Oil Macro Tue, 08 Mar 2011 14:44:00 +0000 Thomas Mucha 5629245 at http://www.globalpost.com The British Bust: The pain of austerity measures has yet to reach the public http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/110309/manchester-austerity-budget-cuts <p> The Conservative-led coalition government&#39;s insistence on draconian cuts to eliminate the country&#39;s structural deficit in four years is unprecedented.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/110309/manchester-austerity-budget-cuts" target="_blank">read more</a></p> David Cameron Global Economic Crisis Manchester Europe Global Economy United Kingdom Thu, 10 Mar 2011 11:58:03 +0000 Michael Goldfarb 5629553 at http://www.globalpost.com The British Bust: How will Manchester renew itself after austerity sets in? http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/110309/manchester-austerity-economy <p> The last time Manchester faced recession, two Olympic bids resurrected it. What will save the city after the current wave of budget cuts hits?</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/110309/manchester-austerity-economy" target="_blank">read more</a></p> David Cameron Global Economic Crisis Manchester Europe Global Economy United Kingdom Thu, 10 Mar 2011 12:09:20 +0000 Michael Goldfarb 5629629 at http://www.globalpost.com St. Patrick's Day parades canceled as authorities fear unrest http://www.globalpost.com/dispatch/news/regions/europe/ireland/110311/st-patricks-day-parade-shanghai-moscow <p> It will be a low-key St. Patrick&#39;s Day in some cities that have traditionally had large celebration.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/ireland/110311/st-patricks-day-parade-shanghai-moscow" target="_blank">read more</a></p> Enda Kenny Global Economic Crisis Debt Crisis Diplomacy Europe World Religion China Ireland Russia Mon, 14 Mar 2011 10:40:00 +0000 Conor O&#039;Clery 5630105 at http://www.globalpost.com The Decoder: “Synthetic junk bond” frenzy hits Wall Street http://www.globalpost.com/dispatch/news/business-tech/110311/synthetic-junk-bond-wall-street-financial-crisis <p> How hedge funds bet on high-risk, high-return bonds that they don&#39;t own. &nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/110311/synthetic-junk-bond-wall-street-financial-crisis" target="_blank">read more</a></p> Global Economic Crisis Business Debt Crisis Global Economy Thu, 17 Mar 2011 20:44:00 +0000 David Case 5630126 at http://www.globalpost.com Irish suicide deaths skyrocket http://www.globalpost.com/dispatch/news/regions/europe/ireland/110318/ireland-suicide-rate <p> Almost everyone in Ireland it seems &mdash; and even some visitors like Bill Clinton &mdash; knows of a family where a member has committed or attempted suicide.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/ireland/110318/ireland-suicide-rate" target="_blank">read more</a></p> Enda Kenny Global Economic Crisis Suicide Debt Crisis Europe Ireland Health Mon, 21 Mar 2011 10:46:00 +0000 Conor O&#039;Clery 5631714 at http://www.globalpost.com Portugal facing political and economic crisis http://www.globalpost.com/dispatch/news/regions/europe/110323/portugal-austerity-bailout-euro-zone <p> Portugal, following Greece and Ireland, will now likely request a multi-billion euro bailout from the European Union and International Monetary Fund in order to stay afloat.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/110323/portugal-austerity-bailout-euro-zone" target="_blank">read more</a></p> euro zone crisis European Union Global Economic Crisis IMF Portugal World Leaders Debt Crisis Europe Global Economy Wed, 23 Mar 2011 22:58:00 +0000 Paul Ames 5632809 at http://www.globalpost.com Unrest in North Africa, the Middle East could help southern Europe's tourism industry http://www.globalpost.com/dispatch/news/regions/europe/110325/southern-europe-tourism-economy <p> Tourism could help struggling economies, but analysts wonder whether it will rebound for the long term.&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/110325/southern-europe-tourism-economy" target="_blank">read more</a></p> Arab Spring euro zone crisis Global Economic Crisis Greece IMF Portugal Travel/Tourism Debt Crisis Europe Global Economy Spain Sat, 26 Mar 2011 12:47:00 +0000 Joanna Kakissis 5633299 at http://www.globalpost.com 5 lessons for the United States from the Greek debt crisis http://www.globalpost.com/dispatch/news/business-tech/debt-crisis/110327/greece-debt-crisis-lessons <p> While Americans worry about a Greek-style debt crisis, Greeks feel the world should be more concerned about a U.S. default than the plight of their own small country.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/debt-crisis/110327/greece-debt-crisis-lessons" target="_blank">read more</a></p> euro zone crisis Global Economic Crisis Greece Debt Crisis Europe Fri, 01 Apr 2011 10:16:00 +0000 George Mesthos 5633599 at http://www.globalpost.com Portugal: snap election called for June 5 as bailout looms http://www.globalpost.com/dispatch/news/regions/europe/110331/portugal-socrates-election-euro-finance-europe <p> The revelation that Portugal missed its budget deficit target for 2010 &quot;carried unpleasant echoes of the admission from Greece at the end of 2009.&quot;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/110331/portugal-socrates-election-euro-finance-europe" target="_blank">read more</a></p> Global Economic Crisis Business Elections Europe Thu, 31 Mar 2011 22:13:32 +0000 News Desk 5634597 at http://www.globalpost.com Ireland sours on the European Union http://www.globalpost.com/dispatch/news/regions/europe/ireland/110404/ireland-debt-crisis-european-union-bailout <p> DUBLIN &mdash; Is Dublin closer to Boston than Berlin these days?</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/ireland/110404/ireland-debt-crisis-european-union-bailout" target="_blank">read more</a></p> Angela Merkel Enda Kenny euro zone crisis Global Economic Crisis Nicolas Sarkozy Business Debt Crisis Diplomacy Europe Ireland Mon, 04 Apr 2011 21:06:37 +0000 Conor O&#039;Clery 5635325 at http://www.globalpost.com Portugal asks EU for bailout http://www.globalpost.com/dispatch/news/regions/europe/110406/portugal-bailout-eu <p> BRUSSELS &mdash; Plunging confidence in Portugal&#39;s bonds has pushed the country to the brink of bankruptcy.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/110406/portugal-bailout-eu" target="_blank">read more</a></p> euro zone crisis European Union Global Economic Crisis IMF Portugal Portugal economy Debt Crisis Europe Wed, 06 Apr 2011 20:46:00 +0000 Paul Ames 5635902 at http://www.globalpost.com Portugal's unique economic mess http://www.globalpost.com/dispatch/news/business-tech/debt-crisis/110425/portugal-bailout-eu-imf <p> LISBON &mdash; Portugal didn&#39;t share in its neighbors&#39; boom before the 2008 bust left it facing painful austerity measures.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/debt-crisis/110425/portugal-bailout-eu-imf" target="_blank">read more</a></p> euro zone crisis European Union Global Economic Crisis IMF Portugal Portugal economy Business Debt Crisis Europe Spain Tue, 26 Apr 2011 10:04:32 +0000 Paul Ames 5640204 at http://www.globalpost.com