European Debt Crisis http://www.globalpost.com/taxonomy/term/20342/all en Business Insider: Holy cow, the Italian economy is crumbling http://www.globalpost.com/dispatch/news/business-tech/111118/business-insider-the-italian-economy-crumbling <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Italy just got exactly what it didn't need. More bad economic news. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Joe Weisenthal </div> </div> </div> <!--paging_filter--><p>According to <a href="http://www.forexlive.com/blog/2011/11/18/italy-september-industry-orders-adj-8-3-mm/">Forexlive</a>, Italian industrial orders in September (before things reached this new level of tension), fell 8.5 percent sequentially.</p> <p>That&#39;s worse than the 6 percent sequential decline that analysts had expected, though even that would have been quite a tumble.</p> <div class="field field-type-text field-field-original-source"> <div class="field-label">Original Source URL:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> http://www.businessinsider.com/italian-industrial-orders-2011-11 </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/111118/business-insider-the-italian-economy-crumbling" target="_blank">read more</a></p> European Debt Crisis Italy Economy Business Debt Crisis Italy Fri, 18 Nov 2011 14:37:00 +0000 Joe Weisenthal 5681756 at http://www.globalpost.com Spain likely to oust Socialist party in Sunday's election http://www.globalpost.com/dispatch/news/regions/europe/spain/111119/spain-likely-oust-socialist-party-sundays-election <p> Spaniards are expected to throw the Socialist party out of government in Sunday&#39;s election.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/spain/111119/spain-likely-oust-socialist-party-sundays-election" target="_blank">read more</a></p> euro zone crisis European Debt Crisis World Leaders Debt Crisis Europe Politics Global Economy Spain Sun, 20 Nov 2011 02:07:00 +0000 Catherine Lyons 5681866 at http://www.globalpost.com Where Greeks hide their savings http://www.globalpost.com/dispatch/news/regions/europe/111122/where-greeks-hide-their-savings <p> ATHENS &mdash; Amid deepening anxiety, Greeks withdraw many billions from local banks.&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/111122/where-greeks-hide-their-savings" target="_blank">read more</a></p> Debt Crisis euro zone crisis European Debt Crisis World Leaders Debt Crisis Diplomacy Europe Global Economy Wed, 23 Nov 2011 11:23:00 +0000 Ken Maguire 5682258 at http://www.globalpost.com Greece goes after big tax dodgers http://www.globalpost.com/dispatches/globalpost-blogs/europa/greece-goes-after-big-tax-dodgers <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Tax cheats cost $20b per year. Next up: a naming and shaming campaign. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Ken Maguire </div> </div> </div> <!--paging_filter--><p> Athens &ndash; Making good on its vow to stop tax evasion, the Greek government has arrested several high-profile businesspeople alleged to owe millions of dollars to the state.</p> <p> Tax dodging costs Greece more than $20 billion per year and is one of the reasons why the country is mired in debt and living month-to-month on international bailouts.</p> <p> The government is also nearly ready to publish the names Greece&rsquo;s biggest tax evaders. Finance Minister Evangelos Venizelos told parliament last week that the list should be posted online in coming weeks, after final clearance of privacy rights issues.</p> <p> On Monday, Constantinos Giannikos was arrested for allegedly withholding $1.5 million in value-added tax (VAT), according to the independent Kathimerini newspaper. Giannikos is the president of the private television station Alter.</p> <p> &ldquo;This is the result of an outcry by the society that justice is not done,&rdquo; said Costas Bakouris, chairman of the Greek chapter of Transparency International, an anti-corruption organization. &ldquo;It&rsquo;s a step in the right direction, no question about it.&rdquo;</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/greece-goes-after-big-tax-dodgers" target="_blank">read more</a></p> Debt Crisis euro zone crisis European Debt Crisis Europa Macro Tue, 22 Nov 2011 21:55:48 +0000 Ken Maguire 5682261 at http://www.globalpost.com Italy's Monti in crisis talks with Sarkozy, Merkel http://www.globalpost.com/dispatch/news/regions/europe/france/111124/italys-monti-debt-crisis-talks-sarkozy-and-merkel <p> While French Prime Minister Francois Fillon has dubbed the Strasbourg meeting &ldquo;very important&quot;, Monti referred to them as an &ldquo;informal working visit&quot;, adding that there was no fixed agenda.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/france/111124/italys-monti-debt-crisis-talks-sarkozy-and-merkel" target="_blank">read more</a></p> euro zone crisis European Debt Crisis World Leaders Debt Crisis France Europe Germany Politics Global Economy Italy Thu, 24 Nov 2011 10:53:13 +0000 Amanda Morrow 5682423 at http://www.globalpost.com Germany catches euro contagion: good news for France? http://www.globalpost.com/dispatch/news/regions/europe/france/111124/germany-catches-euro-contagion-good-news-france <p> Paris &mdash; French leaders can breathe a sigh of relief now that the euro contagion aflicts Germany as well. &nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/france/111124/germany-catches-euro-contagion-good-news-france" target="_blank">read more</a></p> Debt Crisis euro zone crisis European Debt Crisis Debt Crisis France Germany Mon, 28 Nov 2011 11:00:21 +0000 Clea Caulcutt 5682438 at http://www.globalpost.com US markets have worst Thanksgiving week since 1942 http://www.globalpost.com/dispatch/news/regions/americas/united-states/111125/us-markets-worst-thanksgiving-week-1942-dow <p> The outlook of investors was not improved by the news today that Standard &amp; Poor&rsquo;s had lowered Belgium&#39;s credit rating one notch to AA from AA+, Fox News reported.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/americas/united-states/111125/us-markets-worst-thanksgiving-week-1942-dow" target="_blank">read more</a></p> BeNeLux European Debt Crisis Business Debt Crisis Italy United States Fri, 25 Nov 2011 21:27:00 +0000 Samantha Stainburn 5682527 at http://www.globalpost.com Should the Fed intervene in the euro zone's debt crisis? http://www.globalpost.com/dispatch/news/regions/europe/111129/fed-bailout-euro-zone-debt-crisis-global-economy <p> BOSTON &mdash; Political gridlock in Europe threatens the global economy. Should the US step in?</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/111129/fed-bailout-euro-zone-debt-crisis-global-economy" target="_blank">read more</a></p> Debt Crisis euro zone crisis European Debt Crisis Debt Crisis France Europe Germany Global Economy Italy Spain United States Wed, 30 Nov 2011 11:19:00 +0000 David Case 5682903 at http://www.globalpost.com Massive strike shuts down United Kingdom http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/111130/massive-strike-shuts-down-united-kingdom <p> London &mdash; Austerity cuts breed more discontent in Europe.&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/111130/massive-strike-shuts-down-united-kingdom" target="_blank">read more</a></p> Debt Crisis European Debt Crisis Debt Crisis Global Economy United Kingdom Wed, 30 Nov 2011 14:28:00 +0000 Michael Goldfarb 5682936 at http://www.globalpost.com Merkel's plan won't fix Europe; Germany still says “NEIN!” to ECB as last resort lender (UPDATED) http://www.globalpost.com/dispatch/news/regions/europe/germany/111201/why-germany-says-%E2%80%9Cnein%E2%80%9D-ecb-lender-last-resort <p> Berlin &mdash; While the rest of the world demands forceful action, Germany talks about revising treaties. Here&#39;s why. &nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/germany/111201/why-germany-says-%E2%80%9Cnein%E2%80%9D-ecb-lender-last-resort" target="_blank">read more</a></p> Debt Crisis euro zone crisis European Debt Crisis France Germany Italy Spain Fri, 02 Dec 2011 11:15:00 +0000 Siobhan Dowling 5683094 at http://www.globalpost.com Germany's Angela Merkel announces Europe-wide 'fiscal union' http://www.globalpost.com/dispatch/news/regions/europe/germany/111202/germany-angela-merkel-announces-europe-wide-fiscal-union <p> &quot;We&#39;re not just talking about a fiscal union but starting to create one,&quot; said German Chancellor Angela Merkel. &quot;I believe you can&#39;t overestimate the importance of this step.&quot;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/germany/111202/germany-angela-merkel-announces-europe-wide-fiscal-union" target="_blank">read more</a></p> Angela Merkel European Debt Crisis World Leaders Debt Crisis France Europe Germany Global Economy Fri, 02 Dec 2011 13:05:00 +0000 News Desk 5683126 at http://www.globalpost.com Sarkozy sells out to Merkel on euro rescue http://www.globalpost.com/dispatch/news/regions/europe/france/111202/sarkozy-merkel-euro-rescue <p> PARIS &mdash; French skeptics say Europe already has a law similar to Merkel&#39;s plan. And countries have violated it more than 60 times since 1997.&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/france/111202/sarkozy-merkel-euro-rescue" target="_blank">read more</a></p> Debt Crisis euro zone crisis European Debt Crisis France Germany Italy Spain Sat, 03 Dec 2011 12:55:00 +0000 Clea Caulcutt 5683181 at http://www.globalpost.com The euro zone's real crisis: weak leadership http://www.globalpost.com/dispatch/news/regions/europe/111207/the-euro-zones-real-crisis-weak-leadership <p> ATHENS &mdash; Because of lackluster leadership, Europe&#39;s crisis has grown far worse. Can Merkel and Sarkozy now turn it around?&nbsp;</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/111207/the-euro-zones-real-crisis-weak-leadership" target="_blank">read more</a></p> euro zone crisis European Debt Crisis World Leaders Debt Crisis Diplomacy France Europe Germany Global Economy Italy Spain Thu, 08 Dec 2011 12:17:00 +0000 Ken Maguire 5683658 at http://www.globalpost.com European Central Bank cuts interest, rules out 'bazooka' solution http://www.globalpost.com/dispatch/news/regions/europe/111208/european-central-bank-cuts-interest-rules-out-bazooka <p> ECB president Mario Draghi also promised to offer banks unlimited credit for three years; to cut reserve requirements for commercial banks; and to accept a broader range of assets as collateral for ECB loans.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/111208/european-central-bank-cuts-interest-rules-out-bazooka" target="_blank">read more</a></p> ECB Europe Debt Crisis European Debt Crisis Debt Crisis Europe Global Economy Italy Thu, 08 Dec 2011 16:13:00 +0000 News Desk 5683704 at http://www.globalpost.com British PM Cameron defends EU treaty veto in parliament http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/111212/british-pm-cameron-defend-eu-treaty-veto-parliame <p> Cameron said he made the only reasonable choice to defend Britain&rsquo;s national interest and said he couldn&rsquo;t agree to the treaty changes because they would have threatened the competitive future of London&rsquo;s financial services industry, The Times reported. He was the only leader among the 27 EU nations to reject the treaty.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/united-kingdom/111212/british-pm-cameron-defend-eu-treaty-veto-parliame" target="_blank">read more</a></p> European Debt Crisis World Leaders Debt Crisis Diplomacy Europe Politics Global Economy United Kingdom Mon, 12 Dec 2011 11:18:00 +0000 News Desk 5683938 at http://www.globalpost.com