Eurozone http://www.globalpost.com/taxonomy/term/21766/all en Greece bailout: what now? http://www.globalpost.com/dispatches/globalpost-blogs/macro/greece-bailout-what-now <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Today's Greek deal was a long time coming. Here's what you need to know. </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> For months now, Greece has been at the center of Europe&#39;s exhausting debt and euro crisis.</p> <p> Figuring out what to do about the mess in Athens has, of course, caused fits from Berlin, to Paris, to Rome, Madrid, Lisbon, London and beyond.</p> <p> So today&#39;s bailout &mdash; while by no means a cure &mdash;&nbsp;is a welcome development for everyone involved. And due to Europe&#39;s central role in the global economy, that means just about everyone on earth.</p> <p> But that happy note aside, it&#39;s important to keep Europe&#39;s challenges in perspective.&nbsp;</p> <p> GlobalPost&#39;s Paul Ames <a href="http://www.globalpost.com/dispatch/news/regions/europe/120221/eu-oks-greek-bailout-looks-new-worries">put it best</a>:</p> <blockquote><p> Now all (the EU) has to do is help the country pull out of a five-year recession, get the one-in-five unemployed Greeks back to work and make sure that Portugal, Ireland, Spain and Italy don&#39;t end up sharing a similar fate.</p> </blockquote> <p> That will be no easy task.</p> <p> As GlobalPost&#39;s Ken Maguire reported today from Athens, plenty of <a href="http://www.globalpost.com/dispatch/news/regions/europe/120221/greece-bailout-eurozone-debt-crisis" target="_blank">Greeks feel like sacrificial lambs</a>&nbsp;&mdash; enduring economic pain so the EU can save the euro.</p> <p> &ldquo;Psychologically, I am close to collapse because I am concerned about my family,&rdquo; Dimitris Paras, a 38-year-old investment banker who was laid off one month ago told Maguire. &ldquo;Now, I either work for a coffee shop or go abroad.&rdquo;</p> <p> &ldquo;There will be a point when people won&rsquo;t take it anymore,&rdquo; he added.</p> <p> Even more troubling&nbsp;&mdash; for European unity, anyway&nbsp;&mdash; is a growing divide about where to go from here.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/greece-bailout-what-now" target="_blank">read more</a></p> euro European Union Eurozone Greece Business Europe Macro Tue, 21 Feb 2012 23:10:00 +0000 Thomas Mucha 5692812 at http://www.globalpost.com Ahead of elections, a demand for growth over austerity http://www.globalpost.com/dispatch/news/regions/europe/120426/eu-debt-crisis-elections-growth-over-austerity-debate LONDON — Shares rallied again by midweek, but not before urgent new debate was triggered over whether austerity measures pushed by Germany were preferable to policies aimed at boosting growth. It’s an argument that could swing upcoming votes not only in France, but also Greece and the Netherlands. It could also determine the future of weaker economies such as Portugal, Spain and Italy — all teetering on the brink of bailouts. <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/120426/eu-debt-crisis-elections-growth-over-austerity-debate" target="_blank">read more</a></p> Eurozone Debt Crisis Europe Global Economy Political Risk Fri, 27 Apr 2012 10:00:19 +0000 Barry Neild 5702040 at http://www.globalpost.com Angela Merkel and Francois Hollande: Europe’s newest odd couple http://www.globalpost.com/dispatch/news/regions/europe/120516/angela-merkel-and-francois-hollande-europe-s-newest-odd-couple BERLIN – It started with a handshake, not a kiss. When Chancellor Angela Merkel and new French President Francois Hollande finally met in person on Tuesday evening, there was little of the warmth that marked her meetings with Nicolas Sarkozy in recent years. Aides had downplayed the rendezvous as simply aimed at getting to know one another rather than about hammering out any policy. Yet the future of Europe could hinge on whether these two leaders find a way to work well together. <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/120516/angela-merkel-and-francois-hollande-europe-s-newest-odd-couple" target="_blank">read more</a></p> Eurozone World Leaders Debt Crisis France Europe Germany Wed, 16 May 2012 11:13:00 +0000 Siobhan Dowling 5704414 at http://www.globalpost.com Euro zone debt crisis could see 'watershed year' in 2013, says Standard & Poor's http://www.globalpost.com/dispatch/news/business/global-economy/130110/eurozone-debt-crisis-could-see-watershed-year-2013-says <!--paging_filter--><p>Ratings agency Standard &amp; Poor's <a href="http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245346022787">wrote in a Wednesday research note</a>that 2013 could prove to be a "watershed" year for the ongoing <a href="http://www.globalpost.com/internal/section-config/debt-crisis">euro zone debt crisis</a>.</p> <p>Changes in 2013 "could mark the start of the region sustainably overcoming the market volatility and fragmentation that has affected it over the past few years," the agency declared.</p> <p><a href="http://www.globalpost.com/dispatch/news/business/global-economy/130110/eurozone-debt-crisis-could-see-watershed-year-2013-says" target="_blank">read more</a></p> economy Eurozone Debt Crisis Europe Global Economy Thu, 10 Jan 2013 15:16:00 +0000 Faine Greenwood 5732659 at http://www.globalpost.com Frenchman self-immolates after being denied joblessness benefits http://www.globalpost.com/dispatch/news/regions/europe/france/130214/frenchman-self-immolates-after-being-denied-joblessness-b A forty-three year old French man lit himself on fire outside of a state unemployment agency on February 13th, killing himself after discovering he was to be denied joblessness benefits. <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/france/130214/frenchman-self-immolates-after-being-denied-joblessness-b" target="_blank">read more</a></p> Eurozone Want to Know France Europe Thu, 14 Feb 2013 10:45:06 +0000 Faine Greenwood 5755324 at http://www.globalpost.com Europe's black market economy is booming http://www.globalpost.com/dispatch/news/regions/europe/130604/europes-black-market-economy-booming Punitive tax regimes, increased labor market regulation and a growing lack of trust in governments are causing many Europeans to abandon formal employment and enter into the murky, illicit world of shadow economies worth billions of dollars, according to a pan-European study published on Tuesday.<p><a href="http://www.globalpost.com/dispatch/news/regions/europe/130604/europes-black-market-economy-booming" target="_blank">read more</a></p> Eurozone Want to Know Emerging Markets Europe Tue, 04 Jun 2013 18:36:00 +0000 Holly Ellyatt, Assistant News Editor, CNBC.com 5851096 at http://www.globalpost.com IMF reviews its Greek bailout policies http://www.globalpost.com/dispatch/news/the-canadian-press/130606/imf-reviews-greek-bailout-policies The International Monetary Fund is out with a report reviewing the Greek bailout program that it helped set up in 2010 and maintained through early 2012. The report is critical of the program set up by the IMF and the "troika" of creditors (the other two members being the European Union and the European Central Bank) for Greece.<p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130606/imf-reviews-greek-bailout-policies" target="_blank">read more</a></p> Eurozone IMF Business Debt Crisis Want to Know Europe Global Economy Thu, 06 Jun 2013 16:10:00 +0000 Matthew Boesler, Business Insider 5851956 at http://www.globalpost.com Greece grinds to a halt as major public sector layoffs loom http://www.globalpost.com/dispatch/news/regions/europe/130716/greece-grinds-halt-major-public-sector-layoffs-loom Greece's international lenders last week approved the latest tranche of aid for Athens, but stipulated tough conditions in return for the assistance, including a dramatic reduction in the size of the country's civil service. <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/130716/greece-grinds-halt-major-public-sector-layoffs-loom" target="_blank">read more</a></p> Eurozone Greece Want to Know Aid Europe Germany Global Economy Tue, 16 Jul 2013 14:39:52 +0000 Katrina Bishop, CNBC 5885259 at http://www.globalpost.com