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No more Troika talks as Greece seeks new debt deal
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Hungarian debt crisis still crippling middle class
In Hungary there is a so-called “debtors’ ghetto” on the outskirts of the city of Ocsa. It is a small government-built development, housing just a
Message in a banknote for angry Spaniards
Fed up Spaniards are using a new and creative way to express their anger against bankers and politicians who they hold responsible for the current
The end of austerity in Europe?
High-placed political figures have been agreeing that other ways must be found to readjust fiscal formulas that are crushing so many people in
IMF sees bumpy recovery
The International Monetary Fund has trimmed its projections for global economic growth for this year and next. It says that is to take into account
EU begins its soul searching on Cyprus
The soul searching in Brussels is underway after Cyprus became the first member state to reject the conditions of EU assistance. Liberal MEP Guy
Cyprus bank customers on bailout hook
Anxious residents of Cyprus with money in the bank have been unable to take it out.Cash dispensers have dried up and bank doors are locked. The bank
The EU: a double-edged sword for Greece
For the past three years, Greece has been a symbol of the eurozone crisis. A symbol it would like to get rid of. Yet now, it has become another
Schaeffler tiring of Continental?
German automotive parts supplier Schaeffler has taken its debt restructuring a step further at the expense of its partner – Continental by selling
Italy: towards deeper European integration
From the financial crisis and European integration to relations with Mediterranean countires and even the Arab uprisings, we met with the head of
EU bank aid deal 'better than expected, worse than needed'
National debt risk must be distanced from banking debt risk, in hopes that dangerous contagion can be averted. This was the European Union’s
Spanish banks face difficult summer
The long hot summer of the Spanish banks is just beginning and financial industry observers say the independent audit just carried out will only cool
Splitting Europe into a two-speed EU
With ISEG Jean-Phillippe of Lyon asked: “Would it be possible to have a Europe split into two, a two-speed Europe? And what would the uses and
Recapitalisation of BPI welcomed by markets
It has been announced that struggling Portuguese Bank BPI will be recapitalised. The news was warmly welcomed by investors on Monday in Lisbon
Bailout brings deficit of trust to Ireland
Across Ireland empty buildings stand testament to the legacy of the Celtic tiger. A legacy which included a spectacular economic boom and a bust
D'Alema: Merkel represents a 'selfish Europe'
Former Italian Prime Minister and President of the Foundation for European Progressive Studies, Massimo D’Alema is considered a prominent, Italian
Greeks still make history
The Greek government kept talking with the troika of the EU, IMF and ECB, and also with their private lending sources, until they finally had a plan
Rating agencies in the spotlight
Arnaud from Brussels asks: “My question for European officials is: how far are we going to let rating agencies dictate how European stock markets are
Is austerity the best policy?
Martin from Brussels put this question to Marc Touati, economist and author of the book, “When the eurozone will explode”: “Are austerity policies a
How is Europe coping with the financial crisis?
In this week’s edition of The Network, Chris Burns looks at rising anger across Europe as government after government imposes austerity
Generation Y wants change and now
In this edition of The Network with Chris Burns — Generation Y, how are Europeans born in the 1980’s and 90’s facing the financial crisis? How would
Romania 'responsible and capable'
Finger-pointing in Europe’s battle to manage the debt crisis repeatedly raises questions of capacity and discipline — in euro states and others