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Eurozone in crisis
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Europe Weekly: EU in a spin after Cyprus bailout
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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
Who pays the bill for Italy's cultural heritage?
Ask any tourist, from New York to Beijing, to name an Italian monument. The answer will probably be the Colosseum. With nearly 2,000 years of
Anger as the eurozone tries to stand firm
“No one will be sheltered from austerity” – that was the message from Ireland’s prime minister as he unveiled a four-year financial plan of cuts in
Greek crisis felt on both sides of the Atlantic
Astoria, in the Queens neighbourhood of New York City is the home to one of America’s largest Greek populations – a population increasingly worried
Bonus interview: Richard Wolff, Economics Professor at NYC's New School
Richard Wolff, Economics Professor at New York City’s New School, talks about the EU, the US and especially what he calls, the “contradictions of
Euro leaders back 130bn growth plan
The leaders of Germany, France, Italy and Spain have agreed on a 130 billion euros package to try to revive economic growth in Europe.. but
My Europe Series
Does Greece have a future in the euro?
It is the currency many Europeans love to hate, and few really love. Now a decade old, the euro has been blamed by many for higher prices and hard
Rehn: 'Greece will be in the euro next year'
Finland’s Olli Rehn is a three-time EU Commissioner, currently in charge of Economic and Financial Affairs; a pretty thankless watch considering the
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
My Europe Series
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
Monti: 'not the birth of a 2-speed Europe'
On his first EU summit, the new Italian Prime Minister Mario Monti was one of the protagonists of the long marathon to save the euro and strengthen
Delors: We can't simply blame 'the naughty Greeks'
Jacques Delors knows the EU’s single currency, the euro, inside out – even the downsides. During his time as president of the European Commission –
Role of the private sector in euro debt crisis
As European Commissioner for Internal Market, Michel Barnier, is at the forefront of the fight against the economic and financial crisis in the
Can the euro survive?
So what now for the euro? As investors set their sights on the eurozone’s weakest members, are the days of the single currency numbered
Ireland's bailout: cause and consequences
The first eurozone country to officially enter recession in September 2008, Ireland’s economic nightmare began with the bursting of its property
Italian austerity measures voted in
Italy is the latest European country to approve austerity measures. The lower house of parliament has voted through 25 billion euros worth of cuts
German cabinet approves more cuts
Germany’s cabinet has agreed an 80 billion euro austerity plan intended to slash the country’s budget deficit over the next four years. It was a
More pain in Spain: government passes austerity plan
There has been temporary relief for Spain’s governing Socialists as parliament approved their 15 billion euro austerity package. But it was the
European bank tax to pay for future crises
The European Commission has unveiled plans to tax banks to make them pay now for future crises. Michel Barnier, the European Union commissioner in
Merkel says euro "in danger"
The Germans have got their retaliation in first, perhaps miffed at being bulldozed into supporting Greece and the euro, by unilaterally banning naked
EU's rescue money arrived in Greece
The first of the EU’s rescue money has arrived in Greece, a 14.5 billion euro slice of a loan worth 110 billion over the next three years. It will