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
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
“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
Astoria, in the Queens neighbourhood of New York City is the home to one of America’s largest Greek populations – a population increasingly worried
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
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
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
Finland’s Olli Rehn is a three-time EU Commissioner, currently in charge of Economic and Financial Affairs; a pretty thankless watch considering the
Across Ireland empty buildings stand testament to the legacy of the Celtic tiger. A legacy which included a spectacular economic boom and a bust
In this week’s edition of The Network, Chris Burns looks at rising anger across Europe as government after government imposes austerity
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
Jacques Delors knows the EU’s single currency, the euro, inside out – even the downsides. During his time as president of the European Commission –
As European Commissioner for Internal Market, Michel Barnier, is at the forefront of the fight against the economic and financial crisis in the
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
The first eurozone country to officially enter recession in September 2008, Ireland’s economic nightmare began with the bursting of its property
Italy is the latest European country to approve austerity measures.
The lower house of parliament has voted through 25 billion euros worth of 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
There has been temporary relief for Spain’s governing Socialists as parliament approved their 15 billion euro austerity package.
But it was the
The European Commission has unveiled plans to tax banks to make them pay now for future crises.
Michel Barnier, the European Union commissioner in
The Germans have got their retaliation in first, perhaps miffed at being bulldozed into supporting Greece and the euro, by unilaterally banning naked
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.