Sixteen nations in the euro currency union have started to assess what financial complications might occur if debt-ridden Greece leaves the monetary compact. Even as they voice the hope that Greece stays in the eurozone, European leaders have in recent days increasingly discussed the possibility that the Athens government may end its euro alliance and […]
Eurozone Nations Preparing for Greece Exit
Posted May 23rd, 2012 at 12:30 pm (UTC-5)
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Greek Eurozone Exit Could Reverberate Globally
Posted May 17th, 2012 at 4:00 pm (UTC-5)
The Greek economy accounts for just 2 percent of the economy in the 17-nation euro currency union, but if Athens exits the eurozone, the reverberations could be felt throughout the world. No country has quit the eurozone in its 13-year existence, but European leaders and financial analysts are now openly speculating that Greece could be […]
US Jobless Benefit Claims Match Four-Year Low
Posted March 15th, 2012 at 9:11 am (UTC-5)
The U.S. says new claims for unemployment benefits matched a four-year low last week, a new signal that the labor market is improving in the world’s largest economy. The government said Thursday that 351,000 jobless workers made initial claims for unemployment compensation — 14,000 fewer than the week before. The requests for assistance were at […]
China Pledges Support for Euro
Posted February 20th, 2012 at 4:10 am (UTC-5)
Chinese Vice President Xi Jinping, on the second day of his visit to Ireland, stated China’s commitment to Europe, and repeated that Beijing is considering more investment to help stabilize the embattled euro. In talks with Irish Prime Minister Enda Kenny Sunday evening, Mr. Xi said China supports the stability of the euro and the […]
China Pledges Support for Euro
Posted February 20th, 2012 at 2:35 am (UTC-5)
Chinese Vice President Xi Jinping, on the second day of his visit to Ireland, stated China’s commitment to Europe, and repeated that Beijing is considering more investment to help stabilize the embattled euro. In talks with Irish Prime Minister Enda Kenny Sunday evening, Mr. Xi said China supports the stability of the euro and the […]
Sarkozy Outlines New Economic Plan
Posted January 29th, 2012 at 5:25 pm (UTC-5)
Embattled French President Nicolas Sarkozy outlined new economic proposals during a broadcast Sunday that observers say was aimed at boosting his poor standing with voters before the April election. Mr. Sarkozy has yet to announce his candidacy. But he is widely expected to seek a second six-year term against Socialist Francois Hollande, who leads public […]
Sarkozy Outlining New Economic Plan
Posted January 29th, 2012 at 11:10 am (UTC-5)
The embattled president of France, Nicolas Sarkozy, is outlining new economic proposals during a broadcast Sunday that observers say is aimed at boosting his poor standing with voters ahead of April’s general election. Though Mr. Sarkozy has yet to announce his candidacy, he is widely expected to face Socialist Francois Hollande, who is polling ahead […]
Sarkozy Outlining New Economic Plan
Posted January 29th, 2012 at 9:25 am (UTC-5)
The embattled president of France, Nicolas Sarkozy, is outlining new economic proposals during a broadcast Sunday that observers say is aimed at boosting his poor standing with voters ahead of April’s general election. Though Mr. Sarkozy has yet to announce his candidacy, he is widely expected to face Socialist Francois Hollande, who is polling ahead […]
US, Obama ‘Deeply Concerned’ About Euro Woes
Posted November 16th, 2011 at 4:05 am (UTC-5)
U.S. President Barack Obama says turmoil will continue to grip the world’s financial markets unless European leaders take decisive action. Mr. Obama issued the warning during a joint news conference Wednesday with Australian Prime Minister Julia Gillard in Canberra. Mr. Obama said European leaders need to put in place a “concrete plan” to show financial […]
Key Dates and Events in the European Debt Crisis
Posted November 9th, 2011 at 6:45 pm (UTC-5)
The unfolding eurozone economic crisis has led to political and social turmoil across the region as the governments of Greece, France, Ireland, Spain and Portugal try to keep their spending under control and impose drastic measures to cut their growing debts. This is a timeline of the most important events leading to the current economic […]
