Articles
Spain, Italy Team Up to Demand Crisis Relief
(MADRID) — The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move...
Austerity Strikes Back: Budget Hawks Regroup After the Reinhart/Rogoff Affair
In recent years, we have had no shortage of pundits, politicians, and writers telling us of the certain doom facing the U.S. government if it doesn't reign in...
France to Auction Wines From Presidential Cellar
1,200 of the Élysée Palace's finest vintages will be up for bidding, and some of the money will reportedly be funneled into the cash-strapped country's budget.
Italy’s New Government Wins 1st Confidence Vote
(ROME) — Italy's new government easily passed its first confirmation vote Monday in Parliament after Premier Enrico Letta made concessions to his uneasy...
May Day Strike Disrupts Transport in Greece
(ATHENS, Greece) -- Ferry and train services in Greece have ground to a halt as unions hold a strike for May Day. And hundreds of people are gathering for...
Why Austerity Is a Dangerous Idea
When everyone tries it at once, austerity makes the debt bigger, not smaller
Why the Argument for Austerity Took a Big Hit Yesterday
In the years following the financial crisis, America has been obsessed with debt. Hurting from the crisis, consumers and businesses have been busy paying off...
Europe Eases the Austerity Whip – a Little
(FRANKFURT, Germany) — Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. ...
Workers Protest to Get E.U. Leaders to End Austerity
(BRUSSELS) — Some 10,000 workers from across the European Union protested outside a summit of EU leaders Thursday, demanding they end years of austerity and...
Greek Unemployment Reaches Record 26%
(ATHENS, Greece) — Unemployment in debt-crippled Greece rose to a record of 26 percent in the last quarter of 2012, as austerity measures combined with a deep...
Austerity Triggers Novel Protests in Portugal
(LISBON, Portugal) — A Portuguese revolutionary song from 40 years ago is haunting the bailed-out country's government. Anti-austerity protesters are hounding...
Portuguese Prime Minister’s Personal Tax Number Leaked by Anti-Austerity Group
Thousands of fake bills bearing Pedro Passos Coelho’s personal tax number are pouring into revenue offices — and could prompt an investigation of the Prime...
Greece Hit by General Strike Against Austerity
(ATHENS, Greece) — Thousands of anti-austerity demonstrators took to the streets of Athens on Wednesday as unions staged a general strike to protest the...
Greek Journalists Strike to Protest Austerity
(ATHENS, Greece) — Greek journalists have walked off the job for 24 hours to protest austerity measures and income cuts, pulling radio and television news...
The E.U. Budget: Champions of Austerity Win a Big Battle–for the Most Part
Sleep-deprived EU leaders adopt a vastly reduced 2014-2020 budget that leading European parliamentarians vow to send back.
The Upside of Pentagon Budget Cuts
Defense Secretary Leon Panetta was on Capitol Hill Thursday testifying about the slaying of four U.S. officials in Benghazi last September. But the looming...
Berlin Officials Visit Greece to Get Tips on Austerity
In an irony-laden bid to learn how to better fight its own ballooning debt, officials from the German capital are traveling to Athens to learn how Greeks...
