To listen to some European leaders, especially in France, you would think the era of austerity was over and the euro zone was going full steam ahead to revive economic growth. In a striking change of tone, European Commission President Jose Manuel Barroso said last month that austerity – the policy of cutting public debt by reducing spending and raising taxes – had reached the limits of public acceptance.
BERLIN (Reuters) – Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together.
BRUSSELS, March 26 (Reuters) – In bailing out Cyprus and
taking funds from savers instead of taxpayers, the euro zone has
crossed a Rubicon with implications for future banking rescues
in other countries despite assertions that the crisis in the
island nation is unique.
BRUSSELS (Reuters) – Lawyers have a saying that hard cases make bad law.
Whatever happens this weekend on a bailout for Cyprus will set precedents for the euro zone’s future banking union, investor confidence in the single currency area and political relations among European states.
PARIS (Reuters) – Grigoris Lemonis, a 73-year-old Athens pensioner, uses his 580 euro monthly state pension to support his wife and the family of his son, an unemployed cook with two small children and a wife who works occasionally as a cleaner.
PARIS (Reuters) – Grigoris Lemonis, a 73-year-old Athens pensioner, uses his 580 euro ($760) monthly state pension to support his wife and the family of his son, an unemployed cook with two small children and a wife who works occasionally as a cleaner.
PARIS (Reuters) – Italian comic-turned-activist Beppe Grillo has blazed a trail for populist political movements around Europe by taking his Five Star Movement (M5S) from obscurity to become Italy’s largest party in its first general election campaign.
BRUSSELS (Reuters) – European policymakers should be asking themselves “who lost Italy” after a grassroots revolt against austerity, unemployment and the political elite caused an electoral earthquake in the euro zone’s number three economy.