Germans Resist Euro Bonds as an Answer to Sovereign Debt Problems
As the PIIGS nations — Portugal, Ireland, Italy, Greece, and Spain — face the prospect of default, euro bonds are being considered as...
Europe
Spain’s Treasury Secretary Calls for Help
As Spain prepares for a major market test as it tries to access capital on Thursday, its Treasury Minister has announced that Spain...
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Bulgarian Officials Persecute Pastor over Homeschooling
Authorities in the former communist nation of Bulgaria are reportedly persecuting a pastor and his family over their decision to homeschool, prompting an...
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WikiLeaks Chief Assange Loses U.K. Extradition Battle, Fears U.S. Charges
Following a high-profile legal battle that raged on for more than a year and a half, the British Supreme Court ruled Wednesday that...
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EU Plans to Impose National Internet IDs
While the European Union — many of whose member states are facing dire economic crises — struggles to convince the world of its...
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Italy Teeters on the Edge
The newest edition to the list of wobbling fiscal systems is Italy, the fourth largest economy in Europe and the seventh largest economy...
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Potential Bank Runs in Greece Spark EU Contagion Panic
As the prospect of Greece leaving the eurozone dominates headlines around the world, Greeks are lining up at ATMs and financial institutions to...
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Eurozone Teetering on the Edge of Recession
The latest numbers on the Eurozone economies are showing nothing, with an official recession call barely avoided. And without Germany’s slightly better economic performance...
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UK Leader in European Parliament Says EU on the Verge of Cataclysm
In an impassioned plea before the European Union’s so-called “Parliament,” United Kingdom Independence Party (UKIP) leader and popular MEP Nigel Farage compared the...
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French Muslims Overwhelmingly Supported Socialist
In France, a supposedly-secularized ‘modern’ nation, one's religious beliefs were overwhelming significant in choosing a presidential candidate in the recent elections. ...
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Russia Celebrates Victory Day with Military Parade
On Wednesday, Russia commemorated the 67th anniversary of the Soviet Union’s victory over Nazi Germany, with a massive military parade in Moscow. The...
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Election Results in France: Austerity, No! More Spending, Yes!
On Sunday French voters, angry over austerity measures, replaced President Nicolas Sarkozy with Socialist Francois Hollande. ...
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Euro Zone Manufacturing Down Sharply
The "Euro Zone" is faltering, as Markit’s Eurozone Manufacturers Purchasing Managers’ Index or PMI dropped to 45.9 points in April, which was lower...
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Chicago Prepares for NATO Summit
In anticipation of the NATO Summit, which is to be held from May 20 to May 21, the city of Chicago is preparing...
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Political Pushback to Austerity in Europe is Increasing
Last Thursday's two-notch downgrade of Spain's sovereign debt by Standard and Poor's credit rating agency is triggering pushback at the ballot box. ...
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