Europe

Globalization Talk at Davos

German Prime Minister Angela Merkel proposed a new “global financial architecture” at the Davos...

A Sinking Island

Iceland’s government has become the first state casualty to collapse from the economic crisis...

British Pound, Banks Sinking

As the British pound continues downward relative to foreign currencies and the nation’s banks...

Slovakia Adopts the Euro

On January 1, 2009, Slovakia became the first former Soviet-bloc country to adopt the...