Topic: Euro Zone
Top galleries, list articles, quizzes
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Briefing
What would happen if Greece exited the eurozone?
Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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Hollande's victory: The world ponders a major shift
François Hollande's victory may represent change for not just France, but Europe as a whole.
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International Women's Day: How it's celebrated around the globe
International Women's Day has served for more than a century as a day to honor the achievements of women globally. Here are some ways people are celebrating:
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A hard landing for China? Six top economists weigh in.
China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing. It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.
All Content
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Dow plunges 275 points: Is stock market starting to smell recession?
A poor US jobs report Friday sent the stock market down sharply, and other economic data coming in from Europe and China also did not boost optimism.
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The Daily Reckoning
Retreat from stock market, impending European implosion worrying
An overall retreat from the US stock market, coupled with worries of a global recession and bear market has Bonner predicting investors won’t be getting off the hook very easily. The odds are high enough for him to advise wise investors to start looking for cover.
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The New Economy
US jobs report: a cold blast of fear
US adds only 69,000 net jobs, the smallest gain in a year. Employers pull in their horns in the face of fears over the eurozone and worries about the US elections and the expiration of tax cuts.
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Greeks shrug off Europe's warnings that turmoil could get worse (+video)
Europe's dire warnings to Greece about the consequences of a potential default engender little fear among Greeks, who say the worst has already arrived.
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The Daily Reckoning
New signs of global slowdown darken analyst's economic outlook
Data released this week may show new signs of a global slowdown. But one analyst isn't surprised. From the tech bubble burst to the housing collapse to the resurgence of gold, he's been (mostly) right. Not that he's saying 'I told you so.'
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Briefing
What would happen if Greece exited the eurozone?
Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
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US Treasury bond yields hit record low as eurozone worries mount
A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.
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Decoder Wire
Mitt Romney has won the nomination. What next? (+video)
Mitt Romney's sweep of the Texas primary gave him 105 delegates, pushing him over the top for the nomination. His campaign now turns to the central theme of the campaign, economic competence.
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Strengthen the euro and reform the European Commission
At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.
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Despite oil prices, falling euro, Dow closes up slightly
Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
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Home prices hit post-boom lows: What does that mean for housing market?
Despite fresh optimism about the housing market, home prices in the Case-Shiller Index fell during the first quarter, suggesting that the market is still stabilizing.
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Stefan Karlsson
The case for a German value added tax
The continuing eurozone crisis has economists debating the case for a value added tax, or whether or not the German surplus be reduced without reducing (and preferably in fact increasing) German incomes.
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Stefan Karlsson
Europe can strengthen Greece without weakening Germany
Some experts warn that Greece can't reduce its current deficit unless Germany and other better-off nations reduce their surpluses. Here's why they're wrong.
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EU still looking for way forward on Greece, growth, and euro zone
The latest summit in Brussels concluded with wide agreement that something needs to be done but with little consensus on what to do.
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Memorial Day: good news on gasoline prices, and it may get better
Memorial Day weekend, the start of the summer driving season, will see gasoline prices at their lowest in two years. Concerns about Europe and optimism about Iran have helped cut the cost of crude.
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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Global News Blog
Amid eurozone turmoil, Germany borrows money for free
Germany sold $5.7 billion of debt today to yield 0 percent, a reflection of how much Europe's largest economy has diverged from its southern neighbors who are paying far more to borrow.
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Gordon Brown: Europe needs a global rescue
The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.
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OECD concerned that eurozone crisis could threaten world recovery (+video)
The Organization of Economic Cooperation and Development said Tuesday the eurozone must get member nations with debt problems under control, so as to not pose problems for a less than robust world economic recovery.
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France says 'oui' to euro bonds, but Germany says 'nein'
German finance official says Berlin continues to oppose euro bonds, which would create debt backed jointly by European Union nations. EU members meet Wednesday in Brussels to discuss euro bonds and other growth-enhancing policies.
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Gold prices to climb if Greece gets fixed
Gold prices fall when dollar strengthens, as it has during latest Greek crisis. Gold prices will recover when Greece's path is clear, says a gold expert.
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G8 summit: Euro crisis and possible 'Grexit' overshadow agenda
The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.
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Bonjour, Hollande. Ready for a gentle arm-twisting at the White House? (+video)
France's new president, François Hollande, is set to meet with Obama Friday morning. He's likely to get some prodding about his intentions vis-à-vis the Afghanistan war, given his campaign pledge to expedite removal of French combat troops.
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Obama to unveil plan for helping African farmers
Ahead of the G-8 summit, President Obama will unveil a new public-private partnership with DuPont, Monsanto, and Cargill, and almost 20 companies from Africa, to help farmers build local markets and fight hunger.
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Hollande-Cameron don't agree on much – except need to save the eurozone
French President Hollande and UK Prime Minister Cameron meet in US today ahead of G8 summit. They are likely to find common ground on eurozone crisis despite differences over austerity.
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