Topic: European Economy
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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When dictators fall, so do their banknotes
The following now defunct or possibly soon-to-be defunct banknotes are imbued with the symbols and iconography of their leaders, past and present.
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20 best iPhone apps for starters
Here's a selection of some essential and not-so-essential apps that will help you get by in a world increasingly dependent on digital interaction.
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'Fiscal cliff' 101: 5 basic questions answered
President Obama and congressional leaders are working to stop the US from going over the “fiscal cliff,” a combination of higher taxes and lower spending set to take effect Jan. 1. Here are five steps to understanding what's going on.
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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Stefan Karlsson Update on Spanish unemployment shows regional discrepancies
According to first quarter numbers, there are several percentage points that separate the unemployment rates of northern and southern Spain. The gap between the regions is almost as large in percentage as the gap between Spain and Austria.
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Stefan Karlsson Regional differences in unemployment further hinder EU recovery
It is well documented that there are big differences in unemployment within the European Union. What is perhaps less well known, however, is that dramatic differences in unemployment exist within many euro countries as well.
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Stefan Karlsson Baby bust: Germany's not-so-secret weakness
In about 20 to 25 years or so the newest generation of young adults will become part of the labor force. As Germans born in the 1950s and 1960s retire in the coming decades, Germany will get a much smaller labor force than its neighbors.
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US stock market climbs as world banks slash interest rates
U.S stock market futures opened higher Thursday on actions taken by central banks in Europe and China to cut key interest rates and pump stimulus money . The Dow rose 26 points to 12893 as the US stock market awaits today's reports on unemployment claims and retail sales.
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Stocks rise as oil prices, factory orders also climb
In an abbreviated holiday trading session energy stocks rose due to increased tension over Iran. The major stock indexes moved higher after the government reported that factory orders rose in May. The Dow Jones rose 72 points to close at 12,943.
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Stefan Karlsson Economists squabble over how to best assess recovery data
Iceland has been used by Nobel laureate Paul Krugman as a poster child for economic recovery. But Stefan Karlsson again argues--this time with help from the Council on Foreign Relations--that Baltic countries may have better overall numbers.
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Win-win moment in Europe takes edge off summer of gloomy predictions
Ugly eurozone-crisis dynamics threaten to make it a summer of social unrest. But Spain's Euro2012 win and Germany's agreement on a European rescue fund have shifted the tone.
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'Fiscal cliff': US must avoid even the threat of it, IMF chief warns
IMF Managing Director Christine Lagarde discussed on Tuesday her institution's review of the US economy, which included a revised estimate for domestic growth this year of 2 percent.
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Barclays scandal prompts furious public backlash in Britain
Barclays CEO Robert Diamond resigned today. As investigations of lending rate manipulation continue a government official says a 'culture that had flourished in the age of irresponsibility' must end.
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Oil prices fall as optimism over EU plan fades
Oil prices fell below $84 a barrel Monday as euphoria over the latest plans to solve the eurozone's economic woes faded. Oil prices were down $1.32 to $83.64 by late after noon Singapore time.
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How much did German Chancellor Merkel give up at euro summit?
The once-unmovable Chancellor Merkel agreed to a bailout fund for struggling eurozone members, saying she did not bow to pressure. Headlines in Germany portray it differently.
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Germany forfeits to Spain and Italy, agreeing to loan directly to banks
After weeks of refusing to yield, German Chancellor Angela Merkel agreed to allow eurozone bailout funds to be used to recapitalize struggling banks.
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The Reformed Broker The May correction: Thursday's losses were good. Seriously.
The market may have sold off more after the Supreme Court's decision on universal healthcare today, but it was down anyways, says Joshua Brown. Spanish bond yields and Germany's employment numbers meant a risk-off day regardless.
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Germany vs. Italy: At eurozone meeting, the battle is over urgent action
As Europe's leaders meet in Brussels today, Germany is pushing hard for long-term reform. But Italy PM Monti says Europe faces disaster if high borrowing costs aren't addressed quickly.
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Stefan Karlsson Race against time: Eastern Europe growing old before rich?
With the labor force soon starting to shrink dramatically because of the lagged effect of the collapse of birth rates in the early 1990s, Stefan Karlsson believes that most, if not all, Eastern European countries will grow old before they grow rich.
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The Reformed Broker Dr. Seuss takes on Chancellor Merkel
Germany's Angela Merkel made her most forceful comments yet on the possibility of providing shared eurobonds and an FDIC-like guarantee for bank deposits. The Reformed Broker composes a poem in honor of the occasion.
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Cyprus seeks bailout, following Spain. Who's next?
Cyrpus became the fifth country to seek financial aid Monday, as Cyprus banks suffered heavy losses on Greek debt.
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Spain makes official debt bailout request
Spain bailout: The country has made a formal request for a loan to help clean up its troubled banking sector. The Spain bailout could take up to $77.7 billion to help the country's banks survive.
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Italy's modern-day conqueror falters under weight of eurozone crisis
Mario Monti, who was heralded as the answer to Italy's myriad problems when he was appointed to the presidency, has run into endless obstacles, and public confidence in him is waning.
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Stefan Karlsson Portugal stands out as largest euro success story so far
Portugal stands out as the country making the biggest improvements, while neighboring Spain is seeing the smallest. Portugal's deficit in the first four months of 2012 is far lower than it was in the same period of last year.
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With Germany finally on board, EU can now go beyond just cuts
After weeks of pressure from other EU members, German Chancellor Merkel relented on her austerity-only prescription and acquiesced to a stimulus package for the eurozone crisis.
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New Greek prime minister after month of uncertainty
Antonis Samaras is the fourth prime minister in eight months; he faces the daunting task of resolving Greece's economic woes.
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The Circle Bastiat The Federal Reserve's new and improved transparency
The Fed met today to discuss possible further reforms. But how will the new kinder, gentler and allegedly more transparent Fed communicate to the public this momentous decision?
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Greece may form coalition government as soon as Wednesday
The New Democracy party, which came in first in the election, will likely ally with the socialist party PASOK to form a government.
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With elections behind them, Greece goes to bat with Germany
Greece's emerging government is expected to ask for more time to implement austerity measures. Germany is saying no. One side will have to back down.
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