euro zone

Documentary

Sisa: A Poor Man’s Cocaine with Athens in Its Grip

In the wake of the financial crisis that paralyzed the world economy in 2008 and which wrought financial chaos on the euro zone, no European nation is featured in the news as much as Greece, the beleaguered and heavily-indebted Mediterranean state that has watched its society collapse as the state’s ability to combat social ills […]

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The International Monetary Fund (IMF) Expresses Confidence in Leader Christine Lagarde

The board of the IMF expressed its confidence in Managing Director Christine Lagarde after the launch of a French inquiry into alleged abuses of power. Ms. Lagarde took over the IMF in 2011 and her office denies any wrongdoing. In 2007, Lagarde was involved in a dispute with French businessman Bernard Tapie and the bank […]

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The Children Left Behind by the Greek Economic Crisis.

The nation of Greece is alarmed by increasingly common stories of families abandoning their children due to poverty that stems from the economic crisis gripping the Mediterranean state. The Greek economic crisis is putting an increasingly burdensome economic strain on low-income families. The Gasparinatos family put their children up for adoption after their lives had […]

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United Kingdom’s Foreign Office Warns Embassies of Potential Riots in Case of Euro Zone Collapse.

While the euro zone teeters on the brink, Britain’s bureaucrats in the Foreign Office are telling their operatives abroad about how to handle potential civil unrest in the event of the collapse of the euro. All of this is based upon events in Greece which has seen incidents of civil disorder increase following the chaos […]

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The United Kingdom: A Fading Actor in European Affairs?

Open Democracy’s Kirsty Hughes argues that the financial crisis with the euro has drawn into sharp focus the need for the United Kingdom to determine its future relationship with regard to the continent else it faces marginalization and impotency in future continental affairs. Kirsty Hughes bemoans U.K. Prime Minister David Cameron’s lack of real involvement […]

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Euro Bonds Are Rejected by Germany as a Solution to the Euro Zone Financial Crisis.

Germany’s Chancellor Angela Merkel has repeated her nation’s rejection of a common euro bond market as a solution to the financial crisis gripping the euro zone following a failed bond auction on the part of Germany to raise money for the joint effort to save the common market currency. The German focus has remained on […]

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Bond Prices on the Rise in Europe as Fears of Contagion Spread Across the Euro Zone.

European Commission President Manuel Barroso says that the euro zone is facing a “systemic crisis,” while Prime Minister of Luxembourg Jean Claude Junker reiterated his call for the formation of euro bonds to save the continent from economic calamity. The interest rates on bonds rose dramatically in France, Belgium, Austria, Finland and the Netherlands, demonstrating lack […]

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European Pessimism and German Ambitions: Reasons for Worry?

The recent financial crises spreading throughout debt heavy European sovereigns has called into question the viability of the common currency and the whole European project. In its initial stages, the European Coal and Steel Community was proposed by French foreign minister Robert Schuman on May 9, 1950 as a way to prevent future war from […]

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Italian Prime Minister Silvio Berlusconi Offers Resignation in Return for Euro Reforms.

Italian Prime Minister Silvio Berlusconi may be the latest domino to fall in the toppling of governments that has followed the spread of the euro zone financial crisis that has already claimed Greek Prime Minister George Papandreou’s government. In exchange for his resignation, Berlusconi wants the Italian parliament to pass the austerity measures requested by […]

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