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Tag: Europe

Obama’s American Exceptionalism

The Obama administration has chosen a distinctly American path that kept austerity at bay. As a result, the American economy has climbed out of the Great Recession more quickly than most of Europe.

Posted on May 10, 2012 READ MORE



Photo by (CC-BY-SA)

Elections Could Shift EU Away From Austerity, but Should They?

The weekend elections in France and Greece seem widely to have been taken, at least on the European and American left, as a solution to the great European economic crisis.

Posted on May 8, 2012 READ MORE



(CC-BY-SA)

Death to Austerity

Economic austerity is a dangerous, self-defeating intellectual fad. Perhaps I should say that’s what it was, given Sunday’s election results in Europe.

Posted on May 7, 2012 READ MORE



AP/Michel Spingler

France Goes With the Socialist

The austerity regime in Europe took a big hit Sunday, with French voters electing Socialist Francois Hollande, while the Greeks, also voting Sunday, handed out pink slips to the ruling centrist coalition that has slashed government spending on EU orders.

Posted on May 6, 2012 READ MORE


Which Way, France?

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Posted on May 5, 2012 READ MORE


Terror Europa

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Posted on May 3, 2012 READ MORE



Photo by (CC-BY)

France: Socialist Victory Overshadowed by ‘Big Healthy Blonde Girl’

Until his daughter, Marine, captured 19 percent of the vote in France’s first round of presidential elections Sunday, Jean Marie Le Pen was the country’s most politically successful right-wing crazy. In a way he saw this coming, promoting his daughter, as The Guardian recalls, as a “big healthy blonde girl ... an ideal physical specimen.”

Posted on Apr 22, 2012 READ MORE



Gabriela Camerotti (CC-BY)

In Europe, Crisis-Provoked Suicide on the Rise

Tally the fatal, unhappy costs of runaway capitalism. Across Europe, businessmen unable to cope with the world made by the 2008 economic crash are taking their lives.

Posted on Apr 14, 2012 READ MORE



Photo by ctj71081 (CC-BY)

American Decline: Debated, Contested, Obvious

Is the United States in decline? It’s clear to anyone who has been to Europe or the major Asian states recently, where everything works beautifully, even if Europe’s debts are not paid off.

Posted on Apr 10, 2012 READ MORE


Euro Flag

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Posted on Apr 1, 2012 READ MORE



Wikimedia Commons

Spanish Government Goes for Big Austerity Cuts

Remember when austerity sounded more like an obscure SAT word than cause for international economic panic? This time around, it’s the Spaniards who are feeling the pinch, as their government has announced major budget cuts for the year.

Posted on Mar 30, 2012 READ MORE



White House / Pete Souza

Regardless of Obama’s Gaffe, Nuclear Missile Defense Remains a Useless Endeavor

European missile defense against the threat of hypothetical Iranian nuclear missile attack is a make-work project for the American aerospace industry and always has been.

Posted on Mar 28, 2012 READ MORE



AP / Jacques Brinon

President Sarkozy Maneuvers to Benefit From Toulouse Violence

No one gained more from the crisis in Toulouse than President Nicolas Sarkozy, for whom law and order has always been a calling card.

Posted on Mar 25, 2012 READ MORE



Christian Guthier (CC-BY)

Can Europe’s Left Rebound?

The question is whether 2012 will mark a comeback by a left invigorated by a growing unhappiness with rising economic inequalities and a backlash against austerity policies aimed at saving Europe’s common currency. (Pictured, British Labour Party leader Ed Miliband.)

Posted on Mar 18, 2012 READ MORE



AP / Michael Probst

Greece Set for Second Bailout

Having pulled off the biggest debt restructuring deal ever, Greece is on track for yet another bailout. Meanwhile, the Greek government is also preparing to make yet another round of austerity cuts, which may involve lowering the nation’s minimum wage.

Posted on Mar 9, 2012 READ MORE


Big Fat Greek Wedding

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Posted on Feb 15, 2012 READ MORE



AP / Kostas Tsironis

Greek Unrest the Result of Suppressed Democracy

Denied a referendum on crippling austerity measures, Greeks demonstrated Sunday night that if they couldn’t express their opinions one way, then they would do it in another.

Posted on Feb 15, 2012 READ MORE



AP / Kostas Tsironis

All Hades Breaks Loose in Greece

On Sunday, after months of economic and political turmoil, Greek citizens fed up with paying for mistakes made by their country’s power elite took to the streets by the tens of thousands to signal their disapproval of the austerity measures the government pushed through late that night.

Posted on Feb 13, 2012 READ MORE



U.S. Navy / MC2 Brooks B. Patton Jr.

Europe Decides Not to Play America’s Game

Stephen Hadley, a former official in ex-Vice President Dick Cheney’s office, said in Munich that Europe must spend more if it wants to be a global player. The Europeans regard the George W. Bush administration record, and now the Obama administration’s, and see the disastrous results of “global playing.”

Posted on Feb 7, 2012 READ MORE



DoD / MC1 Chad J. McNeeley

Focus on Iran and China Could Hasten American Decline

Americans might do better to give up their China obsession and go back to their traditional vision of a European threat.

Posted on Jan 31, 2012 READ MORE



AP / Michael Probst

Is Europe Making a Comeback?

Once again, European leaders convened for a eurozone pep rally on Tuesday, meeting up in Brussels to see if their economic resuscitation efforts in recent months are paying off and if Greece will stop hogging all the attention anytime soon.

Posted on Jan 31, 2012 READ MORE



Elliott Brown (CC-BY)

Bailout, Tune Out

The BBC reports that while the United States and the U.K. have made a habit of buying too-big-to-fail banks and then looking the other way, the safest banks in the world aren’t just owned but operated by civil governments.

Posted on Jan 30, 2012 READ MORE


Euro Dragon

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Posted on Jan 29, 2012 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Chris Hedges on His Lawsuit Against the President

This week on Truthdig Radio in association with KPFK: The great Internet switch-off; the ACLU vs. jailhouse abuse; S&P’s downgrade mania; Robert Scheer on the election, and Chris Hedges discusses his lawsuit against the president.

Posted on Jan 20, 2012 READ MORE


Chris Hedges on His Lawsuit Against the President

This week on Truthdig Radio in association with KPFK: The great Internet switch-off; the ACLU vs. jailhouse abuse; S&P’s downgrade mania; Robert Scheer on the election, and Chris Hedges discusses his lawsuit against the president.

Posted on Jan 20, 2012 READ MORE



White House / Pete Souza

Moving Obama to Europe

This is what progress looks like for a president named Barack Hussein Obama.

Posted on Jan 15, 2012 READ MORE



Europe in Free Fall

In “After the Fall: The End of the European Dream and the Decline of a Continent,” Walter Laqueur explains how Europe’s success in constructing a harmonious community of states actually masked serious social, economic and political vulnerabilities that proved too fragile to bear the world’s most severe financial crisis since the Great Depression.

Posted on Jan 13, 2012 READ MORE



Zuccotti Park Reoccupied

Barricades in Zuccotti Park have finally come down, causing protesters to immediately reoccupy; in the face of budget cuts, some teachers opt to work for free; meanwhile, Kopimism, a new religion based on file-sharing, emerges. These discoveries and more after the jump.

Posted on Jan 10, 2012 READ MORE



reuters.com

Germany and France to the Rescue, Again

Now that the holiday season is over, French President Nicolas Sarkozy and German Chancellor Angela Merkel are back in crisis management mode, huddling in Berlin on Monday before emerging to hold a joint news conference on the future of the eurozone.

Posted on Jan 9, 2012 READ MORE



Wikimedia Commons

Germany Dominates Europe Once Again

Germany, as we all know, is a problem—especially a disproportionately powerful and united Germany. (Update)

Posted on Dec 13, 2011 READ MORE



April and Randy (CC-BY-ND)

Krugman Calls It a Depression

The Nobel Prize-winning economist writes in his New York Times column Sunday that even though “it’s not a full replay of the Great Depression,” people continue to suffer without work and we should call the thing by its name.

Posted on Dec 11, 2011 READ MORE


Time Is Up

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Posted on Dec 10, 2011 READ MORE



AP / Geert Vanden Wijngaert

Brussels Summit Will Not Avert Eurozone Crisis

At the close of an economic summit that appears to have failed to rescue Italy, Spain and more of Europe from sinking deeper into a mire of recession, Guardian economics editor Larry Elliott prefigures the collapse of the euro as a unifying currency of the European Union. (more)

Posted on Dec 10, 2011 READ MORE


‘Left, Right & Center’: Europe Kicks the Can

This week, at a Brussels economic summit described as “make or break,” European leaders came together but drew the line at uniting. Meanwhile, back on this side of the Atlantic, conservatives mull Newt Gingrich’s presidential prospects and President Obama speechifies.

Posted on Dec 9, 2011 READ MORE



Dennis Skley (CC-BY-ND)

Fiction, Fantasy and the Euro

The extent to which the economic policy of nations is made on the basis of misinformation or wishful thinking is not generally recognized.

Posted on Dec 6, 2011 READ MORE



World Economic Forum / Michael Wuertenberg (CC-BY-SA)

Giving Politicians a Good Name

Two politicians from different countries and with very different political pedigrees made news this week. Both spoke difficult truths and reminded us that we shouldn’t use the word “politician” with routine contempt.

Posted on Nov 30, 2011 READ MORE


Euro Santa

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Posted on Nov 28, 2011 READ MORE



Flickr / SimplySchmoopie (CC-BY-SA)

Europe’s Plight Chills Year-End Market Predictions

Traditionally, the holiday season brings good tidings for the stock market, too. There’s even something called “the Santa rally,” we learned from this Wall Street Journal article. Neat! But this year, with trouble on the European front and the ongoing recession (yes, that reads “recession”) at home, there may be less to look forward to, or so market forecasters fear.

Posted on Nov 25, 2011 READ MORE


Bunga Bunga

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Posted on Nov 13, 2011 READ MORE



Richard Newton (CC-BY)

S&P Accidentally Downgrades France

The same ratings firm that held the United States hostage to its debt demands and gave the thumbs up to toxic mortgage assets is again in the news for bungling things. Standard & Poor’s accidentally announced a downgrade Thursday of France’s AAA credit rating.

Posted on Nov 10, 2011 READ MORE



NATO

How Libya Plays Into NATO’s Identity Crisis

The enthusiasm that has been inspired in NATO circles by the organization’s success in overturning the Gadhafi regime in Libya provides a demonstration of how badly NATO still feels the need for a justification of its continued existence.

Posted on Nov 8, 2011 READ MORE



Flickr / clementine gallot (CC-BY)

Fed Changes Growth, Employment Forecast for the Worse

Back in June, the Federal Reserve predicted a sunnier economic future for the U.S. than it did Wednesday, when the Fed released revised figures for both growth (it’ll happen more slowly) and unemployment (it’ll continue to hover around 9 percent) through 2012. But the news wasn’t all gloomy.

Posted on Nov 2, 2011 READ MORE


Chris Hedges in Times Square

Occupy TVNY has this interview with Chris Hedges, who, during the major global protests on Saturday, compared Occupy Wall Street to the other movements he’s covered around the world, from Eastern Europe to the Middle East.

Posted on Oct 17, 2011 READ MORE



woodleywonderworks (CC-BY)

This Billionaire Likes to Tinker With Government

The Wall Street Journal recently profiled Nicolas Berggruen, a billionaire who has apparently become fascinated with political gridlock and enamored with the smoke-filled room. What makes Berggruen interesting is his ability to summon personalities such as Arnold Schwarzenegger, Joseph Stiglitz, Tony Blair and Condoleezza Rice. (more)

Posted on Oct 2, 2011 READ MORE



Marco Raaphorst (CC-BY)

Scientists Investigate Fish Shrinkage

Seafood fans beware: You and your appetites may be toying with evolution. A team of scientists is investigating the fallout from overfishing, which causes fish to be smaller and reproduce earlier, and whether these changes are short-term reactions or the result of unnatural selection. (more)

Posted on Sep 18, 2011 READ MORE



Siemens Drops Nuclear Power

The German conglomerate is getting out of the nuclear power business. Siemens built every one of Germany’s existing nuclear power plants, all of which were scheduled to be shuttered by 2022 following Japan’s Fukushima Daiichi meltdown. (more)

Posted on Sep 18, 2011 READ MORE



Apokolokyntosis (CC-BY)

Sperm Bank Bans Redheads

Cryos, an international network of sperm banks based in Denmark, is refusing donations from gingers, because, says director Ole Schou, there simply isn’t demand outside of Ireland, where red hair sells “like hot cakes.” The company is most interested in sperm from Indian donors and those with brown hair and eyes. (more)

Posted on Sep 18, 2011 READ MORE


‘Left, Right & Center’: The European Debt Crisis, Boehner on Jobs and Romney vs. Perry

On this week’s “Left, Right & Center”: setbacks in the effort to solve the European debt crisis, John Boehner’s remarks on Obama’s jobs plan, and where presidential hopefuls Rick Perry and Mitt Romney stand after the latest GOP candidates’ debate. (more)

Posted on Sep 16, 2011 READ MORE



Flickr / Davide "Dodo" Oliva

U.S. and European Markets Drop as Volatility Rises

U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama’s jobs speech and doubt over Greece’s ability to address its financial problems.

Posted on Sep 9, 2011 READ MORE



AP / Alexandre Meneghini

Victory in Tripoli: They Did It

If the U.S. had gone seriously into the war, and behaved characteristically, Libya’s revolution would not have succeeded this week.

Posted on Aug 23, 2011 READ MORE


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