EU Moves to Shore Up Bailout Fund

Staff / Truthdig Mar 26, 2011 European Union financial officials meeting in Brussels have agreed on the setting up of a permanent bailout fund, even as Portugal reportedly teeters on the precipice of financial collapse. Dig deeper ( 1 Min. Read )

EU Moves to Defend the Euro

Staff / Truthdig Dec 18, 2010 Despite sounding more like an arcade than a currency oversight organization, European Union leaders have agreed to set up an official bailout fund for eurozone members as soon as 2013, doing “whatever is required” to defend the beleaguered currency. Dig deeper ( 1 Min. Read )

When the Euro Almost Died

Staff / Truthdig Sep 25, 2010 In a fascinating tale of international financial intrigue, the Wall Street Journal reveals how a secret task force of European leaders -- dubbed “the group that doesn't exist” -- was formed in 2008 to prevent the collapse of the eurozone, which could have triggered another global economic tsunami. Dig deeper ( 1 Min. Read )

At Least the German Economy’s Growing

Staff / Truthdig Aug 14, 2010 The U.S. economy is still an unholy mess, but someone is doing something right over in Germany, which reported record growth over the three-month period from April through June -- the biggest such spike since the once-split nation reunified. Dig deeper ( 1 Min. Read )

Germany’s Good Fortune Tips the Scales Against Its Neighbors

William Pfaff / Truthdig Aug 11, 2010 The excellent second quarter export and growth results reported by Germany have set that country at an increasing, and increasingly dangerous, distance from the other members of the European Union. Dig deeper ( 4 Min. Read )

Poles Head to the Polls

Staff / Truthdig Jun 20, 2010 Poland's presidential election is finally under way following the death of the country's last president, Lech Kaczynski, in a plane crash two months ago. Acting President Bronislaw Komorowski was the favorite going in, expected to defeat the late president's twin brother, Jaroslaw Kaczynski. Dig deeper ( 1 Min. Read )

Turning the Crisis Corner

Staff / Truthdig Jun 12, 2010 In a metaphorical walk around the debt crisis block, Greece's prime minister has said he believes his country is "turning the corner" as economic recovery efforts by the ransacked country may have started to pay off. Dig deeper ( 1 Min. Read )

Hungary Hungry for Economic Stability

Staff / Truthdig Jun 4, 2010 A new kind of specter is haunting Europe: debt. Hungary's new prime minister is reported to have said that there is only a slim chance that his country will evade a Greek-style debt crisis, a comment that sent domestic markets into a tizzy and saw the Hungarian currency drop more than 2 percent. Dig deeper ( 1 Min. Read )

Spain Bites the Bullet

Staff / Truthdig May 28, 2010 As the euro continues to tank and European countries scramble to deal with shrinking economic forecasts, Spain has proposed slashing its spending plans by nearly 8 percent next year as it struggles to deal with financial turbulence. Dig deeper ( 1 Min. Read )

The Greeks Get It

Chris Hedges / Truthdig May 24, 2010 Here’s to the Greeks. They know what to do when corporations pillage and loot their country. Call a general strike. Riot. Shut down the city centers. Toss the bastards out. Dig deeper ( 7 Min. Read )

Here They Come to Save Das Day

Staff / Truthdig May 21, 2010 The German Parliament has approved a series of measures allowing the country to provide up to $184 billion in loan guarantees in a package aimed at stabilizing the euro and helping support those European nations that are mired in debt. Dig deeper ( 2 Min. Read )

U.S. Stocks Take a Nosedive as Euro Worries Rise

Staff / Truthdig May 21, 2010 The Icelandic volcano isn't the only problem blowing over from Europe, judging by Thursday's dismal stock market dive, touched off in part by problems in the euro zone as well as homegrown concerns about the American government's plans for financial regulation. Dig deeper ( 1 Min. Read )