Irish Labor Party Rep Excoriates Minister for ‘Destroying Economy’

Staff / Truthdig Nov 20, 2010 The Irish economy is in quite a state, and according to Labor TD (that's MP in Irish parlance) Pat Rabbitte, some specific people are to blame for Ireland's plight One of them just happened to be right next to him (continued). Dig deeper ( 1 Min. Read )

Why the Rest of Europe Isn’t Happy With France and Germany

William Pfaff / Truthdig Nov 4, 2010 The European Union's leaders, Germany and France, decided Oct. 30 to try to change the EU's Lisbon Treaty. This is a highly charged and divisive move. Dig deeper ( 4 Min. Read )

EU to Institute Stricter Euro Zone Rules

Staff / Truthdig Oct 30, 2010 Like a well-financed and politically powerful parent, the European Union has agreed to implement tougher rules for euro zone countries that overspend and over-borrow to “deter bad budgetary behavior” that could lead the currency into yet another crisis. 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 )

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 )

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 )

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 )

Speculators [A cartoon from Austria]

Petar Pismestrovic, Kleine Zeitung, Austria May 17, 2010 Dig deeper

Greece Offers to Repay Loans with Giant Horse

Andy Borowitz / Truthdig May 10, 2010 Finance ministers from 16 EU nations awoke in Brussels this morning to find that a huge wooden horse had been wheeled into the city center overnight. Dig deeper ( 1 Min. Read )

Greeks Focus Their Rage on the IMF

Staff / Truthdig May 9, 2010 While the genesis of Greece's financial crisis may come straight out of economic textbooks, the recent intervention of the EU and now the IMF into Greek affairs has guaranteed popular resistance to the bailout -- which many see as foreign subjugation of their country. Dig deeper ( 1 Min. Read )

A Fragile Partnership

William Pfaff / Truthdig May 5, 2010 The present crisis of the European Union was inherent in the creation of the institution itself. Dig deeper ( 4 Min. Read )

What’s Euro Problem?

Staff / Truthdig May 5, 2010 The once-mighty euro, a currency that humbled American tourists in its day, has sunk to a 13-month low against the dollar. Greece's impending bailout apparently isn't settling nerves in the eurozone, which includes other major economies that look a little wobbly as of late. Dig deeper ( 1 Min. Read )