Cold logic alone won’t stop Scotland from voting for independence from the rest of the U.K. on Sept. 18
euro zone
Must-Reads from Around the World
The Czech Republic is polarized over joining the euro zone, Africa needs to push more ambitiously for faster progress and Libya’s government said that the Lockerbie bombing case is closed, despite British and American hopes for a …
Is the E.U. Nearing a Landmark Banking Deal?
European Union finance ministers announced unexpected advances towards a banking union designed to prevent the excesses that transformed Europe’s sovereign debt problem into the fearsome euro crisis.
It’s Official: Eurozone Enters Second Recession In Three Years
Despite positive growth in France and Germany, official figures show the 17-nation euro bloc sinking into its second recession since 2009—with experts warning the worst is yet to come.
Must-Reads from Around the World
On deck for Friday: The African economy is booming, leaders in Europe decide to establish a single banking supervisor for the euro zone, and tensions continue between North and South Korea
Must-Reads from Around the World
On deck for Wednesday: The Italian government fires an entire city council for suspected ties with the mafia, the IMF lowers its global growth forecast, and the U.S. military reportedly gets more involved in the Syria crisis.
Spain’s Anti-Austerity Movement Rocks Madrid
With the Spanish economy teetering on a precipice, the ruling government of conservative Prime Minister Mariano Rajoy announced new austerity measures—a move that triggered mass protests in the country’s capital.
Austerity May Begin to Toll for France As Well
A big French carmaker makes painful cuts even as it grows increasingly clear that Hollande may have to inflict austerity on France.
E.U. Summit: Up All Night, But Consensus Finally Reached
Billed as the “last chance” summit to contain the escalating euro crisis, the meeting of EU leaders produces measures to relieve short-term financial pressures on vulnerable members, and lay the framework for significant …
After Socialist Romp in Elections, France’s Conservatives Face Existential Crisis
French President François Hollande’s Socialists win formidable legislative control, while France’s conservatives suffer the consequences of having pandered to the country’s far right
Euro Crisis: Spain Inches Closer to a Bank Bailout
After declaring that there would be ‘no bank bailout’ in his country, Spanish Prime Minister Mariano Rajoy looks set to ask the E.U. for financial assistance for Spain’s beleaguered banks.
France Election: Socialist Hollande Defeats Sarkozy for Presidency
France was poised for major change Sunday night when Socialist candidate François Hollande looked set to beat conservative incumbent Nicolas Sarkozy in runoff balloting for France’s presidency. Initial results revealed at 8 …
Between Growth and a Hard Place: Tough Choices for France’s Next President–Whoever that May Be
As the French presidential election heads into first round voting April 22, a burning question is being grafted to the issue of “who will win?” French and European observers are now also asking “what will the outcome mean …