In case you haven’t noticed, the great European crisis is the biggest political game changer in postwar history.
There were messy and embarrassing mistakes along the way. But, in the end, German Chancellor Angela Merkel got what she wanted: an end to the endemic system of money laundering and corruption in Cyprus.
After four months in power President François Hollande has suffered a massive drop in popularity, his government is split over the eurozone fiscal pact and companies continue to lay workers off. This week is unlikely to see a turnaround — new unemployment figures will be announced on Wednesday and the cabinet will discuss a widely dreaded budget on Friday.
Hungary's Prime Minister Viktor Orban, who is visiting Vilnius, praised Lithuania for its fast economic growth and the way the Baltic country dealt with its debt.
Polish President Bronislaw Komorowski has a five-point plan for economic reforms to help Poland better endure the European crisis as Poland must still fight to improve its own competitiveness within the EU while relying on deeper integration to aid the EU as a whole.
The statements of Chinese Prime Minister Wēn Jiābǎo sounded after the meeting with the Head of German Government Angela Merkel, should give some optimism regarding the destiny of eurozone. China is ready to proceed investing into state bonds of European countries that have become the victims of debt crisis. The words of Wēn Jiābǎo that the People’s Republic of China shall coordinate its actions with the European Central Bank and International Monetary Fund, to help the eurozone to «solve the dilemma it has faced», should be the relief for Mrs. Merkel, provided there wouldn’t be one little «no». For the help to become real, European partners should follow some conditions.
Like many other regions around the world, Central Europe (CE) was profoundly affected by the global economic crisis. This article discusses the way CE countries have been handling the effects of the global crisis in the region by looking into changes in the macroeconomic indicators over the past 2 years.
Europe's dividing lines in the debt crisis run between the rich North and less well-off South - at first glance, anyway. But closer examination suggests the truth is more complicated.
The Baltics are growing after austerity—and they resent Mediterranean bail-outs
Prime Minister David Cameron and German Chancellor Angela Merkel agreed on Thursday that the EU's fiscal pact was not a sufficient step in itself to resolve the crippling eurozone debt crisis.