Greece never was any more than the canary in the mineshaft, a mere outrider for much wider and more fundamental problems in the eurozone. The European Commission's latest economic forecasts, which optimistically point to slow recovery from the second half of this year, more than prove the point. As can be seen, the Commission has [...]
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BRUSSELS (AP) — The European Union has warned that the 17-country eurozone could slip back into recession next year as the debt crisis shows alarming signs of spinning out of control. The EU's economic watchdog, the European Commiss... Read Post
European stock markets jumped as strong US jobs data outweighed a gloomy eurozone economic forecast. ||| London - European stock markets jumped Friday as strong US jobs data outweighed a gloomy eurozone economic forecast, and headed... Read Post
Greece was the beta test. Now Germany, whose plan to enact a European fiscal pact in exchange for soaring Bundesbank and economic support of the PIIGS has so far delayed the inevitable, is seeking wider powers to "supervise" Europea... Read Post