Anyone out there who thinks the euro zone debt crisis is over – and you know who you are – should take a good look at what’s going on in Spain. If Italy represented the biggest threat to the euro in 2011, then Spain will be …
Europe
Europe’s Economic Woes: That Sound You Hear Is the Euro Cracking
A breakup in the euro zone just got more real with the announcement of the short list for the Wolfson Economics Prize, a prestigious economics award that has the biggest payout (£250,000, or about $400,000) after the Nobel …
Why Portugal May Be the Next Greece
The worst is over for the euro zone, the experts say. But Greece isn’t really fixed and Portugal could become a second big problem before year-end
Is Germany’s Euro Crisis Strategy Actually Working?
I have been guilty, on many occasions, of eviscerating the strategy taken by the leaders of the euro zone to combat its dangerous debt crisis. They have routinely acted too late with too little, causing contagion to spread …
Is This Stock Market Rally for Real?
Despite all the problems facing the global economy, the average U.S. stock has doubled from its 2009 lows. So this seems like the time to ask whether share prices have run up too far, too fast.
Is America’s Economic Recovery Real?
That’s the $64,000 question, particularly for the U.S. presidential elections – if things keep improving, it’s only good news for Obama. The economy has been on a roll this year, with unemployment down, consumer and …
Can a Second Bailout Save Greece?
After months of delays, arguments and doubts, euro-zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning. The agreement will not only provide fresh financing …
What Happens if Greece Doesn’t Get a Bailout?
After the Greek Parliament on Sunday passed yet another package of austerity measures demanded by its euro-zone neighbors — this one worth $4.4 billion — the path seemed clear to finalizing a long-delayed, second bailout of …
Are We Already Planting the Seeds of the Next Financial Crisis?
Central banks are trying to revive weak economies by injecting large amounts of money. That policy helps in the short run, but easy money can also create the conditions for future booms and busts.
Europe’s Debt Crisis: Back from the Brink?
So it looks like Greece will dodge a default, at least for now. The Greek parliament passed a new $4.4 billion austerity package on Sunday, which includes a painful 22% cut in the minimum wage and 150,000 public sector job …
Why the Greek Bailout Doesn’t Change Much of Anything
Thursday’s deal is supposed to allow Greece to avoid default and prevent the Eurozone from breaking up – but the deal isn’t final, it can’t work, and the real problems lie elsewhere.
TIME’s Interview With Italian Prime Minister Mario Monti
This week’s edition of TIME International features an interview with Italian Prime Minister Mario Monti (subscribers can read the story here). In the mean time, check out our video interview with Italy’s new leader.