Creation of euro-zone supervisor for banks is a breakthrough, but agreement contains some big (and small) loopholes
EU’s new focus on banking union is a political minefield but a financial imperative to stave off further crises
Each postponement of financial disaster in the euro zone seems likely to last for a shorter time, and the U.S. won’t be able to escape the fallout indefinitely
Europe may be relieved by the outcome of the Greek parliamentary elections, but there are still significant obstacles to overcome for Greece to remain in the euro zone
Spain’s banks received a pledge for a huge rescue package from the European Union over the weekend. But some experts believe the bailout may end up causing more pain for the Spanish government in the long run
Upcoming elections in France and elsewhere will likely show massive popular resistance to the austerity policies needed to save the common European currency
The departure of Germany would take pressure off the weaker countries, and the costs of breaking up the euro zone will have to be paid no matter who leaves
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 …
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.
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.
Cheap loans being offered by the European Central Bank to help reflate the Eurozone are encouraging some banks to boost their profits by loading up on risky bonds.
Despite its rugged alpine beauty, there are few places where the world seems more flat than Davos, Switzerland. The World Economic Forum’s grand annual conclave, set to kick off this Wednesday, draws myriad heads of state, …