Eurozone

Budget Battles

  • 'Deep Recession' Ahead for Europe?

    By Howard Schneider, The Washington Post

    Europe may be slipping into a “deep and prolonged recession” as high levels of government debt, financial market turmoil and political paralysis stoke a dangerous downward cycle, the European...

  • Why Italy May Get the Boot from the Eurozone

    By David Francis

    While Italy managed to hold a successful bond auction, it did little to stave off Europe’s financial crisis that could lead to a breakup of the eurozone – or at least the exit of Italy, Greece and...

  • Twilight in Italy: A Eurozone Life Lesson

    By Jacqueline Leo

    The possibility that Italy will now bring the eurozone and the world to the brink of economic disaster makes me recall my own near-disastrous brush with Italian business culture. Twenty-five years...

  • Doubts Grow About Italy, With or Without Berlusconi

    By Knowledge Wharton, Knowledge@Wharton

    Many analysts thought that when Italian Prime Minister Silvio Berlusconi announced plans to resign, it would help to stabilize shaky bond markets spooked by Italy’s inability to deal with its...

  • Papademos Is New Greek Prime Minister

    By ASSOCIATED PRESS

    Greece's new prime minister says the country's economy faces huge problems despite major austerity efforts already made and those issues will be solved faster with unity and cooperation. Former...