NewsTrust - European Union - Most Recent Stories: Opinion (Mainstream)

Europe’s rush to austerity will have severe consequences.

Sun, 13 May 2012 00:00:00 -0700

Slate - By Joseph E. Stiglitz - May. 13 (Opinion) - This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders of private financial institutions, reiterated the current mantra: The crisis countries have to get their houses in order,...

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Those Revolting Europeans

Sun, 06 May 2012 00:00:00 -0700

New York Times - By Paul Krugman - May. 06 (Opinion) - The French are revolting. The Greeks, too. And it's about time.

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Hey, Not So Fast on European Austerity

Sat, 28 Apr 2012 00:00:00 -0700

New York Times - By Christina Romer - Apr. 28 (Opinion) - The core of a sensible approach to Europe’s is to pass needed budget measures now, but to phase in actual tax increases and spending cuts gradually — as economies recover.

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Fair Game: W.T.O. and Barriers to Financial Change

Sat, 17 Mar 2012 00:00:00 -0700

New York Times - By Gretchen Morgenson - Mar. 17 (Opinion) - The battle to remake the financial markets faces new obstacles in — of all places — the World Trade Organization. Even now, after all we’ve been through, something is still wrong with Wall Street. That’s the takeaway from the extraordinary — and extraordinarily public — resignation of Greg Smith from Goldman Sachs last week. His criticism of Goldman, made in an Op-Ed article in The New York Times, suggested that some of the business practices and inherent conflicts in the financial industry are as troubling today as they were before all of those taxpayer bailouts.

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Op-Ed Columnist: In Athens, Austerity’s Ugliness

Wed, 07 Mar 2012 00:00:00 -0800

New York Times - By Nicholas D. Kristof - Mar. 07 (Opinion) - The effects of slashed budgets in Greece, without much in the way other reforms, are leaving a sense of doom.

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Op-Ed Columnist: What Ails Europe?

Sun, 26 Feb 2012 00:00:00 -0800

New York Times - By Paul Krugman - Feb. 26 (Opinion) - The two common explanations — call it the Republican narrative and the German narrative — are just wrong.

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This Is America's Moment, If Washington Doesn't Blow It

Thu, 19 Jan 2012 00:00:00 -0800

Forbes - By Joel Kotkin - Jan. 19 - The vast majority of Americans believe the country is heading in the wrong direction, and, according to a 2011 Pew Survey, close to a majority feel that China has already surpassed the U.S. as an economic power.

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Egypt’s Obstructionist Generals

Fri, 30 Dec 2011 05:00:00 -0800

New York Times - Dec. 30 (Opinion) - Egypt’s military council continues to demonstrate its utter contempt for the citizens who risked their lives to end President Hosni Mubarak’s authoritarian rule. In the latest outrage, security forces on Thursday shut down three American-financed democra

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Our leadership is dire, but we mustn't despise government | Jeffrey Sachs

Sat, 17 Dec 2011 00:00:00 -0800

The Guardian - By Jeffrey Sachs, The Guardian - Dec. 17 - Our leaderships, in thrall to big business, are failing in so many places all at the same time. But we can't give up on them The year 2011 will be remembered as the year of failed summits. Governments proved themselves time and again to be failures at addressing the growing crises engulfing the world, whether the eurozone debacle, climate change, or budget politics in the US and Europe. Next year is likely to be worse, as electoral politics will further impede decision-making in the US, France and several other countries. Why should governance be so poor in so many places at the same time? There are several factors at play. Globalisation has undermined the manufacturing base of most of the high-income economies, costing millions of jobs and leading to stagnant or falling living standards for a large part of the workforce, especially those with basic skills and modest education attainment. The US has lost around 8-9 million manufacturing jobs since the peak in that sector in 1979, just as ...

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David Cameron’s move to save the City, not the euro

Mon, 12 Dec 2011 00:00:00 -0800

Washington Post - By Anne Applebaum - Dec. 12 (Opinion) - .. no other European capital thinks quite like London, and no other European capital will think like London anytime soon.

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Climate Talks Consensus: All Countries Should Cut Greenhouse Gas Emissions--In Future

Sun, 11 Dec 2011 00:00:00 -0800

Scientific American - Dec. 11 - DURBAN, South Africa--For the first time, all major nations--developed and developing--have agreed to a roadmap that would combat climate change by reducing greenhouse gas emissions via an "outcome with legal force" that would not come into effect before 2020. The 194 countries negotiating here also agreed that such a universal plan must be completed by 2015 at the latest. ...

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Merkel, Sarkozy seek new EU treaty to save euro

Mon, 05 Dec 2011 00:00:00 -0800

Christian Science Monitor - Dec. 05 - French President Nicolas Sarkozy said after a meeting with German Chancellor Angela Merkel that they would prefer a treaty agreed by all 27 members of the European Union but would also accept a treaty among just the 17 countries that use the euro. ...

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U.S. Senate Passes Iran Oil Sanctions as EU Blacklist Grows

Fri, 02 Dec 2011 20:51:00 -0800

Business Week - Dec. 02 - (Updates with oil settlement prices in 11th paragraph.) Dec. 2 (Bloomberg) -- The U.S. Senate took aim at the Iranian central bank in an effort to choke off oil exports, while the European Union stopped short of targeting crude as it tightened sanctions

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Germany’s Denial, Europe’s Disaster

Wed, 30 Nov 2011 02:20:53 -0800

New York Times - Nov. 30 (Opinion) - The only way to restore market confidence is with a real bailout fund financed in Europe.

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How Can Europe Possibly Save Itself?

Tue, 29 Nov 2011 00:00:00 -0800

Atlantic Monthly - By Megan McArdle - Nov. 29 (Opinion) - Well, things are getting a little gnarly in Europe. When you're down to the point of celebrating that Italy managed to place some debt at the low, low price of 7.6% . . . well, it's two for one drinks specials at the first class bar on the Titanic!

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Rural Peru gets connected | Mattia Cabitza

Mon, 28 Nov 2011 00:00:00 -0800

The Guardian - By Mattia Cabitza - Nov. 28 - More than 100 communities in rural Peru now have renewable energy and internet access, thanks to an aid programme that is being rolled out across the eight poorest nations in Latin America The connection was not of crisp video quality, but the chorus of schoolchildren from San José de Huamaní, near Ica in the south, could be heard loud and clear: "Good morning," they chanted. Hundreds of kilometres away, they were greeted with applause, through video link, by a brightly lit conference room full of Peruvian and European Union officials. They were meeting in Lima to announce the completion of an aid programme that is taking renewable energy and the internet to 130 rural communities in Peru. With funding from the EU, the Euro-Solar programme is being rolled out across the eight poorest nations of Latin America, such as Peru, at a cost of €36m ($47.6m/£30.9m). The aim is to benefit more than 300,000 people whose communities are not connected to the electricity grid. Via satellite ...

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Germany's Identity Cemented In The Euro

Fri, 25 Nov 2011 22:02:00 -0800

All Things Considered - Nov. 25 - When the euro was rolled out nearly a decade ago, it was touted as a unifying force across European cultures. Uwe Boek, a 48-year-old Berliner, has seen and embraced these changes: "It's us being Europeans in the European Union. Because the euro is money

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Boring, Cruel Euro Romantics

Mon, 21 Nov 2011 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 21 (Opinion) - There’s a word I keep hearing lately: “technocrat.” Sometimes it’s used as a term of scorn — the creators of the euro, we’re told, were technocrats who failed to take human and cultural factors into account. Sometimes it’s a term of praise: the newly installed prime ministers of Greece and Italy are described as technocrats who will rise above politics and do what needs to be done.

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Op-Ed Columnist: The Technocratic Nightmare

Fri, 18 Nov 2011 00:00:00 -0800

New York Times - By David Brooks, New York Times - Nov. 18 (Opinion) - The European Union is an attempt to build an economic and legal superstructure without a linguistic, cultural, historic and civic base. No wonder it’s in crisis.

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Op-Ed Columnist: Legends of the Fail

Thu, 10 Nov 2011 00:00:00 -0800

New York Times - By Paul Krugman - Nov. 10 (Opinion) - With Italy following Greece off a cliff, it’s hard to see how the euro can survive. Now that the euro project is on the rocks, what lessons should we draw?

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The euro crisis: Eurodoom

Wed, 02 Nov 2011 00:00:00 -0700

Economist - Nov. 02 (Editorial) - I suppose it's worth mentioning that Europe is back to crumbling before our very eyes. Late yesterday, the prime minister of Greece announced a plan to hold a referendum on the newly negotiated rescue deal. I'll let Roberto Perli, from the International Strategy and Investment Group, explain the political dynamics: Papandreou’s motives are understandable: So far the opposition has provided no support for the measures that he has been forced to push through, and he and his party have been left alone facing the public anger.

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U.S. Economy Is Five Years Into Its Own Lost Decade As Recession Appears Unavoidable

Wed, 05 Oct 2011 00:00:00 -0700

Forbes - By Agustino Fontevecchia - Oct. 05 - Despite resistance to the idea of Japanese style lost decade in the U.S., the economy has grown on average 0.7% a year since the beginning of the deleveraging cycle that started when the housing bubble began to burst, and it will be stuck at low growth rates for time to come, despite Bernanke's efforts.

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Euro Zone Death Trip - New York Times

Sun, 25 Sep 2011 19:25:20 -0700

New York Times - Sep. 25 (Opinion) - Financial TimesEuro Zone Death TripNew York TimesIs it possible to be both terrified and bored? That's how I feel about the negotiations now under way over how to respond to Europe's economic crisis, and I suspect other observers share the sentiment. On one side, Europe's situation is ...Merkel Says Greece Needs 'Barrier' Erected to Stave Off DefaultBusinessWeekMerkel: Europe's rescue fund needs to be expandedThe Associated PressGreek default would destroy faith in Europe: MerkelReutersBoston Globeall 250 news articles »

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How to save the euro

Thu, 15 Sep 2011 00:00:00 -0700

Economist - Sep. 15 (Editorial) - So grave, so menacing, so unstoppable has the euro crisis become that even rescue talk only fuels ever-rising panic. Investors have sniffed out that Europe’s leaders seem unwilling ever to do enough. Yet unless politicians act fast to persuade the world that their desire to preserve the euro is greater than the markets’ ability to bet against it, the single currency faces ruin. As credit lines gum up and outsiders plead for action, it is not just the euro that is at risk, but the future of the European Union and the health of the world economy.

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Globalization Has Role In This Double Whammy

Wed, 10 Aug 2011 00:00:00 -0700

Wall Street Journal - By Simon Nixon - Aug. 10 (Opinion) - On the face of it, there's not much to link the London riots and the latest gyrations in global markets. The wave of violence and looting that has spread across the U.K. over the past few days has been mass criminality not a protest movement. And the global stock market rout was triggered by concerns over the euro zone, U.S. government debt and the global recovery rather than anything specific to the U.K. Indeed, the markets have singled out the U.K. as a haven, its debt now cheaper to insure than that of Germany. Even so, there's a link between the two phenomena—and it is an unsettling one. Both reflect the challenges of globalization. The creation of a rules-based multi-lateral trading system has been one of the greatest triumphs of the past 65 years. But the crash and the riots are evidence of the pressure this system is coming under from above and below.

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