To free the age from its captivity,
To create a brand new world,
The discordant, tangled days
Must be linked, as with a flute.
—Osip Mandelstam, The Age (1923)
There is an air of impending disaster…
German chancellor Angela Merkel and France’s new President Francois Hollande meet to discuss Europe’s economic woes.
EPA/Rainer Jensen
Europe is in economic dire straits and the two most powerful economies on the continent are, at least on paper, led by individuals with considerable differences.
The previous French President Nicolas…
Economic policies – not credit ratings – will determine the future of the euro.
AAP
The decision by Standard and Poor’s to downgrade the debt of nine Eurozone countries last week, followed by the inevitable downgrade of the Eurozone rescue fund two days later, raises important questions…
Former EU commissioner Mario Monti will form government in Italy as Silvio Berlusconi exits.
AAP
Is the Eurozone about to crash and burn, leaving Club Med in its wake? Not so fast.
Reports have suggested that French President Nicolas Sarkozy and German Chancellor Angela Merkel have discussed a strategic…
The Greek Prime MInister is on the way out, but the new government has a lot of work still to do.
AFP/Aris Messinis
The Greek Prime Minister will resign in an effort to save the bailout deal agreed by the European Union to dig the country out of its debt crisis.
George Papandreou agreed to go following talks with the…
Is a partial default one of the steps to recovery for Greece?
AAP
Will Greece default and exit the Eurozone?
The best-case scenario is a managed, orderly, partial default with the European Financial Stability Facility (EFSF), a fund created in 2010 to manage Eurozone…
Greeks protest the austerity measures put in place during the ongoing debt crisis.
AAP
Europe is in crisis once again and this time it is deadly serious.
At stake is not only the survival of the European currency, but also of the entire integration project. Collapse of the Euro could trigger…
The only way out of this crisis is to dishonour some of the debt that is weighing down the global economy.
AAP
The dramatic falls in share prices of Greek debt-laden French banks overnight highlights just how closely tied the current market chaos is to the world’s worsening debt woes.
Market crashes like that…
