The importance of saving is so deep rooted in Germany that an exhibition recently opened to commemorate it.
European Council President Donald Tusk and Greek Prime Minister Alexis Tsipras address the press.
AP Photo/Thanassis Stavrakis
Europe is experiencing a wave of optimism that its seven-year Greek drama may be finally coming to a close. Only one way to do that: Share Greece's pain.
Before the financial crisis struck, you could breathe the overwhelming air of prosperity on the bustling streets of Trikala.
Rock and roll.
George Kerevan, Stephen Boyd and Katherine Trebeck see a world where employees are treated like just-in-time inventory.
The ranks of a 'new urban poor' in Europe are swelling.
Greece has seen a spike in poverty levels.
New research shows how the financial crisis led to a dramatic shift in poverty across Europe.
Pleading with the EU: Italian prime minister, Matteo Renzi.
The Italian banking system is on the verge of a crisis. Direct state intervention is needed to solve the problem.
The EU is fraying thanks to its puzzle of fiscal governance policies.
EU UK flag via www.shutterstock.com
The European Union faces a crisis of legitimacy, and its rules on fiscal governance are at the heart of it.
A lack of constructive critique of the EU’s failings is giving rise to widespread European populism and dissent.
Europe at the moment is divided into two stark responses to the EU – exit or remain. A third, better option would be to stay, but challenge and change it from within.
Cyprus is successfully exiting its bailout at the end of March after three years.
Image sourced from www.shutterstock.com
A timeline of 15 important events in the Eurozone's economic history.
Protestors took to the streets in Brussels to send a message.
New research shows texting combined with rising levels of youth unemployment were primary drivers of the unrest that has unsettled Europe.
Reuters / Rafael Marchante
Like Greece and Spain, Portugal endured a bailout and austerity. But it has not seen the rise of a Syriza or Podemos equivalent.
Hamilton is shown whispering into Ben Franklin’s ear in Howard Chandler Christy’s depiction of the signing of the Constitution.
Alexander Hamilton and the policies he pursued as America's first treasury secretary set the US on a course of national unity. That’s just what Europe needs today.
How to explain Greece’s bailout puzzle?
Greece puzzle via www.shutterstock.com
No one seems to really believe the latest bailout plan will work without debt relief. But the only way to get Greece to adopt essential reforms is to pretend it isn't in the cards.
Will Greece’s asset fund turn into an investing piggy bank or another lost opportunity?
Piggie bank via www.shutterstock.com
Greece must sell €50 billion worth of government assets as part of its latest bailout. It could very well go wrong.
Since the 1990s, the EU has been less about social integration and more about neo-liberal values.
Unfortunately, the eurozone doesn’t exactly fit together like a puzzle.
Euro puzzle via www.shutterstock.com
The last-minute bailout deal will keep Greece in the common currency, but at a cost of the dream that was the euro.
Greek"No" supporters celebrate referendum results.
The media predictions are dire, but the reality of the Greek monetary crisis may be less sensational.
Greece’s gross domestic product, shown here in 2010 constant dollars, has plunged since 2008.
RED St. Louis Federal Reserve Bank and Hellenic Statistical Authority
On Sunday, the citizens of Greece voted No on the country’s referendum to accept a package of money in exchange for further austerity measures. Now what? Every armchair economist from Iowa to the Aegean…