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Current Europe News Today

Another reason Europe’s in crisis? A high oil bill
Why did Europe go from bad to total horrific panic in the last year? There are all sorts of theories: weak growth, the impact of austerity, missteps by central bank bureaucrats. But here’s another scapegoat offered up by the International Energy Agency: Europe’s soaring oil bill. Read full article >>

Thu, 24 May 2012 11:18:27 -0700

Europe: The North vs. the South...The New Civil War?
It's common knowledge that Europe is mired in an economic slump of significant global importance. Equally important is the path their leaders adopt to place the EU on solid financial footing. Although one cause of this malaise is the junk-debt exported from the U.S. during the financial crisis, there is much more to the story. In fact, when you peel back the layers of the proverbial onion, you ...

Thu, 24 May 2012 07:31:02 -0700

Europe Goes Back to Plan A: Greece Has Got to Stay
The big news out of Europe yesterday was a rush to plan B: Greece's exit from the eurozone. Investors were betting on it with their money and European politicians were preparing for it with their contingency plans. But today, almost in unison, the markets and the politicians are swinging the pendulum in the other direction. 

Thu, 24 May 2012 15:09:53 -0700

Europe's slump deepens; U.S., China lose momentum
LONDON/NEW YORK (Reuters) - The shadows over the global economy darkened on Thursday as the euro zone's private sector contracted, U.S. manufacturing growth slowed and China's once-booming factories faltered. In Europe, a downturn that started in smaller states on the euro zone's periphery is now taking root in the core countries of Germany and France, where tepid growth had been the main ...

Thu, 24 May 2012 10:10:48 -0700

MasterCard loses card fee challenge, Visa Europe next
LUXEMBOURG (Reuters) - Mastercard lost a challenge to an EU ban on its cross-border card fees in a ruling that puts rival Visa Europe squarely in the sights of European regulators over its charges. Europe's second-highest court on Thursday upheld a 2007 decision by the European Commission which was triggered by retailers' gripes about the world's second-largest credit and debit card network. ...

Thu, 24 May 2012 07:51:03 -0700

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