Greece's decision to call a second, anti-austerity election has taken the country one-step closer to a dangerous exit from the eurozone. Below we sketch out how the process might unfold. full story ![]()
Submitted by Charles Hugh-Smith of OfTwoMinds blog, The Eurozone is not a debt crisis that is "fixed," it is a debt crisis waiting to implode. The happy-talk that the Eurozone debt crisis has been resolved is ubiquitous. But when did ubiquitous happy-talk make it correct? Since the crisis is about debt--too much of it, and too much of it cannot and will not be paid...
zerohedge.com (3 months and 5 days ago)

The eurozone's debt crisis strategy is in chaos after anti-austerity parties appeared on track to win a majority of seats in the Italian parliament.
telegraph.co.uk (2 months and 24 days ago)

Europeans shares fall ease as Wall Street opens higher but fears remain that political uncertainty in Italy will reignite the eurozone's debt crisis.
telegraph.co.uk (2 months and 23 days ago)

Markets in Asia and America took a turn for the worse overnight, and European bourses are predicted to slide, after no political group won a clear majority in Italy's election, provoking fears that the deadlock will reignite the eurozone's debt crisis.
telegraph.co.uk (2 months and 23 days ago)

Why has the world's premiere deficit-reduction laboratory produced such a dismal failure? European leadership still expects the painful über austerity measures imposed on Greece to result in a dramatic improvement of its debt to GDP ratio. But the experiment in endurance is not succeeding for an important reason: Austerity programs have been rooted in myths about what caused...
huffingtonpost.com (2 months and 29 days ago)

There is a strong case for Germany to make a definitive choice whether to accept eurobonds or to leave the euro• The speech in fullThe euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the...
guardian.co.uk (1 month and 9 days ago)
The true cost of the eurozone debt crisis was laid bare yesterday, when the number of out-of-work citizens in the...
thetimes.co.uk (1 month and 16 days ago)

Over the last few months, Europe seemed to be proving its doubters wrong. Thanks to a timely intervention by European Central Bank President Mario Draghi in mid-2012, yields on Spanish and Italian bonds, which had been spiking towards levels that threatened to topple them into costly bailouts, had receded to more tolerable levels and calm was restored to jittery financial...
time.com (2 months and 23 days ago)
FEARS were raised last night of another debt crisis in the eurozone after Italy appeared to be heading towards stalemate in its general election.
dailyexpress.co.uk (2 months and 23 days ago)

The latest drama in the eurozone marks a watershedIn Europe's 40-month struggle to save its currency from crashing banks, fiscal incontinence and ballooning debt, this weekend's drama in Nicosia and Brussels marks a watershed. In many ways.Never before have bank account holders seen their savings raided to help finance a bailout. Never before have a country's banks had to be...
guardian.co.uk (1 month and 26 days ago)
WVU earns No. 3 seed for Big 12 baseball...
Gazette state baseball ratings -- May 20
Buffalo, Hurricane representing Putnam...
Taylor Swift sweeps the Billboard Music...
Truck fire kills 3 in SW China
Official restates need for tourists'...
Josh Powell: Soldier, 18, dies after car...
The Sex Messiah who tried to get the...
Cop who 'came back from the dead' after...
Parents of British girl, 5, who drown in...
DealBook: Cohen Gets Subpoena in SAC...
Australia's Suncorp may sell non-core...
Asia Markets: Japan, Hong Kong stocks...
Suncorp Mulls Selling 'Non-Core' Bank
China ‘hard-landing’ trades revisited
Yahoo's board OKs buying Tumblr for $1.1...
Grizzlies in familiar spot after 105-83...
Cedric Golden: Spurs' depth makes the...
Washington Township baseball rolls to...
Tour of California: Asian cycling team...
An Emotional Swing for Wigan Athletic
Taylor Swift wins 8 trophies at...
Afrojack, Calvin Harris Shake New York...
Jennifer Nettles Shows Off Slim,...
Kesha Nearly Flashes Butt at Billboard...
The kingfisher dived into the pond and grabbed an unsuspecting minnow from the water.
One of Australia's most recognisable actors, Penne Hackforth-Jones, has died at the age of 64...