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Tag: Germany

Greek PM Takes Debt Crisis Talks to Paris

Greek PM Takes Debt Crisis Talks to Paris

Greek Prime Minister Antonis Samaras headed to Paris Saturday on the second leg of a trip to try and win more time for his country to meet a deadline to slash billions of euros (dollars) from its budget. Samaras was

Farmers Market Workers Don't Like 'You Didn't Build That'

Farmers Market Workers Don't Like 'You Didn't Build That'

When pundits likened Barack Obama’s socialist intentions to Adolf Hitler’s, leftist critics lampooned the comparisons as partisan attacks that were hilariously extreme. But now Obama’s deathless comment “If you got a business, you didn’t build that” has opened the eyes

Investors Pay to Lend Money to EFSF Bailout Fund

Investors Pay to Lend Money to EFSF Bailout Fund

Investors accepted negative interest rates again to lend money to the EU’s bailout fund on Tuesday, according to the German central bank, which managed the issue. The Bundesbank said in a statement that the European Financial Stability Facility placed 1.499

European Stocks Slide with Focus Back on Eurozone

European Stocks Slide with Focus Back on Eurozone

European stock markets were mostly softer on Monday and the euro fell back against the dollar as markets focused on the eurozone after the ECB termed a report on mooted bond purchases “misleading.” In afternoon trading, London’s FTSE 100 index

World View: Anti-Japanese Nationalist Riots Erupt in China

World View: Anti-Japanese Nationalist Riots Erupt in China

This morning’s key headlines from GenerationalDynamics.com Anti-Japanese nationalist riots erupt in cities across China California hopes to stop bankruptcies by anticipating bankruptcy Real-money bets on poker, slots and other Vegas games coming to iPhones Credibly charged serial rapist Julian Assange

Usain Bolt Won't Run in UK Until Taxes Lowered

Usain Bolt Won't Run in UK Until Taxes Lowered

The fastest man in the world says he won’t race in Britain until the tax laws are changed. Usain Bolt, who won three gold medals in the London Olympic Games racing in the 100 m, 200m and 4x100m relay, says the taxes

Greece Holds Biggest Debt Sale in Two Years

Greece Holds Biggest Debt Sale in Two Years

By NICHOLAS PAPHITISAssociated PressATHENS, GreeceGreece held its biggest debt sale since its economy imploded two years ago as it raised €4.06 billion ($5.01 billion) in a short-term debt to pay off a bond due next week. Athens will now avoid

Europe on Edge of Recession

Europe on Edge of Recession

By PAN PYLASAssociated PressLONDONEurope is edging closer to recession, dragged down by the crippling debt problems of the 17-country euro bloc, official figures showed Tuesday. Eurostat, the European Union’s statistics agency, revealed that the economies of both the eurozone and

World View: Banks, Investors Prepare for Collapse of Euro

World View: Banks, Investors Prepare for Collapse of Euro

This morning’s key headlines from GenerationalDynamics.com Syrian anti-government rebels say they shot down a fighter jet Analysis: Finding a Global Solution to the Syrian Crisis Planned Saudi industrial city excludes mixed gender workers Greece continues downward spiral as economy contracts

Investors Pay Again to Lend Germany Money

Investors Pay Again to Lend Germany Money

Investors paid to lend Germany money for six months at a debt auction on Monday, the country’s central bank said, as they continue to scramble for the safe haven of Europe’s top economy. The yield, or rate of return, at

Actors Who Served: David Niven

Actors Who Served: David Niven

Pop culture watchers may recall David Niven as an Oscar-winning actor famous for such movies as “Around the World in 80 Days” and “The Pink Panther.” History should also remember him for his service with the military in his native

Spain's Borrowing Costs Soar on ECB Warning

Spain's Borrowing Costs Soar on ECB Warning

(AP) Spain’s borrowing costs soar on ECB warningCIARAN GILESAssociated PressMADRIDSpain’s borrowing costs stayed high Friday as investors showed their disappointment with the European Central Bank’s warning that it would only help the country if it applied for rescue aid. The

Obama to EU: Get Your Finances in Order

Obama to EU: Get Your Finances in Order

President Obama is pressuring members of the EU to find a way to salvage the economies of debt-ridden member nations and save the euro. In telephone conversations with French President Francois Hollande, Obama encouraged “decisive action,” according to Reuters.  Reuters

Repeat: Fed could be moving to more bond buying

Repeat: Fed could be moving to more bond buying

(AP) Fed could be moving to more bond buyingBy MARTIN CRUTSINGERAP Economics WriterWASHINGTONThe Federal Reserve appears to be moving toward announcing some new step to try to energize the troubled U.S. economy. The question is whether it will do so

Eurozone Unemployment at Record High in June

Eurozone Unemployment at Record High in June

(AP) Eurozone unemployment at record high in JuneBy PAN PYLASLONDONThe number of people unemployed across the 17 countries that use the euro hit a record high in June, official figures showed Tuesday, in a stark reminder that Europe’s debt crisis

The Olympics: The Good, the Bad, and the Ugly

The Olympics: The Good, the Bad, and the Ugly

The Games have begun, in more ways than one. The opening ceremonies were broadcast on Friday evening. They began with forty-minutes of a British extravaganza that included dancing, fireworks and Mary Poppins (along with the Queen) dropping from the sky.

Merkel, Monti: will do all to protect eurozone

Merkel, Monti: will do all to protect eurozone

(AP) Merkel, Monti: will do all to protect eurozoneBy GEIR MOULSONAssociated PressBERLIN The German and Italian leaders have pledged to do everything to protect the eurozone, adding to a string of assurances over recent days that Europe is determined to

Spain Seeks French Support as Eurozone Crisis Deepens

Spain Seeks French Support as Eurozone Crisis Deepens

Beleaguered Spain sought French support in the face of its soaring borrowing costs Wednesday as Europe’s economic crisis deepened with a slump in German confidence and worsening British recession. After talks in Berlin Tuesday, Spanish Finance Minister Luis de Guindos

European Economic Downturn Gathers Pace

European Economic Downturn Gathers Pace

By ROBERT BARRAssociated PressLONDONAny hopes for recovery for Europe’s faltering economies suffered a series of blows Wednesday following the latest round of bad news from the debt-ridden region. Official figures showed Britain, which does not use the euro and has

World View: Syrian Regime Bombs Civilians with Russian Jets

World View: Syrian Regime Bombs Civilians with Russian Jets

This morning’s key headlines from GenerationalDynamics.com Syria’s envoy to Cyprus defects as regime continues assault on civilians In dramatic escalation, Syrian regime bombs civilians with Russian jets China establishes Sansha City in the South China Sea Taiwan ready for military

World View: IMF Will End Bailout for Greece

World View: IMF Will End Bailout for Greece

This morning’s key headlines from GenerationalDynamics.com Food price surge expected after worst U.S. drought in 50 years Food price surge may lead to global riots, as in 2008 IMF will end bailout for Greece, possibly forcing exit from euro currency

Global economy in worst shape since 2009

Global economy in worst shape since 2009

(AP) Global economy in worst shape since 2009By PAUL WISEMANAP Economics WriterWASHINGTONThe global economy is in the worst shape since the dark days of 2009. Six of the 17 countries that use the euro currency are in recession. The U.S.