Spain’s Unpaid CERN Dues Collide With Business Interests NEW
One might think that being late in paying dues to a laboratory of particle physics someplace in the Alps is no big deal. One would be wrong. Take the case of Spain.
The Troika Takes Fright in Greece NEW
After four years of facing down angry protests, cantankerous unions, masked rioters and ornery Greek politicians, visiting budget inspectors got a real fright when they visited Greece’s finance ministry for the umpteenth time Tuesday: angry gov...
Signs of Improvement in Spain? Look to Prepaid Mobile Phone Cards NEW
Signs of economic improvement keep springing up in Spain. The latest: Spanish residents are recharging prepaid mobile phone cards at a faster rate than last year.
Lottery-Ticket Owner Hands in Lotto Slip Worth €4.7 Million NEW
If you lost a lottery ticket in the Spanish city of Corunna last year, you are in luck: it won a €4.7 million ($6.2 million) prize. The difference being that the unclaimed slip of paper was handed in by the owner of one of dozens of lottery shop...
Euro-Zone Unemployment Unlikely to Fall Quickly NEW
The euro zone may have emerged from recession this year, but unemployment is unlikely to fall quickly with companies less likely to hire staff in the final three months of the year than they were earlier in 2013, a survey of employers showed Tuesday.
Germany’s Euroskeptic AfD Party Gains Support NEW
As Mario Draghi and the European Central Bank’s governing council deliberated on rates in their high-rise headquarters in Frankfurt Thursday, euroskeptic political hopefuls were at their doorstep, protesting their actions to keep the euro zone...
Germans Believe Politicians Are Lying About Crisis, Says Study NEW
Only one out of 10 Germans believe that politicians are telling them the truth about the euro crisis, a recent study from a German university shows. They cast blame, however, at the entire political class, suggesting that this disheartening find migh...
Budget Cuts Bite More Than Thought, Say Portugual Economists NEW
One of the more wonkish yet relevant debates in the economic crisis has been the effect of so-called fiscal multipliers. Put in everyday language, how much do government spending cuts hurt the economy?
IMF’s Lagarde: Central Bank Tightening Must be Visible, Predictable NEW
The head of the International Monetary Fund, Christine Lagarde, said on Sunday that central banks must be careful as they exit expansive monetary policy, noting there is a huge impact from the Federal Reserve announcing plans to scale back it bond-bu...
As Europe Stuggles to Employ Young, Germany Seeks to Re-Employ Retired NEW
European leaders convene in the German capital Wednesday to discuss how to combat mass youth unemployment, a problem that Germany does not face. As unemployment in Europe's largest economy hovers near all-time lows and its working age population shri...