(CNN) Day one of Europe’s brave new future didn’t go terribly well. On Tuesday, new Members of the European Parliament (MEPs) took their seats for the first time since a dramatic set of elections in May shook up the status quo. As the new-look parliament stood for the iconic melody …
Eurozone finance ministers gather in Bucharest on Friday, with Greece at the top of the agenda. For many years the most troubled member of the single currency, Greece faced a debt nightmare following the 2009 financial crisis. Sharp rises in public sector wages combined with a host of problems resulted …
Last week the International Monetary Fund, whose normal role is that of stern disciplinarian to spendthrift governments, gave the United States some unusual advice. “Lighten up,” urged the fund. “Enjoy life! Seize the day!” O.K., fund officials didn’t use quite those words, but they came close, with an article in …
“You have consequences on growth, you have consequences on trade and you have consequences on financial markets… You can certainly assume it would be quite messy.” CHRISTINE LAGARDE, IMF chief, regarding the possibility of Greece leaving the eurozone, and its potential consequences via Wednesday, May. 16, 2012 – …
NEW YORK — Jeanne Thompson began going gray at 23. She colored her hair for years as she worked her way into management at a large Boston-area financial services company, then gave up the dye for good about a year ago. The earth didn’t shake, and the 44-year-old Thompson was …
PARIS — If there is one quality that unites France and Britain, it is a shared history of mutual divergence, verging on derision. And so it was instructive this past week to observe the responses on both sides of the Channel to Europe’s economic malaise spreading like a dark fog …