Euro Crisis
latest news & developmentsGreece votes on budget to unlock aid
Greece is expected to approve a 2013 budget on Sunday that includes unpopular spending cuts and tax hikes so it can receive an aid payment.
ECB’s Honohan says bond plan will silence doubters
The European Central Bank’s bond buying scheme will win over Germany’s Bundesbank, says the bailout recipient’s representative on the bank’s board.
No rest for debt weary Greeks
The Greek government has been ordered to implement draconian measures to reform the labour market by introducing a six-day working week.
Finnish and klaar with the euro
Euroscepticism stalks Finland, the only country in the monetary union that has a stable rating.
Bankers happy to play Nero as Europe burns
While Rome burned, Nero put on fancy dress, stood on a tower and played his lyre, writes Simon Jenkins.
An island of calm in the euro storm
Not joining the union has paid off for the Swiss, although tough times are ahead for them too, writes Lisa Steyn.
Aid to Africa dwindles as euro crisis rages on
Figures from the advocacy group One indicated that Europe had failed to meet pledges made at the Gleneagles G8 summit in 2005.
Another week, another euro summit
Every ‘grand bargain’ so far has failed to acknowledge the deep-seated imbalance between Germany and everyone else in the single currency.
It gets worse: SA economy headed for troubled waters
The summer of the EU’s 2012 meltdown will signal SA’s winter of discontent as an economic crisis looks set to play out with devastating consequences.
Europe’s leaders face testing month of crisis-fighting
TS Eliot said that April was the cruellest month, but for Europe’s leaders, it may prove to be June.
Europe’s leaders urged to opt for growth
Europe’s leaders met on Wednesday for crisis talks to rescue the euro amid a warning from the West’s leading economic think-tank.
Bully boys rally to keep euro intact
The European Union plays on fears to keep countries such as Greece from leaving the single currency, writes Seumas Milne.
If eurobonds sound good, why is Merkel playing deaf?
Eurobonds are being touted as a possible solution for the euro crisis. The Guardian answers a few questions about them.
Cobbling a coalition? Greek president pushes to avert poll
Greece’s president met party leaders on Sunday in a final bid to cobble together a coalition and avert a repeat election.
Spain on the brink with unemployment rise, downgrade
Spain’s economic woes has deepened alarmingly as the government revealed that unemployment rose to nearly 25%.