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Putin Keeps Merkel Waiting in Milan
MILAN—Russian President Vladimir Putin’s diplomatic blitz on Ukraine got off to a rocky start Thursday when he kept German Chancellor Angela Merkel waiting for a meeting then showed up in the middle of...
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European Central Bank Test Aims to Strengthen Economy
FRANKFURT, Germany—The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe’s 130 biggest banks, a key part of the region’s effort to recover from...
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Spain Passes “Stress Test” of the European Central Bank
MADRID—On October 26 2014, the European Central Bank (ECB) published its overall evaluation that reveals “the financial health of 130 European banks in the Eurozone, including Lithuania,” covering 82...
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Euro Inflation Creeps Up, ECB Still Under Pressure
FRANKFURT, Germany—Inflation crept higher in the 18 countries that use the euro in October — but the rise to an annual 0.4 percent offered little relief to the European Central Bank as it tries to...
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US–EU Free Trade Agreement Debated in Europe
BRUSSELS—The Transatlantic Trade and Investment Partnership (TTIP) could be finalized as early as the end of this year, creating a free trade zone between the United States and the EU. The European...
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Europe’s Crisis Driving History
Video Transcript David Judson: Hi. I’m David Judson, editor-in-chief at Stratfor. With me today is George Friedman, Stratfor’s founder and chairman. Thank you for making some time, George. George...
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Immigrant Crisis Exposes What’s Wrong With Europe’s Economy
NEW YORK—The millions of refugees pouring into Europe should prove a boon to its slow-growing economies. However, with unemployment so high in austerity-burdened Mediterranean states, German eagerness...
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Is Portugal a Poster Child for Austerity?
Austerity works. That’s the message of Pedro Passos Coelho, the Portuguese prime minister, to voters. After three years of recession, Portugal registered a return to growth of 0.9 percent in 2014,...
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Austerity: Portugal Is on a Different Path to Greece and Spain—Here’s Why
There is an air of calm in Portugal. Like Greece and Spain, Portugal was bailed out by international creditors and underwent austerity measures that included tax hikes and salary cuts across the public...
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As Syrian Refugee Crisis Spreads to Europe, Lessons From Turkey
In the first week of September, the Syrian refugee crisis finally came to Western Europe. Thousands of refugees who had been bottled up in Hungary started heading for the Austrian border, on trains, IN...
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Europe’s Allure: Investors Pour Billions Into the Continent
NEW YORK—Europe has been a land of disappointment for years for investors. And they can’t get enough of it. Investors are so hot for the continent that made “debt crisis” and “austerity” everyday terms...
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Seeing Eurozone Events Through the Lens of the Global Financial Crisis
Some 75 years in the making, the eurozone as it currently exists has generally succeeded in its aims of establishing shared institutions, political constraints and economic benefits: a single currency,...
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Greece Will Overcome Its Financial Crisis, Says Greek Consul General Georgios...
Mark Twain’s immortal words, “The reports of my death have been greatly exaggerated,” came to my mind the minute I heard the first sentences of Greek Consul General Georgios Iliopoulos during an...
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Ex-Bank of England Chief Says Euro a ‘Very Serious Problem’
LONDON—The European single currency is a serious problem for Britain whether or not the country leaves the European Union, a former governor of the Bank of England said Sunday. Mervyn King said that...
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Eurozone Economy Regains Size of 2008 but Remains Shaky
LONDON—It’s been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis. The 19-country currency union, which as a bloc is the...
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EU Leaders Look at 6 Months for Rebuilding EU Dream
BRATISLAVA, Slovakia—With policy splits among European Union countries putting their bloc under existential threat, national leaders agreed Friday on a six-month time table to come up with solutions...
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