European Crisis

Eurozone turning corner slowly: Schäuble

Germany's finance minister says political crises slowing progress, pain still ahead.

EU plans new economic summit

by AFP
EU leaders to meet in october to discuss new way to boost jobs and economic growth.

The sublime irony of Draghi's dilemma

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ECB president Mario Draghi has the power to move European economies, but the policies he advocates also stall the chances of a genuine, sustainable recovery.

French unemployment hits new high

by AFP
Unemployment data offer fresh blow for embattled President Francois Hollande.

Sanction-hit Russian economy slows

by AFP
Local officials warn Russian economy now flirting with recession.

Crisis du jour: why French ministers are saying au revoir to Hollande’s agenda

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Francois Hollande’s austerity measures and government overhauls are creating a deep chasm through the French political landscape that some believe he will not be able to recover from.

ECB's Draghi signals departure from austerity focus

Central bank president maintains 'more stimulus if needed' stance.

Euro zone business growth slows

Weakening factory output slows in August for major economies France and Germany.

There's only one cure for the eurozone's terminal disease

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Anaemic growth rates in the eurozone are having a deleterious effect on debt levels, making it near impossible for countries to turn their finances around. There is a solution, but it's a politically messy one.

Hollande sticks to growth plan

French govt will continue on current path despite lack of growth this year.

Europe's malaise: The new normal?

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Germany needs to help pull Europe out of its current economic quagmire or the continent will be left treading water in a sea of unemployment and poor growth.

Europe faces a new bank crisis

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In this interview with Alan Kohler, Paul Schulte of SGI Research warns that major European banks are in danger of another debt implosion.

Dangerous omens in Deutsche Bank's tumbling shares

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The market is worried Deutsche Bank could soon run into difficulties, and that may mean dramatic ripple effects in the eurozone and broader global economy.

The world must inflate or bust; Australia mustn't join in

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Central banks around the globe are desperately trying to inflate the world's excessive debt away, but for Australia, it would be more damaging in the long term to take part in this inflation race.

UK recovery 'more than half way'

by AFP
Bank of England boss says rate hikes will be limited despite growing strength of economy.

Europe's recovery takes a backwards step

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Disappointing GDP figures highlight just how long it will take for weaker economies to get back to their pre-crisis peaks. In fact, some may not ever get there.

The calm before the eurozone storm

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The ECB's implicit guarantee of a bailout may have calmed the euro crisis temporarily, but it has also caused governments to become complacent with their reform agenda.

A potential sticking point for the UK recovery

The BoE may have upgraded its UK economic outlook but with households a key driver of recovery it’s unlikely to touch rates until slow wage growth and lagging productivity improve.

Growth momentum has slowed: Draghi

by AFP
ECB president Mario Draghi warns eurozone recovery may already be faltering.

Italy can't blame its recession on the GFC

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The Italian economy was sluggish even before the onset of the GFC. Now a persistent productivity crisis threatens to derail recovery further as the nation slides yet again into recession.

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