Europe

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Paul Krugman: Europe's Got a Hole in the Bucket'
 Europe's 
 Got a 'Hole 
 in Its Bucket' 
paul krugman
Oct 24, 2011 12:51 PM CDT

Europe's Got a 'Hole in Its Bucket'

Eurozone countries face self-perpetuating crisis: Krugman

(Newser) - The euro crisis is dire indeed—but Paul Krugman can’t help seeing the gallows humor in it. “As one rescue plan after another falls flat, Europe’s Very Serious People just keep looking more and more ridiculous,” he writes in the New York Times . The core of...

Belgium Bails Out Failing Dexia
 Belgium Bails Out Failing Dexia 
Oct 10, 2011 9:01 AM CDT

Belgium Bails Out Failing Dexia

Belgian division to be nationalized; Belgium, France offer guarantees

(Newser) - Leading Franco-Belgian bank Dexia has agreed to a government rescue plan—making it "the biggest euro zone bank failure in quite some time," one analyst tells the New York Times . The plan will nationalize Dexia's Belgian banking division in a $5.4 billion government buyout; meanwhile, Belgium,...

Putin: Time for 'Eurasian Union'

'Economic and currency' alliance wouldn't be new USSR: prime minister

(Newser) - Russia’s former—and likely next —president wants to join former Soviet countries in a “Eurasian Union.” The entity would be rooted in Russia’s Customs Union with Belarus and Kazakhstan, to allow labor, capital, and trade to flow freely among the countries beginning next year, Reuters...

Germany OKs Expanded Bailout
 Germany OKs Expanded Bailout 
Sep 29, 2011 7:40 AM CDT

Germany OKs Expanded Bailout

Merkel gets her win; move designed to shore up euro zone

(Newser) - German lawmakers have cleared the way for an expansion of the size and powers of the euro zone bailout fund, in a major step toward tackling the bloc's sprawling sovereign debt crisis. A clear majority of lawmakers in Germany's lower house of parliament voted today in favor of...

Deadly TB Coursing Through Europe

Thousands will die unless authorities step in: WHO

(Newser) - Ominous news from WHO: Incredibly drug-resistant forms of tuberculosis are coursing through Europe, and will kill tens of thousands unless health officials intervene. WHO's regional director blamed the resurgence on complacency, noted that the disease "is evolving with a vengeance," and announced the creation of a plan...

40% of Europeans Are Mentally Ill
 40% of Europeans 
 Are Mentally Ill 
STUDY SAYS
Sep 5, 2011 6:03 AM CDT

40% of Europeans Are Mentally Ill

Depression, dementia, alcoholism, and strokes lead the way

(Newser) - Nearly 165 million Europeans—about 38%—suffer from depression, anxiety, insomnia, dementia, or other mental and neurological illnesses, according to a new study. And with less than a third of those getting the treatment they need, Reuters reports that these illnesses are costing Europe hundreds of billions of euros each...

Europe's Economy Teeters, Leaders Go on Holiday

Summer vacations send 'terrible signal to the markets'

(Newser) - Europeans have always treasured their long summer vacations, and that goes for their leaders as well. As the European economy teeters on the precipice, Nicolas Sarkozy is by the Mediterranean in his swimming trunks. His prime minister is vacationing in Tuscany. British Chancellor George Osborne is in California, where he...

Oo la la: C&#39;est la McBaguette!
 Oo la la: C'est la McBaguette 
Jul 29, 2011 3:00 AM CDT

Oo la la: C'est la McBaguette

Mickey D courts the French

(Newser) - Oh, well, isn't McDonald's just getting très chic? We knew about the fast-food resturant's precious demi-tasse cups of coffee, and now it's about to serve ... baguettes to the French. Still sticking sort of true to its roots, though, Mickey D's is calling the haute...

We Might Be Doomed, Debt Deal or Not
We Might Be Doomed,
Debt Deal or Not
paul krugman
Jul 22, 2011 12:45 PM CDT

We Might Be Doomed, Debt Deal or Not

Paul Krugman: Focus on 'deficit panic' could be disastrous

(Newser) - So Greece has a bailout deal , and the US is maybe closing in on its own agreement to avoid a default. Cause for celebration? More like depression, writes Paul Krugman. Or, as he puts it in the New York Times , a "Lesser Depression." Policy-makers might "manage to...

8 Banks in Europe Fail Stress Tests
8 Banks in Europe
Fail Stress Tests
Jul 15, 2011 12:04 PM CDT

8 Banks in Europe Fail Stress Tests

Another 16 just barely passed

(Newser) - Eight of 90 banks have flunked stress tests that project how they would fare in another recession, and 16 more barely passed, Europe's banking regulator said today. The failing banks should "promptly" take steps to strengthen their financial cushions against losses, the European Banking Authority said as it...

Debt Crisis Could Slam Italy Next: Officials

European council calls emergency meeting

(Newser) - Top European officials scheduled a last-minute meeting today amid fears Italy would be the next country hit hard by the euro zone debt crisis. Though a rep for the European Council president says Italy isn’t on the agenda, other officials privately contradict him. Last Friday saw a 2.45%...

Latest Culprit in E. coli Crisis: Egyptian Seeds

And contaminated ones may still be out there: officials

(Newser) - A new culprit has emerged in the deadliest E. coli outbreak in recorded history: Egyptian fenugreek seeds. Experts had already tracked the crisis to sprouts ; now, “tracing back is progressing and has thus far shown that fenugreek seeds imported from Egypt either in 2009 and/or 2010 are implicated” in...

Deadly E. Coli Outbreak Is New Strain: WHO

Mutant form has never been seen before

(Newser) - The deadly outbreak of E. coli that has killed 18 in Europe so far is a new, never-before-seen strain of the bacteria, the World Health Organization said today. It looks to be a mutant strain formed by two different types of E. coli bacteria, which could be why the outbreak...

16 Dead as Europe's E. Coli Outbreak Spreads

Hard-hit Germany blames cucumbers from Spain

(Newser) - A deadly E. coli outbreak in Europe linked to tainted cucumbers and other vegetables is getting worse, report the Wall Street Journal and AP :
  • The toll: Sixteen people are dead (15 in Germany and one woman in Sweden who had just traveled to Germany); more than 1,000 people are
...

Obama: Poland Is Model for Arab Spring

President also back move to ease visa rules for Poles

(Newser) - President Obama wrapped up his Europe trip today with a stop in Poland, where he called the nation's transition to democracy a model for the Arab world. “Poland has navigated that process as well as any country in recent history,” said the president, who added that he...

Strauss-Kahn Saga Would Make Great Movie

Would tell the tale of 'crisis of European dream': Ross Douthat

(Newser) - Dominique Strauss-Kahn’s story might seem like Law & Order fodder, but it would actually make for a “sprawling, complex, kaleidoscope-of-globalization” movie—something along the lines of Traffic or Babel, writes Ross Douthat, who summarizes the plot as he sees it in the New York Times . It would tell...

Millions in Europe, Asia Face 'Unmapped' Quake Risk

'Interior zone' earthquakes can be the deadliest

(Newser) - We’re well aware of longstanding earthquake risks in places like California and Japan. But Europe, the Middle East, and Asia face potentially deadlier threats—and it’s time for scientists to take action, researchers say. So-called “interior zone” earthquakes have killed 1.4 million in the past century,...

To Lower Cancer Risk, Stop Drinking So Much
 To Cut Cancer Risk, 
 Stop Drinking So Much 
study says
Apr 8, 2011 10:43 AM CDT

To Cut Cancer Risk, Stop Drinking So Much

Sticking to advised limits would prevent thousands of cases

(Newser) - Drinking leads to at least 13,000 cases of cancer in Britain each year, a study finds—and thousands could be avoided if people would stick to alcohol guidelines. That UK-centric finding comes from a study that examined the tie between diet and cancer in eight European countries. Researchers discovered...

'Serious' Hack Strikes EU on Eve of Summit

It's 'a big one,' but officials mum on details

(Newser) - The EU government was hit with a “serious” cyberattack the day before a summit in Brussels. “We're often hit by cyberattacks, but this is a big one,” said an insider. Officials didn’t provide details of the attack, which targeted the European Commission and the EU’s...

Daniel Hannan: Member of European Parliament Warns the US Is Becoming Too Much Like Europe
 European Politician to US: 
 Don't Be Like Us
OPINION
Mar 12, 2011 12:59 PM CST

European Politician to US: Don't Be Like Us

Parliament member thinks America becoming too much like Europe

(Newser) - Barack Obama isn't a socialist as some of his critics like to say, but he's definitely a "Eurocrat," writes Daniel Hannan. And he should know—he's been a member of the European Parliament for 11 years. In a Wall Street Journal op-ed, he argues that Obama is trying...

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