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Mail & Guardian
euro crisislatest news & developments
Greece votes on budget to unlock aid

Greece 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.

Governor of the central bank of Ireland and member of the European Central Bank’s governing council Patrick Honohan.

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.

Greece is under pressure to work a six-day week.

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.

Nokia has since dived headlong into change – and is yet to surface.

Finnish and klaar with the euro

Euroscepticism stalks Finland, the only country in the monetary union that has a stable rating.

Europe’s digital euro has got off to a late start in terms of geopolitical leverage in the digital era. Photo: File

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.

Switzerland is sitting pretty as the countries around it come crashing down.

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.

Figures from the advocacy group One indicated that Europe had failed to meet pledges made at the Gleneagles G8 summit in 2005.

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.

EU leaders have hailed a eurozone breakthrough

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.

The government of national unity needs to make up the R56 billion budget shortfall.

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.

Employees chat under screens showing falling stocks at the Athens Stock Exchange.

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.

Diplomacy has been thrown aside as European leaders warn Greeks not to vote for radical parties that encourage leaving the eurozone.

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.

Flames from a fire set alight in a container by activists of the Frankfurt Occupy movement are seen in front of the European Central Bank and a sculpture of the euro symbol in Frankfurt, Germany. AP

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.

Greek Prime Minister Alexis Tsipras

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%.

IMF presses Europe to contain debt crisis

Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy.

OECD predicts tough times ahead for eurozone

OECD predicts tough times ahead for eurozone

The Organisation of Economic Cooperation and Development has warned that the eurozone’s debt crisis is not over and banks in the bloc remain weak.

Bailout just prolongs Greek agony

Bailout just prolongs Greek agony

The deal hammered out by eurozone ministers is by no means the end of the tragedy as Greece’s future still looks dismal.

Finnish polls show Niinistoe in the lead for presidency

Finnish polls show Niinistoe in the lead for presidency

Conservative Sauli Niinistoe is on course for victory in the second round of Finland’s presidential vote on Sunday, with polls giving him a wide lead.