germany

Soros: German Budget Cuts Could Cause Euro Failure

Ahead of the G-20 summit in Toronto this weekend, billionaire investor George Soros is warning that Germany's policy of fiscal austerity is a danger to Europe that could destroy the euro and fracture the European Union.

Google's Privacy Woes Expand to Australia

Google's legal woes over privacy issues in Europe have expanded to Australia after residents in that country recently complained about photographs being taken for Google Maps.

Euro Woes Are Blinding Investors to Opportunities

Just a few months ago, the currency everyone loved to hate was the dollar. Now, the euro is feeling the heat of short-sellers and pessimists. But the gloom around Europe's common currency is seriously overblown.

Europe to Set Up Fund Stopping Greek Crisis' Spread

Eurozone leaders plan to create a financial facility to defend the euro and lower the interest rates its weaker economies pay for sovereign debt. As turmoil grips world markets, the politicians pledge to set up the firewall against contagion before Asian markets reopen on Monday.

Rumors Swirl as Market Plunges on Debt Fears

Amid a market growing increasingly paranoid about Europe's debt crisis, errors -- either human or mechanical -- were pointed to as potential reasons for Thursday afternoon's stock market plunge. But a more deliberate force could also be at work as investors short the markets and the euro sought to take advantage of the mounting alarm about Europe's situation.

Greece Seals the Deal, Finally, But What's Next?

The aid package to bail out Greece hardly ends its problems. The country's debt is over 100% of GDP, and the national deficit was 13.6% of GDP last year. The major concern is that Greece's citizens won't accept what's expected to be $40 billion in budget cuts over three years.

Europe Needs to Think Big About Its Bailout

Ratings downgrades for Spain, Portugal and Greece have alarmed already-rattled credit markets, sending borrowing costs sky-high. As contagion spreads, Europe's politicians need to stop dithering over the bailout and take dramatic steps to reassure markets.

Will Icelandic Volcano Cause European Economy to Erupt?

It's no secret the volcanic eruption in Iceland has cast a cloud over the airline industry, with the International Air Transport Association estimating more than $200 million in lost revenues per day. But the airlines aren't the only companies to suffer from the loss of tourism. How will the eruption impact Europe's overall economy?

Exposed: The Eurozone's Key Flaws

Beneath the celebration of Greece's "rescue" lie structural imbalances -- fundamental asymmetries that imperil the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse Germany, which generates huge trade surpluses, and its trading partners, which run large trade and budget deficits, particularly Portugal, Italy, Ireland, Greece and Spain.

Greece Bows to E.U. Pressure

Bowing to pressure from the E.U., Greece has announced new austerity measures. The country is gambling that the new cuts will encourage nations in the eurozone to back loans to Greece from their state-owned backs.

Germany to Offer Aid to Debt-Laden Greece?

Struggling with a worsening sovereign debt crisis, Greece appears closer to a bailout by the E.U. The plan may be led by Germany due to the size of its economy and relatively strong financial position.

German Lingerie Lifts the Veil on Muslim Women

What makes an effective lingerie ad? If you guessed a niqab, a type of veil worn by some Muslim women, kudos to you for thinking outside the box like the creators of this spot by German lingerie retailer Liaison-Dangereuse.com.