Tag: euro crisis
Portuguese artists rely on crowdfunding as state support runs dry
Public and private funding for the arts in Europe are drying up as the economic crisis their continues. In Portugal, artists remain in survival mode and are testing new ways to find funds. Some have turned to crowdfunding through a website inspired by U.S.-based Kickstarter. ...
Drought causes rash of forest fires in Spain as budget cuts limit firefighting resourcs
Spain has seen tens of thousands of acres of forests burned by fires this summer -- a problem made worse by the lack of rain and budget cuts that have cut into the resources the country can afford to put toward fire prevention and suppression....
Greek politicians eye Orthodox Church's income, expenses as target for budget cuts
In Greece, the Orthodox Church is tied financially to the state. The state pays some priests and exempts the church and its activities from any taxes. But with tight economic times, some politicians are calling for the relationship to be adjusted....
New England's economy more linked with Europe than most of the U.S.
As Europe's economy veers further into trouble, one U.S. region in particular is at greater risk of seeing the European crisis impede its own economic fortunes. Europe and New England are closely tied together, and that's hurting New England's effort at its own economic recovery....
European Central Bank officials express support for euro; decline to back words with action
The European economy continues to struggle, but European bankers say they're as confident as ever in the euro's stability. But with Germany watching on, they decline to take any action....
Proposed tax hikes in France strike a nerve with top earners
French President Francois Hollande has called for a 75 percent income tax on top earners in France to help lower the country's deficit. The hope is to stave off contagion from other faltering euro zone countries, but the proposal has received harsh criticism from France's business class....
Spain could receive next bailout as its financial woes worsen
As the European Union struggles to contain the euro crisis, Spain is quickly approaching an economic collapse. The country is among those in line to receive a Greece-style bailout, though experts say its time for one may come sooner than once expected....
JOIN PRI COMMUNITIES:
