Tag: Europe
VIDEO: Economists fearful of consequences as Greeks move to have another set of elections
In Greece, the government is moving to another round of elections after the latest round produced no viable government. Meanwhile, economists are worried that the instability between now and then could cause economic havoc, not the least of which is Greeks who are pulling their savings out of Greek banks in fears that a default could cost them their life savings....
Economic turmoil in Europe could be key that turns U.S. elections
As Europe digests the results of recent elections, there's a growing sense that decisions made there today could land in the United States in the heart of the election season. That could be a deciding factor in whether Mitt Romney or Barack Obama are chosen to serve the next four-year term as President of the United States....
European artists protest budget cuts by destroying their art, including at museums
An Italian museum is the highest profile examples of European artists protesting budget cuts by burning their art. At the Casoria Contemporary Art Museum, director Antonio Manfredi has promised to burn three pieces per week until his funding is improved. He's already burned some pieces, so he's not bluffing....
Thousands of Portugese fleeing sinking economy, with many headed for Brazil
Portugal's former colony, Brazil has a booming, growing economy. By comparison, Portugal's economy is moribund. As the highly educated younger generations struggle to find work, many are leaving and heading to Brazil. In Brazil, the need to prepare for upcoming international events and the growing economy provide many opportunities....
'Black metal' musician elected to Greek Parliament with anti-immigrant political party
Giorgos Germenis was one of 21 members of the Golden Dawn party, often associated with neo-Nazis and fascism, elected to the Greek Parliament. He's a member of a black metal band -- a type of music associated with dark, violent themes and satanism. He's not your typical politician....
No agreement yet as Greece tries to form a government and population fumes
The Greece of today is nothing like the triumphant Greece that hosted the 2004 Olympic games. Unemployment is high, anger is high and mental health is frayed. That's the findings of a reporter who used to live in Greece and headed back to see what's changed in the days of austerity and budget cuts....
With economy plummeting, food scavenging on the rise in Spain
A report released Friday showed unemployment is Spain has reached 24.4 percent. Over 5.5 million Spaniards are jobless. As the recession deepens, more Spaniards have turned to scavenging for food to supplement their budgets. ...
Wave of reporting on Dutch political, economic struggles misses the nuance
When the government of The Netherlands fells over a disagreement on austerity and government spending, reporters rushed to Holland to find signs of further trouble. But in all that reporting, the examples held up as signs the sky was falling may have overlooked the reality on the ground....
Costa Concordia set to be salvaged of the coast of Italy
An American company and an Italian company are set to begin salvage operations off the coast of Italy later this month, to recover the shipwrecked Costa Concordia. The effort is intended to remove the vessel intact, to prevent fluids from leaking out and polluting the surrounding environment....
Greece's future uncertain after voters reject austerity supporters
Greek voters threw out the most prominent political parties, the two parties that have backed austerity measures, in favor of far-right and far-left politicians who promised an end to EU-mandated budget cuts and tax increases. But there's no indication anyone will be able to form a government....
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