Tag: Europe
German Parliament OKs more bailout funds for Greece
As Greece continues to try and arrest its economic decline, Germany OK'd another $170 billion worth of bailout funds to keep the government operating, to prevent the country from going bankrupt and to keep Greece in the eurozone....
Swedish preservationists document likely cause of sinking of ancient sailing ship
The Swedish warship Vasa sunk in the 17th Century on its maiden voyage. It keeled over and water rushed in, killing 30. New research has found that specific flaws in the ship's design probably sent it to its early, watery grave....
Homelessness, unemployment remain as Greece again narrowly avoids default
The austerity measures that Greece agreed to in order to receive its latest round of bailout funds are likely to only prolong the misery of Greeks who find themselves without jobs and without a place to live....
Statistically, Kosovo's economy is booming — but residents can't tell
On paper, Kosovo's economy is growing faster than any other country in Europe. But that's due in large part to Kosovars living abroad and sending money to family back home. Take that out and the economy stumbles....
Germany's solar market facing reduction in government subsidies
Most new solar panels around the world went up in Germany last year. That's due in part to generous government subsidies that made them more affordable. But now, the government is reducing those subsidies in hopes the solar industry there will stand on its own two feet....
Greeks turn abroad as economy at home shrinks and sputters
The Greek economy is in shambles and not really showing any signs of improving. That's led many to look abroad for opportunities — but a lot of times the landings abroad aren't much better. It's also put a crimp in the plans of many who'd gone abroad with hopes of one day returning....
As Greeks protest, more talk of Greece leaving the eurozone
At this point, it's just talk, but more people are talking about what was once unthinkable. The only way for Greece's economy to recover may be to abandon the euro entirely and re-instate its own currency. But even if it does that, there will be no end to the short-term pain the country is facing....
China indicates willingness to help Europe with its debt; declines to get specific
As Europe's economy struggles through more bad news — debt downgrades, economic contraction and political unrest — at a meeting in China on Tuesday European leaders were told China would help them with their economic problems. But the promise was backed with few specifics....
Greece on fire as protesters decry government's decision on austerity measures
Some 40 buildings were set ablaze as protesters in Athens, Greece, rallied in the streets to demand the government stop imposing more austerity measures on the country -- conditions that European finance ministers have insisted on in order to release the latest round of bailout funding....
French puppet TV show ignites diplomatic protest over portrayal of Spanish athletes
A French TV show that stars latex puppets has ignited a controversy between Spain and France with its unflattering depiction of Spanish athletes, accusing them of using performance enhancing drugs in their recent string of athletic victories....
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