Tag: Europe

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Italian Prime Minister's behavior condemned by Catholic Church

The Catholic Church publicly condemns behavior Italian Prime Minister Silvio Berlusconi's Berlusconi, who is embroiled in yet another sex scandal....
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Germany approves $300 billion for Greece bailout

Eurozone leaders agreed back in July to expand the bailout fund for Greece to more than $500 billion -- Germany's lawmakers approved the agreement on Thursday....
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Real life Wall-E: Robots that recycle

The Finnish research group ZenRobotics has designed a robot that can sort recycling without the help of human hands....
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Keeping the Greek economy from sinking the eurozone

Many in financial markets are already assuming that Greece is going to default on its loans, but there is growing opposition to any more bailouts....
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Germany's Pirate Party a political force of 20-somethings

All 15 candidates of the Pirate Party are now part of the Berlin state government, and they plan to legalize marijuana, expand the Internet and leak all government activity....
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China could bail out Europe, with strings attached

As Europe searches for a way out of the current financial crisis, some are looking to China. But any deal would come with strings attached....
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Global economy enters 'dangerous new phase,' says IMF

International Monetary Fund says global economic outlook grim, warns continuing economic woes in Europe and the US could drag those economies back into recession....
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Credit default swaps on European debt in billions

American financial institutions placing bets on whether European countries will default on debt could be on the hook for billions of dollars....
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Rogue trader loses $2 billion, recently arrested

Swiss banking giant UBS says one of its traders lost about $2 billion in unauthorized trades -- the man has been arrested....
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US frustrated with Eurozone's handling of Greek debt crisis

Germany and France have said they'll help Greece, as the United States urges Europe to figure it out....
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