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The Kansas City Star Six years ago, the state of Oklahoma pumped $1,000 into each of 40 new college savings accounts for infants born to some low- and middle-income mothers there. Today, as those children get ready to enter first grade, they do so
Deputy Head of CDU-CSU in the German Parliament, Michael Meister, said that Merkel will stick to its position. "Germany's position is clearly stated, and none of the guidelines will not change after the election - said Mayter. - The
The interventions were not made in the right way and at the right time and this worsened the crisis, he said, in one of the strongest official criticisms of the bailout terms set by the European Union, European Central Bank and International Monetary
High & Low Finance When Bernanke Got It Wrong Demetrius Freeman/The New York Times Steve Keen, an Australian economist, used the ideas of another economist, Hyman Minsky, to set forth the possibility of a global debt crisis that now seems prescient.
The Eurozone responded decisively to the outbreak of the 2008 financial crisis and global recession. The unity and cohesion of EMU members in facing the crisis with one voice was clear. As the European Commission put it at the time: we sink or swim
Reuters Video Europe Debt Crisis Debt Crisis Nearly three times as many Greeks are without work compared to late 2009, when Greece plunged into a debt crisis that forced it to seek help from the European Union and International Monetary Fund to avoid
Prime Minister Pedro Passos Coelho of Portugal on Tuesday defied calls for his resignation, even after his coalition government was torn by divisions over austerity policies that prompted the resignation of a second minister in two days. In a
The European Central Bank says international use of the euro slipped last year because of the debt crisis among countries that use it. The euro's share among the currency reserves held by central banks fell from 25.1 percent to 23.9 percent in 2012.
The European Commission is defending its handling of the Greek debt crisis against criticism made by the International Monetary Fund in an official report. Spokesman Simon O'Connor said Thursday the European Union's institutions were in uncharted
European Union leaders have seemingly changed their tune lately on how best to deal with the long-running Eurozone debt crisis ...It started about a month ago, with none other than European Commission President Jose Manuel Barroso. "While I think