Europe - The New American

Lesson from Iceland’s 2008 Financial Crisis: Let Banks Fail

The downward spiral of the Greek economy — and now likely that of Italy — has led to calls for the European Union...

Bruce Walker November 9, 2011

The Eurozone Continues to Unravel

Bob Adelmann November 9, 2011

With Greece’s Prime Minister George Papandreou agreeing to step down in order to secure more bailout funds from the ECB, attention turned immediately...

Bulgarian President-elect Vows to Root Out KGB Moles

William F. Jasper November 7, 2011

Rosen Plevneliev managed a narrow victory in Bulgaria's recent presidential elections on a reform platform pledging to clean up the country's corruption-plagued government,...

EU Creates “Dictatorship” Under Guise of Financial Stability

Alex Newman November 7, 2011

Using “financial stability” as justification, the European Union is quietly plotting to foist a massive, perpetual bailout machine on eurozone members that critics...

EU Antitrust Agency Probing Apple and Samsung

Joe Wolverton, II, J.D. November 7, 2011

The European Commission has requested information on patents from smartphone powerhouses Apple (makers of the immensely popular iPhone) and Samsung. While Apple is...

Greek Prime Minister Throws Monkey Wrench into Eurozone “Deal”

Bob Adelmann November 2, 2011

Prime Minister George Papandreou’s surprise call for a referendum on the new austerity measures demanded by last week’s eurozone “deal” caught everyone off...

EU Parliament Gives Arab Spring Human Rights Prize

Joe Wolverton, II, J.D. October 31, 2011

This week the European Parliament awarded the annual Sakharov Prize for Freedom of Thought to key participants in the Arab Spring. The five...

Now That Greece Is “Fixed,” Portugal Is Next

Bob Adelmann October 28, 2011

If the decline in the Portuguese money supply for September is annualized, it will shrink by more than 20 percent, presaging more economic...

The Euro “Deal” — More Questions Than Answers

Bob Adelmann October 27, 2011

Following the Eurozone summit meeting in Brussels, European Council President Herman Van Rompuy announced the results of the late-night negotiations: "From a series of...

British Housing Manager Demoted for Opposing Homosexual Marriage

R. Cort Kirkwood October 27, 2011

A housing manager in Britain has been demoted for speaking out against homosexual marriage. So now, aside from not being able to speak...

Vatican Council Calls for World Government, Central Bank

Michael Tennant October 26, 2011

A “global political authority” and a “central world bank”: These are the solutions that the Pontifical Council for Justice and Peace recommends for...

Conservative Backbenchers Oppose Cameron on EU

Bruce Walker October 25, 2011

Are the days of the European Union coming to an end? The riots in Athens, the popularity of the True Finns Party in...

Britons Demand Immigration Restrictions

James Heiser October 23, 2011

With public discontent growing over the burgeoning number of foreigners flooding into their country, many Britons are expecting their government to restrict immigration,...

Greece: 100,000 Protest as Austerity Vote Nears

Bruce Walker October 20, 2011

According to the Associated Press for Oct. 20, more than 100,000 people assembled in front of the Greek parliament yesterday to vent their...

Moody’s Warns of Possible French Debt Downgrade

Bob Adelmann October 18, 2011

Moody’s summary of its annual report on France’s finances appeared on Monday sufficiently couched in calm and reasoned tones that the markets took little...