22 Results

The whole world will be watching tonight’s meeting of the European Central Bank on how serious it is about saving the eurozone.

The latest bailout deal for Greece still faces serious hurdles, and is based on some heroic assumptions. Glenn Dyer and Bernard Keane report.

The collapse of the Greek economy demonstrates the bizarre logic of austerity — the harder you cut, the further you fall behind.

The austerity mindset is now so deeply entrenched in the eurozone that its leaders appear in profound denial.

Europe’s already-inadequate efforts to ensure it can stabilise its economies has suffered another hit.

The deal brokered at last week’s Brussels summit is unravelling as things go from bad to disastrous in Europe.

Expectations are low for tonight’s make-or-break summit in Brussels. Europe might reform itself, but fail to address the immediate crisis it faces, write Glenn Dyer and Bernard Keane.

The RBA has cut rates in anticipation of the impact of the European crisis. Given the news out of the eurozone, it won’t be the last cut.

The 2012-13 surplus has been preserved, at the cost of moving spending around, but Europe is still a huge threat to the economy.

While the mining boom continues to power the Australian economy, the news from offshore continues to worsen.

Whether things in Europe are catastrophic or merely disastrous has major implications for the coming mini-budget.

Inflationary pressures are easing again — but it’s the European crisis that will occupy the RBA board next week, not domestic issues, write Glenn Dyer and Bernard Keane.

It will be costly and complicated, but the only way to save the euro is to put in place a range of financial measures that must achieve four primary objectives, according to The Economist.

Investors gave Kerry Stokes’ deal to buy shares in China’s Agricultural Bank a very decisive thumbs down yesterday. Also, New Zealand’s economy grows, the US Federal Reserve’s recovery caution and other business news.

Why doesn’t Germany and the EU just bail out Greece? Mainly thanks to a small detail in the German constitution. But it’s good for NATO that the EU is suffering, writes former US ambassador to the UN John R. Bolton.