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06/05/2010 | Economia y Finanzas
Greek Debt Crisis: The Labors of Papandreou
A new chapter in Greece's debt crisis began after the EU and the IMF agreed to provide a $145 billion financial aid package to the troubled country. The agreement is conditional on Athens implementing a severe austerity program expected to reduce the public deficit from the current 13.6 percent to less than 3 percent by 2014. Despite the package, the difficulties ahead remain daunting. In order for the bailout to succeed, Prime Minister George Papandreou will have to face a number of challenges that will require all his political skills -- and some luck.
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05/03/2010 | Economia y Finanzas
Bailout Talks Raise Tensions between Greece and Germany
Proposals in Brussels to throw a financial lifeline to debt-strapped Greece have met with resistance from some EU governments, in part because of the poor precedent a bailout would set for other member states in similar predicaments. But there is also mounting public opposition to such a move, particularly in Germany. As a result, despite the threat a Greek meltdown would pose to the eurozone as a whole, the German government has adopted a hard-line position in negotiations over how the EU should respond, causing relations between the two countries to become increasingly strained.
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29/10/2009 | Frente Externo
Help Wanted: European President
If all goes as expected and the Lisbon Treaty finally enters into effect in the coming months, the European Union will soon face another major challenge: electing a permanent president for the European Council.
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