Economy
Some Jobless Spaniards Abandoning Cities, Returning to the Farm
As Spain’s economy stalls, some jobless Spaniards abandon the cities for life on the farm.
Euro 2012 Soccer Matchups Mirror Eurozone Fiscal Showdowns
The Euro 2012 soccer tournament should provide welcome relief from Europe’s financial woes. But many of the protagonists of the Euro crisis are battling it out on the soccer field too.
Spanish Cajas Took Many Risks, Lacked Oversight
The problem with Spanish economic downturn lies with its private, local savings banks, or cajas, which took too many risks and above all lacked oversight.
Greek Elections: Voters Stick to Austerity Plan
The conservative, pro-bailout New Democracy Party won the elections, but must try to forge a coalition with at least one left-leaning party in order to govern. New Democracy wants Greece to stick to its international agreements, but will ask for more time for the country to repay its debts.
Hollande’s Party Wins Parliamentary Elections in France
France is looking to stimulate growth through spending as Hollande’s Socialist Party won big in the parliamentary elections and now controls an outright majority of the legislative seats.
Which Way Will Greece Go?
Greeks go to the polls on June 17th with the financial crisis weighing heavily on them. Some are finding hope in a left-wing coalition called Syriza. But others question whether the party, and it’s young leader, are fit to govern.
Greek Town Adopting System of ‘Bartering on Steroids’
In one Greek city, some residents have chucked the euro in favor of the TEM, Greek shorthand for “Alternative Local Currency.”
Drachmas or Euros: What’s at Stake in Greek Vote
What is at stake in the upcoming Greek parliamentary election and whether it could spell the end of the Euro in Greece.
Small US Airports Attracting Bargain-Hunting Canadians
Small US airports just south of the Canadian border are doing very well right now. That’s because Canadians are driving to the US to take advantage of the much lower costs flights out of American airports.
Spain Puts Out Its Hand for Financial Help
Spain has become the fourth European country to ask for money from international lenders.
Why Foreigners are Still Attracted to Detroit
The Frenchman Alexis de Tocqueville arrived in Detroit in 1831 and foreigners are sill attracted to the city.
Argentina President Ditches Dollars to Save in Pesos
Many Argentines prefer to convert their pesos into dollars complicating the government efforts to repay Argentina’s foreign debt.
Norway’s Example of Oil and Gas Boom Done Right
Norway has carefully controlled its oil and gas industry ensuring it doesn’t suffer the same fate as other countries where oil has become a curse.
Development Bust is Environmental Boon in Baja California
Coastal development in Mexico’s Baja California and the Sea of Cortez hit a wall in the 2008 crash. That was bad news for investors, but good news for conservationists, who recently have been busy protecting rare landscapes and wildlife habitat.
London Becomes France’s Sixth Biggest City
More French people live in London than in Bordeaux, Nantes or Strasbourg, so much so that it is now thought to be France’s sixth biggest city in terms of population.
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