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Greek pro-bailout parties secure ruling majority

Parties supporting a bailout saving Greece from bankruptcy won a slim parliamentary majority on Sunday, beating radical leftists who rejected austerity and bringing relief to the euro zone which was braced for fresh financial turmoil. Read More

Euro briefly jumps broadly after Greek vote results

The euro briefly rose after Greek election results showed parties committed to its debt bailout plan were on course to secure a slim parliamentary majority, keeping the debt-indebted country in the euro zone.The euro rose to around $1.2730, according to Reuters data in early Australasian trading on Monday, its highest since May 22.But it pulled back to around $1.2690 by 1948 GMT, as investors were uncertain about what shape a coalition government may take. Read More

Italy's premier-designate Mario Monti finalizing new government

Mario Monti
Prime Minister-designate Mario Monti of Italy said Tuesday he is ready to present his new government to the president after winning wide backing — and important pledges of sacrifices — from political, business and union leaders during two days of intense consultations. Read More

Greek Comedy

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Greece, the European Union and what they mean to the US

‘The Greek Way” no longer has quite such splendid implications for many. This is the title of a best-selling book on ancient Greece by Edith Hamilton, published in 1930 and reissued in 1957. She was one of the most visible public advocates of the classics of the 20th century, and her influence continues to resonate. Read More

The 'Recovery Summer' has been found! -- In Germany

It turns out that the "Recovery Summer" the Obama administration has turned into a national joke really is taking place -- just not here. Read More
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