European Union (EU)

7:44am

Tue May 22, 2012
The Two-Way

Europe's Crisis Threatens To Kill Global Economic Recovery, Experts Warn

Unless leaders in Europe act quickly, the financial crisis there could drag down the global economy and kill what appears to be a "fragile, extremely uneven" recovery, the multi-national Organization for Economic Cooperation and Development warned today.

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4:09am

Sun May 20, 2012
Europe

Euros Not Austerity: Can Greece Have It Both Ways?

Originally published on Sun May 20, 2012 7:38 am

At the G-8 summit Saturday, French President Francois Hollande said he wanted Greece to stay in the eurozone and expected the country to meet its commitments. In saying so, Hollande identified the difficult debate which has gripped Greece for months now.

Most Greeks want to keep the euro as their currency. Most also want to cancel the eurozone-imposed austerity measures that come with the billions in international bailout loans keeping the country solvent.

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3:55am

Sat May 19, 2012
Politics

Are 8 Heads Better Than 1 At Fixing Europe's Debt?

Originally published on Sat May 19, 2012 10:20 am

President Obama speaks with other G-8 leaders at Camp David in Maryland during the summit on Friday.
Getty Images

Camp David, in the Maryland hills outside Washington, D.C., is usually a place for the president and his family to get away from work, a wooded refuge with a swimming pool, tennis courts and a putting green.

This weekend, though, President Obama is bringing work with him to the camp — along with the leaders from most of the countries with the world's largest economies.

The Group of Eight is meeting in the rustic setting, but the agenda will be all business.

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1:31am

Thu May 17, 2012
Europe

'Dire Consequences' If Greece Exits Euro

Originally published on Thu May 17, 2012 8:46 am

People walk past the Bank of Greece headquarters in Athens.
Louisa Gouliamaki AFP/Getty Images

Euros are being drained out of Greek banks at a rate of up to $1 billion a day this week. In the wake of the country's election turmoil, depositors are nervous about the heightened possibility of a Greek exit from the euro. If that were to happen, euros left in Greek banks could be worth much less than euros outside the country.

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11:43am

Wed May 16, 2012
The Two-Way

EU Human Rights Court Could Be Last Stop For German Claiming CIA Kidnapping

Khaled El-Masri.
ACLU

A German man, who says he was mistakenly shipped to a secret prison in Afghanistan as part of the CIA's "extraordinary rendition" program, took the stand at the European Union's human rights court today.

After unsuccessfully seeking redress in the U.S. and Germany, Khaled El-Masri is suing Macedonia, where he was allegedly kidnapped. El-Masri argued that the country was callous and calculating when it turned him over to the U.S. This hearing could also mark the end of the legal road for a case that spans eight years.

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