European Union (EU)

10:01pm

Thu February 16, 2012
Planet Money

What It Feels Like In China When Europe Comes Asking For Help

Help.
ED JONES AFP/Getty Images

Jiang Shixue is describing to me one of the most exciting moments of his life: The moment earlier this month when one of the most important people in Europe — German Chancellor Angela Merkel — came to visit his workplace.

"She said that the EU would be happy to see if China can offer a kind of helping hand," says Jiang, an academic at the Chinese Academy of Social Sciences.

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3:55pm

Wed February 15, 2012
Europe

Europe Wants Assurances For Latest Greek Bailout

In Athens on Tuesday, Greek pensioners marched in protest against new austerity cuts. The eurozone insists Greece must stick to hugely unpopular austerity measures agreed to in return for a 130 billion euro debt bailout.
Louisa Gouliamaki AFP/Getty Images

The European Union says Greece has made some progress, but not enough, to merit the new bailout it desperately needs to avoid default and keep the euro as its currency.

Greeks are increasingly bitter about the austerity measures the EU is imposing on them. And Greece's EU partners are losing trust that the Greeks will implement them.

Now, talk is growing about contingency planning if Greece fails to meet the bailout conditions and defaults.

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6:10am

Tue February 14, 2012
The Two-Way

USS Abraham Lincoln Clears The Strait Of Hormuz

Originally published on Tue February 14, 2012 6:12 am

This January 19, 2012 image provided by the US Navy, shows the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) transiting the Arabian Sea.
AFP/Getty Images

For the second time in recent weeks, the USS Abraham Lincoln has passed through the Strait of Hormuz. If you remember the strait has been central in the diplomatic rift between Iran and the United States.

Reacting to sanctions imposed by the United States and approved by the European Union, Iran has threatened to close the narrow strait through which about 20 perent of the world's oil exports passes through.

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6:11am

Mon February 13, 2012
The Two-Way

Greeks Clash With Police Over Latest Austerity Measures

It was the calm after the storm in Athens today after a night of riots sparked by a new round of painful austerity measures.

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7:05am

Thu February 9, 2012
The Two-Way

Greek Government Reaches Austerity Deal That's Key To Bailout Payment

European Central Bank President Mario Draghi says he's been told by GreekPrime Minister Lucas Papademos that a deal has been reached on new austerity measures that Eurozone finance ministers have been seeking from Greece before it gets a crucial $173 billion bailout, The Financial Times is reporting.

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