European Union (EU)

10:03am

Wed January 25, 2012
The Two-Way

Europe Lacks Structures To Make Euro Work Properly, Merkel Says

Europe does not now have the "political structures" to make the euro work properly, German Chancellor Angela Merkel told world leaders today.

At the World Economic Forum in Davos, Switzerland, The Associated Press reports, "she said the weaknesses 'arose over years — so they can't be overcome at one fell swoop.' "

But, Merkel added, "we are determined to do this."

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10:01pm

Thu October 20, 2011
Planet Money

France And Germany: A Love Story

Philippe Wojazer AP

France and Germany are trying to come up with a bailout plan for Europe. This isn't the first time they've fought over money.

Like any bickering couple, they've spent centuries fighting over finances. In fact, the history of their relationship is so dramatic — so theatrical — it's best to tell it in song.

(Read the lyrics, and see the credits, here.)

Our story begins in 1870.

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1:07am

Thu May 19, 2011
Business

IMF's Strauss-Kahn Resigns Amid Sex Charges

Dominique Strauss-Kahn, the embattled managing director of International Monetary Fund, resigned Wednesday, saying he wanted to devote "all his energy" to battle the sexual assault charges he faces in New York.

The IMF's executive board released a letter from the French executive Wednesday in which he denied the allegations lodged against him but said that with "sadness" he felt he must resign. He said that he was thinking of his family and that he wanted to protect the IMF.

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2:00am

Wed November 24, 2010
Europe

Portugal May Be Next To Need EU Rescue Package

Striking unions in Portugal are protesting the government's austerity measures. Parliament is expected to vote on the plan Friday. Portugal is one of the European countries facing massive problems caused by its national debt. Many Portuguese are angered by the government's plans to freeze pensions and cut the wages of civil servants by five percent.

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