http://www2.macleans.ca Canada's only national weekly current affairs magazine. Wed, 19 Jun 2013 22:25:20 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www2.macleans.ca/2013/03/18/vote-delayed-on-cyprus-plan-to-use-bank-savings-for-massive-bailout/ http://www2.macleans.ca/2013/03/18/vote-delayed-on-cyprus-plan-to-use-bank-savings-for-massive-bailout/#comments Mon, 18 Mar 2013 13:04:19 +0000 Emily Senger http://www2.macleans.ca/?p=361441 http://www2.macleans.ca/2013/03/18/vote-delayed-on-cyprus-plan-to-use-bank-savings-for-massive-bailout/feed/ 0 Up to 10 per cent of personal savings would go to the government http://www2.macleans.ca/2012/12/27/german-finance-minister-says-worst-of-eurozone-debt-crisis-seems-over/ http://www2.macleans.ca/2012/12/27/german-finance-minister-says-worst-of-eurozone-debt-crisis-seems-over/#comments Thu, 27 Dec 2012 13:11:03 +0000 The Associated Press http://www2.macleans.ca/?p=331806 http://www2.macleans.ca/2012/12/27/german-finance-minister-says-worst-of-eurozone-debt-crisis-seems-over/feed/ 0 BERLIN – Germany’s finance minister says the worst of euro area’s debt crisis appears... http://www2.macleans.ca/2012/11/30/german-parliament-approves-deal-to-trim-greeces-debt-load/ http://www2.macleans.ca/2012/11/30/german-parliament-approves-deal-to-trim-greeces-debt-load/#comments Fri, 30 Nov 2012 13:01:27 +0000 The Associated Press http://www2.macleans.ca/?p=321780 http://www2.macleans.ca/2012/11/30/german-parliament-approves-deal-to-trim-greeces-debt-load/feed/ 0 ERLIN – German lawmakers overwhelmingly backed a deal aimed at trimming Greece’s debt load... http://www2.macleans.ca/2012/11/23/budget-clash-leaves-eu-summit-close-to-failure-2/ http://www2.macleans.ca/2012/11/23/budget-clash-leaves-eu-summit-close-to-failure-2/#comments Fri, 23 Nov 2012 12:54:19 +0000 The Associated Press http://www2.macleans.ca/?p=318560 http://www2.macleans.ca/2012/11/23/budget-clash-leaves-eu-summit-close-to-failure-2/feed/ 0 BRUSSELS – The prospect of failure loomed over a European Union leaders’ summit intended... http://www2.macleans.ca/2012/11/23/budget-clash-leaves-eu-summit-close-to-failure/ http://www2.macleans.ca/2012/11/23/budget-clash-leaves-eu-summit-close-to-failure/#comments Fri, 23 Nov 2012 08:00:54 +0000 The Associated Press http://www2.macleans.ca/?p=318532 http://www2.macleans.ca/2012/11/23/budget-clash-leaves-eu-summit-close-to-failure/feed/ 0 BRUSSELS – The prospect of failure hangs over a European Union leaders’ summit intended... http://www2.macleans.ca/2012/11/22/the-euro-crisis-and-its-impact-on-canada-explained-with-pictures/ http://www2.macleans.ca/2012/11/22/the-euro-crisis-and-its-impact-on-canada-explained-with-pictures/#comments Thu, 22 Nov 2012 19:57:07 +0000 Erica Alini http://www2.macleans.ca/?p=317487 http://www2.macleans.ca/2012/11/22/the-euro-crisis-and-its-impact-on-canada-explained-with-pictures/feed/ 0 The eurozone crisis: an illustrated guide to the biggest threat to the Canadian economy http://www2.macleans.ca/2012/10/24/greece-celebrates-bailout-extension-but-eu-says-no-deal-yet/ http://www2.macleans.ca/2012/10/24/greece-celebrates-bailout-extension-but-eu-says-no-deal-yet/#comments Wed, 24 Oct 2012 16:59:20 +0000 The Canadian Press http://www2.macleans.ca/?p=306719 http://www2.macleans.ca/2012/10/24/greece-celebrates-bailout-extension-but-eu-says-no-deal-yet/feed/ 0 ATHENS, Greece - Greece's Finance Minister said the country has been granted a long-sought extension to meet the terms of its bailout program — but the claim was swiftly shot down as "speculation" by the European Central Bank and lead lender Germany. http://www2.macleans.ca/2012/10/18/clashes-break-out-at-anti-austerity-demonstration-during-greek-general-strike/ http://www2.macleans.ca/2012/10/18/clashes-break-out-at-anti-austerity-demonstration-during-greek-general-strike/#comments Thu, 18 Oct 2012 11:10:23 +0000 The Associated Press http://www2.macleans.ca/?p=304641 http://www2.macleans.ca/2012/10/18/clashes-break-out-at-anti-austerity-demonstration-during-greek-general-strike/feed/ 0 ATHENS, Greece - Hundreds of youths pelted riot police with petrol bombs, bottles and chunks of marble Thursday as yet another Greek anti-austerity demonstration descended into violence. http://www2.macleans.ca/2012/10/18/merkel-backs-calls-for-eu-intervention-in-budgets-suggests-new-european-fund/ http://www2.macleans.ca/2012/10/18/merkel-backs-calls-for-eu-intervention-in-budgets-suggests-new-european-fund/#comments Thu, 18 Oct 2012 10:04:54 +0000 The Associated Press http://www2.macleans.ca/?p=304599 http://www2.macleans.ca/2012/10/18/merkel-backs-calls-for-eu-intervention-in-budgets-suggests-new-european-fund/feed/ 0 BERLIN - German Chancellor Angela Merkel endorsed a proposal for a top European Union official to be given the power to veto member governments' budgets, and suggested Thursday that the bloc could set up a new fund to finance projects in struggling countries. http://www2.macleans.ca/2012/10/09/braving-protests-merkel-on-lightning-visit-to-greece/ http://www2.macleans.ca/2012/10/09/braving-protests-merkel-on-lightning-visit-to-greece/#comments Tue, 09 Oct 2012 09:28:20 +0000 The Associated Press http://www2.macleans.ca/?p=301294 http://www2.macleans.ca/2012/10/09/braving-protests-merkel-on-lightning-visit-to-greece/feed/ 0 ATHENS, Greece - German Chancellor Angela Merkel makes her first visit to Greece since the eurozone crisis began here three years ago. Her five-hour stop is seen by the government as a historic boost for the country's future in Europe's shared currency, but by protesters as a harbinger of more austerity and hardship. http://www2.macleans.ca/2012/10/08/german-finance-minister-keeps-pressure-on-greece/ http://www2.macleans.ca/2012/10/08/german-finance-minister-keeps-pressure-on-greece/#comments Mon, 08 Oct 2012 11:45:48 +0000 The Associated Press http://www2.macleans.ca/?p=301174 http://www2.macleans.ca/2012/10/08/german-finance-minister-keeps-pressure-on-greece/feed/ 0 BERLIN - Germany's finance minister is keeping the pressure on Greece to implement reforms and spending cuts before a visit by Chancellor Angela Merkel. http://www2.macleans.ca/2012/09/27/germany-ratifies-permanent-eurozone-bailout-fund/ http://www2.macleans.ca/2012/09/27/germany-ratifies-permanent-eurozone-bailout-fund/#comments Thu, 27 Sep 2012 18:43:38 +0000 The Associated Press http://www2.macleans.ca/?p=297646 http://www2.macleans.ca/2012/09/27/germany-ratifies-permanent-eurozone-bailout-fund/feed/ 0 BERLIN – Germany’s president has signed off on the ratification of the eurozone’s permanent... http://www2.macleans.ca/2012/09/27/spain-to-push-more-austerity-as-markets-await-possible-bailout-request/ http://www2.macleans.ca/2012/09/27/spain-to-push-more-austerity-as-markets-await-possible-bailout-request/#comments Thu, 27 Sep 2012 09:18:40 +0000 The Associated Press http://www2.macleans.ca/?p=297454 http://www2.macleans.ca/2012/09/27/spain-to-push-more-austerity-as-markets-await-possible-bailout-request/feed/ 0 MADRID - The Spanish government met Thursday to put the final touches to a new round of austerity measures amid mounting concerns over the country's economic future. http://www2.macleans.ca/2012/09/26/rocking-the-eurozone-today-catalonia-and-greece/ http://www2.macleans.ca/2012/09/26/rocking-the-eurozone-today-catalonia-and-greece/#comments Wed, 26 Sep 2012 18:08:11 +0000 Scaachi Koul http://www2.macleans.ca/?p=297033 http://www2.macleans.ca/2012/09/26/rocking-the-eurozone-today-catalonia-and-greece/feed/ 0 The government of Catalonia, one of Spain’s autonomous regions, has called a snap election... http://www2.macleans.ca/2012/09/26/bank-of-spain-warns-of-deep-recession/ http://www2.macleans.ca/2012/09/26/bank-of-spain-warns-of-deep-recession/#comments Wed, 26 Sep 2012 09:45:33 +0000 The Associated Press http://www2.macleans.ca/?p=296942 http://www2.macleans.ca/2012/09/26/bank-of-spain-warns-of-deep-recession/feed/ 0 MADRID - The Bank of Spain warned Wednesday that the country is in a deep recession, a day after clashes in Madrid between protesters and the police led to 38 people arrested and 64 injured. http://www2.macleans.ca/2012/09/25/merkel-germany-cant-compromise-in-face-of-pressure-to-increase-labour-costs/ http://www2.macleans.ca/2012/09/25/merkel-germany-cant-compromise-in-face-of-pressure-to-increase-labour-costs/#comments Tue, 25 Sep 2012 12:51:37 +0000 The Canadian Press http://www2.macleans.ca/?p=296632 http://www2.macleans.ca/2012/09/25/merkel-germany-cant-compromise-in-face-of-pressure-to-increase-labour-costs/feed/ 0 BERLIN - Chancellor Angela Merkel insisted Tuesday that Germany must keep its labour costs competitive, insisting that to ease up would do nothing to help Europe as less economically successful countries struggle with the debt crisis. http://www2.macleans.ca/2012/09/25/hundreds-of-police-seal-off-spanish-parliament/ http://www2.macleans.ca/2012/09/25/hundreds-of-police-seal-off-spanish-parliament/#comments Tue, 25 Sep 2012 09:28:34 +0000 The Associated Press http://www2.macleans.ca/?p=296609 http://www2.macleans.ca/2012/09/25/hundreds-of-police-seal-off-spanish-parliament/feed/ 0 MADRID - Spain's Parliament took on the appearance of a heavily guarded fortress Tuesday, hours ahead of a protest against the conservative government's handling of the economic crisis. http://www2.macleans.ca/2012/08/16/and-thats-why-the-brits-have-a-problem-with-brussels/ http://www2.macleans.ca/2012/08/16/and-thats-why-the-brits-have-a-problem-with-brussels/#comments Thu, 16 Aug 2012 18:37:37 +0000 macleans.ca http://www2.macleans.ca/?p=284183 http://www2.macleans.ca/2012/08/16/and-thats-why-the-brits-have-a-problem-with-brussels/feed/ 0 That's why the Brits have a problem with Brussels http://www2.macleans.ca/2012/07/13/should-they-stay-or-should-they-go/ http://www2.macleans.ca/2012/07/13/should-they-stay-or-should-they-go/#comments Fri, 13 Jul 2012 17:51:01 +0000 Michael Petrou http://www2.macleans.ca/?p=273564 http://www2.macleans.ca/2012/07/13/should-they-stay-or-should-they-go/feed/ 0 If 100 Tory MPs get their way, a referendum will leave it to the public to decide. http://www2.macleans.ca/2012/07/10/eu-moves-to-shore-up-spains-banks/ http://www2.macleans.ca/2012/07/10/eu-moves-to-shore-up-spains-banks/#comments Tue, 10 Jul 2012 13:55:41 +0000 macleans.ca http://www2.macleans.ca/?p=273136 http://www2.macleans.ca/2012/07/10/eu-moves-to-shore-up-spains-banks/feed/ 0 Finance ministers from the European Union reached preliminary terms for a bailout of Spain’s... http://www2.macleans.ca/2012/06/14/spain-banks-greek-election-increase-euro-tensions/ http://www2.macleans.ca/2012/06/14/spain-banks-greek-election-increase-euro-tensions/#comments Thu, 14 Jun 2012 14:40:49 +0000 Gabriela Perdomo http://www2.macleans.ca/?p=267190 http://www2.macleans.ca/2012/06/14/spain-banks-greek-election-increase-euro-tensions/feed/ 0 Spain woke up today with a dark cloud over its fiscal situation, Reuters reports.... http://www2.macleans.ca/2012/06/11/spain-got-the-bailout-but-some-warn-money-always-comes-with-strings-attached/ http://www2.macleans.ca/2012/06/11/spain-got-the-bailout-but-some-warn-money-always-comes-with-strings-attached/#comments Mon, 11 Jun 2012 15:28:53 +0000 Gustavo Vieira http://www2.macleans.ca/?p=265827 http://www2.macleans.ca/2012/06/11/spain-got-the-bailout-but-some-warn-money-always-comes-with-strings-attached/feed/ 0 Markets were trading on a positive note this morning after Spain announced on Saturday... http://www2.macleans.ca/2012/06/06/flaherty-tells-of-eurozone-talks-surprising-some-g7-counterparts/ http://www2.macleans.ca/2012/06/06/flaherty-tells-of-eurozone-talks-surprising-some-g7-counterparts/#comments Wed, 06 Jun 2012 12:45:59 +0000 Erica Alini http://www2.macleans.ca/?p=264328 http://www2.macleans.ca/2012/06/06/flaherty-tells-of-eurozone-talks-surprising-some-g7-counterparts/feed/ 0 Ottawa disclosed that the finance ministers and central bankers of the G7 group of... http://www2.macleans.ca/2012/05/29/nato-death-by-a-thousand-little-spending-cuts/ http://www2.macleans.ca/2012/05/29/nato-death-by-a-thousand-little-spending-cuts/#comments Tue, 29 May 2012 18:36:01 +0000 Luiza Ch. Savage http://www2.macleans.ca/?p=260516 http://www2.macleans.ca/2012/05/29/nato-death-by-a-thousand-little-spending-cuts/feed/ 0 Can a debt-ridden U.S. still afford to pick up the cheque? http://www2.macleans.ca/2012/05/18/goldman-sachs-moves-in-to-advise-spain-on-its-banks-as-the-eu-draws-up-contingency-plans-for-a-possible-greek-exit/ http://www2.macleans.ca/2012/05/18/goldman-sachs-moves-in-to-advise-spain-on-its-banks-as-the-eu-draws-up-contingency-plans-for-a-possible-greek-exit/#comments Fri, 18 May 2012 13:56:45 +0000 Alex Ballingall http://www2.macleans.ca/?p=259600 http://www2.macleans.ca/2012/05/18/goldman-sachs-moves-in-to-advise-spain-on-its-banks-as-the-eu-draws-up-contingency-plans-for-a-possible-greek-exit/feed/ 0 News out of Europe continues to paint a bleak picture of the Spanish economy,... http://www2.macleans.ca/2012/05/17/greece-swears-in-caretaker-government-spains-borrowing-costs-jump/ http://www2.macleans.ca/2012/05/17/greece-swears-in-caretaker-government-spains-borrowing-costs-jump/#comments Thu, 17 May 2012 14:25:55 +0000 Alex Ballingall http://www2.macleans.ca/?p=259242 http://www2.macleans.ca/2012/05/17/greece-swears-in-caretaker-government-spains-borrowing-costs-jump/feed/ 0 Greece has sworn in a stop-gap government that will lead the country until it... http://www2.macleans.ca/2012/05/11/au-revoir-austerity/ http://www2.macleans.ca/2012/05/11/au-revoir-austerity/#comments Fri, 11 May 2012 18:05:01 +0000 macleans.ca http://www2.macleans.ca/?p=257799 http://www2.macleans.ca/2012/05/11/au-revoir-austerity/feed/ 0 Europe is reconsidering the fiscal pact. Get set for another round of chaos http://www2.macleans.ca/2012/05/08/a-greek-exit-good-idea-hard-to-do/ http://www2.macleans.ca/2012/05/08/a-greek-exit-good-idea-hard-to-do/#comments Tue, 08 May 2012 20:45:51 +0000 Erica Alini http://www2.macleans.ca/?p=257458 http://www2.macleans.ca/2012/05/08/a-greek-exit-good-idea-hard-to-do/feed/ 0 Athens would be better off outside the eurozone. But can it head for the door without bringing down the house? http://www2.macleans.ca/2012/05/07/french-and-greek-elections-rattle-financial-markets/ http://www2.macleans.ca/2012/05/07/french-and-greek-elections-rattle-financial-markets/#comments Mon, 07 May 2012 15:00:50 +0000 Gustavo Vieira http://www2.macleans.ca/?p=257239 http://www2.macleans.ca/2012/05/07/french-and-greek-elections-rattle-financial-markets/feed/ 0 The aftermath of the elections in Greece and France during the weekend has rattled... http://www2.macleans.ca/2012/04/18/why-wont-germany-understand-austerity-is-killing-europe/ http://www2.macleans.ca/2012/04/18/why-wont-germany-understand-austerity-is-killing-europe/#comments Wed, 18 Apr 2012 17:03:43 +0000 Gabriela Perdomo http://www2.macleans.ca/?p=252891 http://www2.macleans.ca/2012/04/18/why-wont-germany-understand-austerity-is-killing-europe/feed/ 0 A growing number of economists are warning that too much fiscal tightening is making things worse http://www2.macleans.ca/2012/03/22/ecb-chief-mario-draghi-says-worst-of-the-eurozone-crisis-is-over/ http://www2.macleans.ca/2012/03/22/ecb-chief-mario-draghi-says-worst-of-the-eurozone-crisis-is-over/#comments Thu, 22 Mar 2012 14:12:08 +0000 Gabriela Perdomo http://www2.macleans.ca/?p=247169 http://www2.macleans.ca/2012/03/22/ecb-chief-mario-draghi-says-worst-of-the-eurozone-crisis-is-over/feed/ 0 Boasting that Europe is doing better than the U.S. on a number of economic... http://www2.macleans.ca/2012/02/22/achtung-baby/ http://www2.macleans.ca/2012/02/22/achtung-baby/#comments Wed, 22 Feb 2012 15:30:01 +0000 Chris Sorensen http://www2.macleans.ca/?p=239995 http://www2.macleans.ca/2012/02/22/achtung-baby/feed/ 0 Ironically, a weaker euro is making Germany even stronger, accentuating Europe's imbalances http://www2.macleans.ca/2012/01/13/standard-and-poors-expected-to-downgrade-european-countries/ http://www2.macleans.ca/2012/01/13/standard-and-poors-expected-to-downgrade-european-countries/#comments Fri, 13 Jan 2012 15:10:55 +0000 macleans.ca http://www2.macleans.ca/?p=233598 http://www2.macleans.ca/2012/01/13/standard-and-poors-expected-to-downgrade-european-countries/feed/ 0 More ratings cuts across the eurozone 'imminent,' sources say http://www2.macleans.ca/2012/01/11/germany-possibly-entering-recession/ http://www2.macleans.ca/2012/01/11/germany-possibly-entering-recession/#comments Wed, 11 Jan 2012 19:17:51 +0000 macleans.ca http://www2.macleans.ca/?p=232916 http://www2.macleans.ca/2012/01/11/germany-possibly-entering-recession/feed/ 0 Results stoke fears the eurozone crisis has finally hit Berlin http://www2.macleans.ca/2011/12/28/italian-borrowing-costs-drop-after-bond-offering/ http://www2.macleans.ca/2011/12/28/italian-borrowing-costs-drop-after-bond-offering/#comments Wed, 28 Dec 2011 16:14:50 +0000 macleans.ca http://www2.macleans.ca/?p=231267 http://www2.macleans.ca/2011/12/28/italian-borrowing-costs-drop-after-bond-offering/feed/ 0 Investors show healthy appetite for Italian debt http://www2.macleans.ca/2011/12/12/eu-agreement-fails-to-sooth-jittery-markets/ http://www2.macleans.ca/2011/12/12/eu-agreement-fails-to-sooth-jittery-markets/#comments Mon, 12 Dec 2011 18:23:08 +0000 macleans.ca http://www2.macleans.ca/?p=229379 http://www2.macleans.ca/2011/12/12/eu-agreement-fails-to-sooth-jittery-markets/feed/ 0 Borrowing costs continue to climb despite new pact http://www2.macleans.ca/2011/12/09/eu-nations-strike-fiscal-deal/ http://www2.macleans.ca/2011/12/09/eu-nations-strike-fiscal-deal/#comments Fri, 09 Dec 2011 15:59:15 +0000 macleans.ca http://www2.macleans.ca/?p=229196 http://www2.macleans.ca/2011/12/09/eu-nations-strike-fiscal-deal/feed/ 10 Britain left on the outside http://www2.macleans.ca/2011/12/06/rating-downgrade-threat-could-spur-euro-reform/ http://www2.macleans.ca/2011/12/06/rating-downgrade-threat-could-spur-euro-reform/#comments Tue, 06 Dec 2011 18:02:54 +0000 macleans.ca http://www2.macleans.ca/?p=228685 http://www2.macleans.ca/2011/12/06/rating-downgrade-threat-could-spur-euro-reform/feed/ 1 S&P puts eurozone credit ratings on negative watch days before EU summit http://www2.macleans.ca/2011/12/05/france-and-germany-agree-on-new-fiscal-rules/ http://www2.macleans.ca/2011/12/05/france-and-germany-agree-on-new-fiscal-rules/#comments Mon, 05 Dec 2011 17:13:56 +0000 macleans.ca http://www2.macleans.ca/?p=228478 http://www2.macleans.ca/2011/12/05/france-and-germany-agree-on-new-fiscal-rules/feed/ 0 Merkel drops requirement of haircut for private bond holders http://www2.macleans.ca/2011/11/28/eurozone-on-the-brink/ http://www2.macleans.ca/2011/11/28/eurozone-on-the-brink/#comments Mon, 28 Nov 2011 17:03:10 +0000 macleans.ca http://www2.macleans.ca/?p=227223 http://www2.macleans.ca/2011/11/28/eurozone-on-the-brink/feed/ 2 Debt crisis biggest threat to world economy: OECD http://www2.macleans.ca/2011/11/25/eurozone-leaders-push-for-fiscal-union/ http://www2.macleans.ca/2011/11/25/eurozone-leaders-push-for-fiscal-union/#comments Fri, 25 Nov 2011 16:55:21 +0000 macleans.ca http://www2.macleans.ca/?p=227035 http://www2.macleans.ca/2011/11/25/eurozone-leaders-push-for-fiscal-union/feed/ 2 Yields on Italian short-term bonds at record highs http://www2.macleans.ca/2011/11/23/german-bond-sale-fizzles/ http://www2.macleans.ca/2011/11/23/german-bond-sale-fizzles/#comments Wed, 23 Nov 2011 20:47:33 +0000 macleans.ca http://www2.macleans.ca/?p=226682 http://www2.macleans.ca/2011/11/23/german-bond-sale-fizzles/feed/ 0 Lack of buyers highlights worries about future of the euro http://www2.macleans.ca/2011/11/09/italys-borrowing-costs-enter-danger-zone/ http://www2.macleans.ca/2011/11/09/italys-borrowing-costs-enter-danger-zone/#comments Wed, 09 Nov 2011 17:45:31 +0000 macleans.ca http://www2.macleans.ca/?p=224428 http://www2.macleans.ca/2011/11/09/italys-borrowing-costs-enter-danger-zone/feed/ 0 Berlusconi's planned resignation fails to calm markets http://www2.macleans.ca/2011/11/03/greece-drops-referendum/ http://www2.macleans.ca/2011/11/03/greece-drops-referendum/#comments Thu, 03 Nov 2011 20:47:37 +0000 macleans.ca http://www2.macleans.ca/?p=223766 http://www2.macleans.ca/2011/11/03/greece-drops-referendum/feed/ 0 Opposition will back bail-out fund http://www2.macleans.ca/2011/11/03/ecb-opts-for-surprise-rate-cut/ http://www2.macleans.ca/2011/11/03/ecb-opts-for-surprise-rate-cut/#comments Thu, 03 Nov 2011 14:49:46 +0000 macleans.ca http://www2.macleans.ca/?p=223435 http://www2.macleans.ca/2011/11/03/ecb-opts-for-surprise-rate-cut/feed/ 0 Key rate now at 1.25 per cent