Home » Archives by category » Europe (Page 439)

Europe Has a Massive CEO-Worker Wage Gap, Too – The Atlantic

Europe Has a Massive CEO-Worker Wage Gap, Too – The Atlantic

Here’s the chart, via the High Pay Commission: A 2003 study by a professional services firm called Towers Perrin, which later became Towers Watson, captured the growth in CEO salaries in a handful of countries just in the previous 15-year period: Another paper from the OECD found similar increases in executive pay between 2004 and 2007, […]

Challenge for Pope in Europe’s Dwindling Church – ABC News

Challenge for Pope in Europe’s Dwindling Church – ABC News

The church is made of rusty steel beams separated by gaps, and its austere beauty won it an international prize. Yet the eerie desolation of the see-through art installation has also turned into a reflection on the state of Roman Catholicism on a religion-weary continent where real churches, like the dozen dotting the hills of […]

Implications of Europe’s Stumble in Cyprus – Huffington Post

Forget everything you’ve ever heard from the European Union policy elite about the sanctity of the Euro and forget ECB President Mario Draghi’s statement last July about doing “whatever it takes” to save the Euro. This week’s actions by the “Euro Elite” have clearly demonstrated that neither is true. The fault lines between northern and […]

Why Europe bungled another rescue – CNN

Why Europe bungled another rescue – CNN

The Cyprus bailout illustrates why short-term tactical compromises are no substitute for proper, albeit much more difficult, strategic decision-making. By Mohamed El-Erian FORTUNE — The botched bailout of Cyprus sheds light on more than just the difficulties Europeans face in collectively designing a complicated country rescue package. It also serves as a reminder of the […]

What the Cyprus Bailout Could Mean for Europe’s Debt – New York Times

What the Cyprus Bailout Could Mean for Europe’s Debt – New York Times

Yorgos Karahalis/ReutersA Bank of Cyprus branch in Athens. The Cyprus bailout is perhaps an even bigger deal than it first seemed, and not for bad reasons. When Europe announced details of its efforts to rescue Cyprus, it was immediately seen as contentious. The bailout imposes a tax on bank deposits to help pay the cost […]

Europe faces imminent test in Cyprus – CNN

Europe faces imminent test in Cyprus – CNN

Cypriots protest against EU bailout and plans for a levy on bank deposits Lawmakers in Cyprus rushed Tuesday to salvage a €10 billion bailout that was designed to shore up the tiny nation’s finances, but has instead […]

What the Cyprus Bailout Could Mean for Europe’s Debt – New York Times

What the Cyprus Bailout Could Mean for Europe’s Debt – New York Times

Yorgos Karahalis/ReutersA Bank of Cyprus branch in Athens. The Cyprus bailout is perhaps an even bigger deal than it first seemed, and not for bad reasons. When Europe announced details of its efforts to rescue Cyprus, it was immediately seen as contentious. The bailout imposes a tax on bank deposits to help pay the cost […]

Resistance in Cyprus Grows to Europe’s Bailout Plan – New York Times

President Nicos Anastasiades was trying to compel policy makers in Brussels to soften demands for a tax to be assessed on Cypriot bank deposits, saying European Union leaders used “blackmail” to get him to agree to those conditions early Saturday in order to receive a bailout package worth 10 billion euros, or $13 billion. Cyprus, […]

Second Thoughts in Europe as Anxiety Rises in Cyprus – New York Times

Outside, the A.T.M. coughed up 50-euro bills, as few as two or four at a time — a relief, since banks will remain closed through Wednesday. Yet it was still not enough to assuage fears. “How can I trust any bank in the euro zone after this decision?” asked Andreas Andreou, 26, an employee at […]

Resistance in Cyprus Grows to Europe’s Bailout Plan – New York Times

President Nicos Anastasiades was trying to compel policy makers in Brussels to soften demands for a tax to be assessed on Cypriot bank deposits, saying European Union leaders used “blackmail” to get him to agree to those conditions early Saturday in order to receive a bailout package worth 10 billion euros, or $13 billion. Cyprus, […]