The Eurozone crisis is far from over...

German Bundestag approves Greek bailout: http://www.nytimes.com/2012/12/01/business/global/german-finance-minister-urges-lawmakers-to-approve-greek-debt-deal.html?_r=0

From the Financial Times - Eurozone states face losses on Greek debt
http://www.ft.com/intl/cms/s/0/e5be9df4-38b1-11e2-bd13-00144feabdc0.html#axzz2DkoZAlra

Germany may be heading into recession:
http://www.bloomberg.com/news/2012-11-30/germany-seen-recession-bound-in-poll-showing-euro-crisis-deepens.html

ECB and IMF push for Eurozone reform:
http://my.news.yahoo.com/ecbs-draghi-says-euro-zone-074735661.html

Deal on Greek debt reached

The IMF and EU Finance Ministers came to an agreement Tuesday to allow Greece to get the next tranche of funds and pay its debts.
http://www.reuters.com/article/2012/11/27/us-eurogroup-greece-idUSBRE8AQ0J920121127

The view from the BBC, with video from key players: http://www.bbc.co.uk/news/business-20506251

CNN Money weighs in: http://money.cnn.com/2012/11/26/news/economy/euro-imf-greece-deal/index.html

...and one last view from Business Week: http://www.businessweek.com/articles/2012-11-27/is-this-greek-deal-for-real

Budget talks end with no agreement - Greece talks continue

As expected, EU budget talks broke down after two days with no agreement.  David Cameron went into the negotiations with demands for cuts, rather than the 5% increase being pushed by the Commission:
http://blogs.wsj.com/brussels/2012/11/22/britain-targets-commission/?mod=djemRTBrusselsBlog_h

More from the Wall lStreet Journal on the collapse of the talks:
http://online.wsj.com/article/SB10001424127887324352004578137051647298838.html?mod=djemalertNEWS

More on the budget impasse from the New York Times: http://www.nytimes.com/reuters/2012/11/23/business/23reuters-eu-budget.html?smid=tw-nytimesworld&seid=auto&_r=0

and CNN's report looks into the components of the budget - with video: http://edition.cnn.com/2012/11/23/business/eu-budget-summit/index.html


EU finance minsters were unable to conclude talks on Greek debt reduction and they will continue on Monday.
http://money.cnn.com/2012/11/21/news/economy/eu-imf-greece-bailout/index.html

If you are really interested in the details on Greece's precarious situation, the Wall Street Journal has prepared a cheat sheet explaining the current issues on the table:
http://blogs.wsj.com/brussels/2012/11/20/your-cheat-sheet-to-greece/?mod=djemRTBrusselsBlog_h

France's credit rating was downgraded by Moody's late Monday, and French officials tried to downplay the action:
http://www.nytimes.com/2012/11/21/business/global/newcomer-to-ratings-game-gives-france-a-dim-view.html

European fiscal woes continue & strife over EU budget

Europe is still/back in recession: http://www.foxnews.com/world/2012/11/17/europe-government-debt-burdens-worsen-as-austerity-bites-and-economies-shrink/

Internal EU migration to Germany is on the rise: http://www.spiegel.de/international/europe/euro-zone-enters-recession-as-immigration-to-germany-rises-a-867461.html

Europe Gives Greece more time for Budget Cuts: http://www.nytimes.com/2012/11/13/business/global/europe-gives-greece-two-more-years-for-budget-cuts.html?smid=tw-nytimesglobal&seid=auto&_r=0

On Friday, EU President says agreement on EU budget is possible: http://uk.reuters.com/article/2012/11/16/uk-europe-budget-van-rompuy-idUKBRE8AF14Z20121116

By Saturday Spain's Rajoy says EU budget that would make cuts to subsidies is unacceptable: http://www.reuters.com/article/2012/11/17/us-spain-eu-budget-idUSBRE8AG0G720121117

Anti-immigrant fascist party on the rise in Greece: http://www.nytimes.com/2012/11/18/opinion/sunday/europes-new-fascists.html?pagewanted=1

Veterans Day in the US - Armistice Day in Europe

Across Europe people fell silent at the 11th hour on the 11th day of the 11th month to commemorate the end of World War I and to remember the dead from all wars, including Afghanistan - but the day holds even more significance as the Economist points out:
http://www.economist.com/blogs/charlemagne/2010/11/armistice_day_europe

The day is known as Remembrance Day in the UK:
http://www.guardian.co.uk/uk/2012/nov/11/remembrance-sunday-services-uk

The poppy is the symbol, taken from the poem "In Flanders Fields..."


Meanwhile, issues around the Euro Crisis continue, with the possibility of a British exit from the EU on the agenda:
http://www.nytimes.com/2012/11/12/business/global/12iht-dixon12.html?_r=0

Some video from the FT on the Merkel-Cameron meeting

Meanwhile, EU workers striked to protest potential EU budget cuts: http://www.foxnews.com/world/2012/11/08/eu-workers-strike-over-possible-budget-cuts-others-wonder-why-topic-has-not/

Back to the Euro Crisis

Greece's Parliament has approved a new austerity budget while unemployment continues to rise and Greece's economy contracts: http://www.economist.com/blogs/freeexchange/2012/11/euro-crisis
Another perspective from the Telegraph: http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100021180/who-will-stop-the-sado-monetarists-as-jobless-youth-hits-58pc-in-greece/?utm_source=dlvr.it&utm_medium=twitter

Meanwhile the EU and IMF apear to be at odds over Greek debt: http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_08/11/2012_469142

David Cameron and Angela Merkel met this week amid concerns that British conservatives want to consider leaving the EU:
http://www.washingtonpost.com/business/at-london-dinner-germanys-merkel-lobbies-a-reluctant-britain-to-back-closer-eu-integration/2012/11/07/b1e65d34-2923-11e2-aaa5-ac786110c486_story.html

Another commentator feels that there are deeper tensions that need to be dealt with: http://www.telegraph.co.uk/news/worldnews/europe/eu/9658443/Germany-is-losing-patience-with-Britain.html

Britain's Prime Minister David Cameron, left, goes to shake hands with German Chancellor Angela Merkel, right, as they pose for the media before their meeting at 10 Downing Street, in London, Wednesday, Nov. 7, 2012. The Prime Minister said at a recent EU summit in Brussels that he would veto any proposal for the next seven-year budget framework that went above a freeze on the current position, this, in turn, allegedly left the German Chancellor prepared to scupper a summit of European leaders due on 22-23 November on the EU budget unless David Cameron withdraws the threat of a blanket veto. Photo: Bogdan Maran / AP

Read more: http://www.sfgate.com/news/article/At-London-dinner-Merkel-urges-UK-support-for-EU-4017070.php#ixzz2Berh8rfA

More European reactions to Obama victory

David Cameron is pleased with the outcome, uses the result for Republicans to warn Tory hardliners:
video: http://www.telegraph.co.uk/news/worldnews/us-election/9660779/David-Cameron-congratulates-Barack-Obama-on-election-victory.html
From the Guardian: http://www.guardian.co.uk/politics/2012/nov/07/david-cameron-romney-failure-warning

More from the Telegraph on lessons learned by Cameron: http://blogs.telegraph.co.uk/news/benedictbrogan/100188343/the-power-of-incumbency-and-social-liberalism-what-david-cameron-has-learned-from-barack-obama/

EU officials go to twitter and video to congratulate President Obama: http://www.euractiv.com/global-europe/twitter-explodes-eu-wishes-obama-news-515903

The Wall Street Journal's take on the European response: http://online.wsj.com/article/SB10001424127887323894704578104543325069724.html

http://live.wsj.com/video/europe-welcomes-obama-second-term/6EBA9CE1-BAC4-4995-A798-CEE3AAEB8046.html

European reaction to the U.S. election

...but we start with the U.S. Mission to the EU:



The world reacts to Obama's victory (video) http://www.guardian.co.uk/world/video/2012/nov/07/obama-election-victory-world-reaction-video

 The Telegraph's take (video): http://www.telegraph.co.uk/news/worldnews/us-election/9660717/US-election-2012-the-US-political-playing-field-tilts-against-Republicans.html

Daily Mail: http://www.dailymail.co.uk/ushome/index.html

Der Spiegel:  http://www.spiegel.de/international/world/europe-sends-congratulations-as-obama-is-reelected-a-865749.html

and Der Spiegel's take on Transatlantic issues: http://www.spiegel.de/international/world/what-obama-victory-means-for-trans-atlantic-relations-a-865695.html

The Economist: http://www.economist.com/blogs/lexington/2012/11/2012-presidential-election-1

Le Monde: http://www.lemonde.fr/

German Handelsblatt:  http://www.handelsblatt.com/

A European Take on the U.S. Election

The day before the election:

A "less than resounding" round of support for Obama from European outlets:
http://www.reuters.com/article/2012/11/05/us-usa-campaign-press-idUSBRE8A41H920121105?utm_medium=referral&utm_source=t.co

A European's take on the U.S. election: http://www.policymic.com/articles/5376/a-euro-perspective-on-american-election-2012-folly

A rather harsh critique of American capitalism, from Der Spiegel: http://www.spiegel.de/international/world/commentary-total-capitalism-and-the-downfall-of-america-a-865437.html

...will add more later!

Future for Greece still uncertain, Cameron in trouble

This article from the WSJ describes the Greek situation as still very tenuous:
http://online.wsj.com/article/SB10001424052970204846304578093072277336556.html

with increasing debt weighing down any possible recovery, and unemployment reaching new highs above 25%


Meanwhile in Britain, things are not looking good for David Cameron as his deputy Prime Minister and coalition partner Nick Clegg criticizes his policy on Europe and the EU budget:
http://online.wsj.com/article/SB10001424052970204712904578092794267606864.html?mod=googlenews_wsj


Wrangling over the EU budget continues:
http://blogs.wsj.com/brussels/2012/10/30/eu-budget-contortions-get-serious/?mod=WSJBlog&mod=brussels
and Angela Merkel weighs in:
http://uk.reuters.com/article/2012/11/01/uk-europe-budget-merkel-idUKBRE8A017Q20121101